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Segment Information
 9 Months Ended
Sep. 29, 2023
Segment Reporting [Abstract]  
Segment Information Segment Information
ESAB is a premier narrowly diversified global leader in connected fabrication technology and gas control solutions. ESAB provides its partners with advanced equipment, consumables, gas control equipment, robotics, and digital solutions. The Company’s products are utilized to solve challenges in a wide range of industries, including cutting, joining and automated welding.

The Company conducts its operations through two reportable segments. These segments consist of the “Americas,” which includes operations in North America and South America, and “EMEA & APAC,” which includes Europe, Middle East, India, Africa and Asia Pacific.

The Company’s management evaluates the operating results of each of its reportable segments based upon Net sales and Adjusted EBITDA, which represents Net income from continuing operations excluding the impact of Income tax expense, Interest expense and other, net, Pension settlement gain, Restructuring and other related charges, separation costs, acquisition - amortization and other related charges, and depreciation and other amortization.
The Company’s segment results were as follows:
Three Months Ended
Nine Months Ended
September 29, 2023September 30, 2022September 29, 2023September 30, 2022
(In thousands)
Net sales:
Americas$305,816 $281,361 $907,663 $844,741 
EMEA & APAC375,180 338,904 1,177,755 1,084,612 
$680,996 $620,265 $2,085,418 $1,929,353 
Adjusted EBITDA(1):
Americas$57,187 $46,385 $164,892 $138,937 
EMEA & APAC65,338 58,649 207,696 185,871 
$122,525 $105,034 $372,588 $324,808 
(1) The following is a reconciliation of Net income from continuing operations to Adjusted EBITDA.
Three Months Ended
Nine Months Ended
September 29, 2023September 30, 2022September 29, 2023September 30, 2022
(In thousands)
Net income from continuing operations$60,836 $54,293 $163,811 $170,641 
Income tax expense 19,808 17,836 77,806 63,629 
Interest expense and other, net(1)
20,502 12,165 58,831 19,516 
Pension settlement gain— (3,300)— (3,300)
Restructuring and other related charges3,129 6,676 17,742 16,629 
Separation costs(2)
— 1,834 — 8,923 
Acquisition - amortization and other related charges(3)
9,285 7,217 27,826 22,524 
Depreciation and other amortization8,965 8,313 26,572 26,178 
Other(4)
— — — 68 
Adjusted EBITDA$122,525 $105,034 $372,588 $324,808 
(1) Relates to removal of interest expense, net included within the Interest expense and other, net line within the Consolidated and Combined Condensed Statements of Operations.
(2) Includes non-recurring charges and employee costs related to the planning and execution of the Separation from Enovis within the Selling, general and administrative expense line within the Consolidated and Combined Condensed Statements of Operations.
(3) Includes transaction expenses, amortization of intangibles, fair value charges on acquired inventories and integration expenses.
(4) Relates to certain items included within the Interest expense (income) and other, net line within the Consolidated and Combined Statements of Operations.