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CONSOLIDATED AND COMBINED CONDENSED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 27, 2024
Sep. 29, 2023
Sep. 27, 2024
Sep. 29, 2023
Income Statement [Abstract]        
Net sales $ 673,250 $ 680,996 $ 2,070,047 $ 2,085,418
Cost of sales 419,460 431,282 1,290,915 1,324,392
Gross profit 253,790 249,714 779,132 761,026
Selling, general and administrative expense 145,900 145,439 434,537 442,836
Restructuring and other related charges 1,875 3,129 8,572 17,742
Operating income 106,015 101,146 336,023 300,448
Pension settlement loss 0 0 12,155 0
Interest expense and other, net 16,894 20,502 49,925 58,831
Income from continuing operations before income taxes 89,121 80,644 273,943 241,617
Income tax expense 18,074 19,808 54,463 77,806
Net income from continuing operations 71,047 60,836 219,480 163,811
Loss from discontinued operations, net of taxes (1,214) (1,723) (3,684) (4,259)
Net income 69,833 59,113 215,796 159,552
Income attributable to noncontrolling interest, net of taxes (1,593) (1,543) (4,698) (4,506)
Net income attributable to ESAB Corporation $ 68,240 $ 57,570 $ 211,098 $ 155,046
Earnings (loss) per share – basic        
Income from continuing operations (in dollars per share) $ 1.14 $ 0.98 $ 3.54 $ 2.63
Loss on discontinued operations (in dollars per share) (0.02) (0.03) (0.06) (0.07)
Net income per share (in dollars per share) 1.12 0.95 3.48 2.56
Earnings (loss) per share – diluted        
Income from continuing operations (in dollars per share) 1.13 0.97 3.50 2.61
Loss on discontinued operations (in dollars per share) (0.02) (0.03) (0.06) (0.07)
Net income per share - diluted (in dollars per share) $ 1.11 $ 0.94 $ 3.44 $ 2.54