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Earnings per Share from Continuing Operations | 6 Months Ended
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Jul. 03, 2026
Earnings Per Share [Abstract] |
Earnings per Share from Continuing Operations | Earnings per Share from Continuing Operations Basic earnings per share is calculated by dividing net income attributable to common stockholders by the weighted average number of common shares outstanding for the applicable period. Diluted earnings per share is computed based on the weighted average number of common shares outstanding increased by the number of additional shares that would have been outstanding had the potentially dilutive common shares been issued and reduced by the number of shares the Company could have repurchased with the proceeds from the issuance of the potentially dilutive shares. The Company has unvested share-based payment awards with a right to receive non-forfeitable dividends, which are considered participating securities. The Company allocates earnings to participating securities and computed earnings per share using the two-class method as per the table below. For the three and six months ended July 3, 2026 and July 4, 2025 no options to purchase shares were excluded from the diluted earnings per share calculation as their inclusion would have been anti-dilutive. The impact of the MCPS (as described and defined in Note 12, “Equity”) calculated under the if-converted method was anti-dilutive, and as such, shares underlying the MCPS were excluded from the diluted earnings per share calculation for the three and six months ended July 3, 2026. The market-based stock price condition applicable to the Performance Option Awards (as described and defined in Note 12, “Equity”) had not been satisfied, and accordingly no shares were contingently issuable under the Performance Option Awards for purposes of the diluted earnings per share calculation. As a result, 2.4 million shares underlying the Performance Option Awards had no effect on, and were excluded from, the diluted earnings per share calculation for the three and six months ended July 3, 2026. Information related to the calculation of net earnings per share is summarized as follows:
| Three Months Ended |  | Six Months Ended
| July 3, 2026 |  | July 4, 2025 |  | July 3, 2026 |  | July 4, 2025
| (In thousands, except share and per share data)
Computation of earnings per share from continuing operations – basic: |  |  |  |  |  |  |
Income from continuing operations attributable to ESAB Corporation(1) | $ | 34,767 |  |  | $ | 68,591 |  |  | $ | 84,965 |  |  | $ | 138,686 |
Distributed and undistributed earnings allocated to non-vested shares | (173) |  |  | (166) |  |  | (427) |  |  | (415) |
Mandatory convertible preferred stock dividends | (1,390) |  |  | — |  |  | (1,390) |  |  | — |
Income from continuing operations attributable to common stockholders | $ | 33,204 |  |  | $ | 68,425 |  |  | $ | 83,148 |  |  | $ | 138,271 |
Weighted-average shares of Common stock outstanding – basic | 61,333,967 |  |  | 60,739,891 |  |  | 61,057,590 |  |  | 60,651,238 |
Income per share from continuing operations – basic | $ | 0.54 |  |  | $ | 1.13 |  |  | $ | 1.36 |  |  | $ | 2.28 |
Computation of earnings per share from continuing operations – diluted: |  |  |  |  |  |  |
Income from continuing operations attributable to common stockholders | $ | 33,204 |  |  | $ | 68,425 |  |  | $ | 83,148 |  |  | $ | 138,271 |
Weighted-average shares of Common stock outstanding – basic | 61,333,967 |  |  | 60,739,891 |  |  | 61,057,590 |  |  | 60,651,238 |
Net effect of potentially dilutive securities(2) | 296,633 |  |  | 572,853 |  |  | 390,625 |  |  | 645,694 |
Weighted-average shares of Common stock outstanding – dilution | 61,630,600 |  |  | 61,312,744 |  |  | 61,448,215 |  |  | 61,296,932 |
Net income per share from continuing operations – diluted | $ | 0.54 |  |  | $ | 1.12 |  |  | $ | 1.35 |  |  | $ | 2.26 |
(1) Net income from continuing operations attributable to ESAB Corporation for the respective periods is calculated using Net income from continuing operations, less Income attributable to noncontrolling interest, net of taxes, of $1.6 million and $3.2 million for the three and six months ended July 3, 2026, respectively, and $1.2 million and $3.7 million for the three and six months ended July 4, 2025, respectively. (2) Potentially dilutive securities include stock options, performance-based restricted stock units and non-performance-based restricted stock units.

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