10-Q Filing

ESAB Corp CIK: 1877322 Q2 2023

Filing Information

Form Type	10-Q
Accession Number	`0001877322-23-000018`
Period End Date	20230630
Filing Date	20230801
Fiscal Year	2023
Fiscal Period	Q2
XBRL Instance	esab-20230630_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 64 Income Statement 82 Cash Flow Statement 64 Stockholders Equity 48 Comprehensive Income 82

Balance Sheet 64 line items

Line Item	Tag	Value	Unit	Period
Trade receivables, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$25.84M	USD	Point-in-time
Trade receivables, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$23.47M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$74.45M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	600.00M	shares	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	600.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$72.02M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	60.26M	shares	Point-in-time
Trade receivables, less allowance for credit losses of $25,845 and $23,471	`AccountsReceivableNetCurrent`	$374.33M	USD	Point-in-time
Trade receivables, less allowance for credit losses of $25,845 and $23,471	`AccountsReceivableNetCurrent`	$412.67M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	60.09M	shares	Point-in-time
Inventories, net	`InventoryNet`	$416.83M	USD	Point-in-time
Inventories, net	`InventoryNet`	$447.32M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$56.64M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$69.06M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$68.85M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$68.11M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.07B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$988.67M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$281.81M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$284.23M	USD	Point-in-time
Goodwill	`Goodwill`	$1.59B	USD	Point-in-time
Goodwill	`Goodwill`	$1.53B	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$505.06M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$517.17M	USD	Point-in-time
Lease assets - right of use	`OperatingLeaseRightOfUseAsset`	$95.08M	USD	Point-in-time
Lease assets - right of use	`OperatingLeaseRightOfUseAsset`	$92.03M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$323.35M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$342.15M	USD	Point-in-time
Total assets	`Assets`	$3.86B	USD	Point-in-time
Total assets	`Assets`	$3.75B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$333.17M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$316.26M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$285.31M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$285.21M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$618.37M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$601.58M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$1.16B	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$1.22B	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$538.65M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$545.34M	USD	Point-in-time
Total liabilities	`Liabilities`	$2.32B	USD	Point-in-time
Total liabilities	`Liabilities`	$2.37B	USD	Point-in-time
Common stock - $0.001 par value - 600,000,000 shares authorized, 60,259,369 and 60,094,725 shares outstanding as of June 30, 2023 and December 31, 2022, respectively	`CommonStockValue`	$60.00K	USD	Point-in-time
Common stock - $0.001 par value - 600,000,000 shares authorized, 60,259,369 and 60,094,725 shares outstanding as of June 30, 2023 and December 31, 2022, respectively	`CommonStockValue`	$60.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.87B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.87B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$250.03M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$159.23M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-616.62M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-674.99M	USD	Point-in-time
Total ESAB Corporation equity	`StockholdersEquity`	$1.51B	USD	Point-in-time
Total ESAB Corporation equity	`StockholdersEquity`	$1.35B	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$38.25M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$40.42M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.50B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.55B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.52B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.39B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.28B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.46B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$3.75B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$3.86B	USD	Point-in-time

Income Statement 82 line items

Line Item	Tag	Value	Unit	Period
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.31B	USD	2 Qtrs
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$720.42M	USD	1 Quarter
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$661.18M	USD	1 Quarter
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.40B	USD	2 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$433.70M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$456.50M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$893.11M	USD	2 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$857.28M	USD	2 Qtrs
Gross profit	`GrossProfit`	$451.80M	USD	2 Qtrs
Gross profit	`GrossProfit`	$227.47M	USD	1 Quarter
Gross profit	`GrossProfit`	$263.92M	USD	1 Quarter
Gross profit	`GrossProfit`	$511.31M	USD	2 Qtrs
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$297.40M	USD	2 Qtrs
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$136.94M	USD	1 Quarter
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$272.36M	USD	2 Qtrs
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$150.12M	USD	1 Quarter
Restructuring and other related charges	`RestructuringCharges`	$4.65M	USD	1 Quarter
Restructuring and other related charges	`RestructuringCharges`	$14.61M	USD	2 Qtrs
Restructuring and other related charges	`RestructuringCharges`	$9.95M	USD	2 Qtrs
Restructuring and other related charges	`RestructuringCharges`	$5.17M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$169.49M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$199.30M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$85.88M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$108.64M	USD	1 Quarter
Interest expense and other, net	`InterestExpenseIncomeAndOtherNet`	$18.82M	USD	1 Quarter
Interest expense and other, net	`InterestExpenseIncomeAndOtherNet`	$7.91M	USD	1 Quarter
Interest expense and other, net	`InterestExpenseIncomeAndOtherNet`	$38.33M	USD	2 Qtrs
Interest expense and other, net	`InterestExpenseIncomeAndOtherNet`	$7.35M	USD	2 Qtrs
Income from continuing operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$160.97M	USD	2 Qtrs
Income from continuing operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$77.97M	USD	1 Quarter
Income from continuing operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$89.82M	USD	1 Quarter
Income from continuing operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$162.14M	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$58.00M	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$20.05M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$45.79M	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$20.97M	USD	1 Quarter
Net income from continuing operations	`IncomeLossFromContinuingOperations`	$116.35M	USD	2 Qtrs
Net income from continuing operations	`IncomeLossFromContinuingOperations`	$102.97M	USD	2 Qtrs
Net income from continuing operations	`IncomeLossFromContinuingOperations`	$57.92M	USD	1 Quarter
Net income from continuing operations	`IncomeLossFromContinuingOperations`	$68.85M	USD	1 Quarter
Loss from discontinued operations, net of taxes	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$-1.90M	USD	1 Quarter
Loss from discontinued operations, net of taxes	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$-3.92M	USD	2 Qtrs
Loss from discontinued operations, net of taxes	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$-2.54M	USD	2 Qtrs
Loss from discontinued operations, net of taxes	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$-1.62M	USD	1 Quarter
Net income	`ProfitLoss`	$56.02M	USD	1 Quarter
Net income	`ProfitLoss`	$56.40M	USD	1 Quarter
Net income	`ProfitLoss`	$100.44M	USD	2 Qtrs
Net income	`ProfitLoss`	$67.22M	USD	1 Quarter
Net income	`ProfitLoss`	$33.22M	USD	1 Quarter
Net income	`ProfitLoss`	$112.43M	USD	2 Qtrs
Less: Income attributable to noncontrolling interest, net of taxes	`NetIncomeLossAttributableToNoncontrollingInterest`	$1.74M	USD	2 Qtrs
Less: Income attributable to noncontrolling interest, net of taxes	`NetIncomeLossAttributableToNoncontrollingInterest`	$1.65M	USD	1 Quarter
Less: Income attributable to noncontrolling interest, net of taxes	`NetIncomeLossAttributableToNoncontrollingInterest`	$775.00K	USD	1 Quarter
Less: Income attributable to noncontrolling interest, net of taxes	`NetIncomeLossAttributableToNoncontrollingInterest`	$2.96M	USD	2 Qtrs
Net income attributable to ESAB Corporation	`NetIncomeLoss`	$97.48M	USD	2 Qtrs
Net income attributable to ESAB Corporation	`NetIncomeLoss`	$55.25M	USD	1 Quarter
Net income attributable to ESAB Corporation	`NetIncomeLoss`	$110.69M	USD	2 Qtrs
Net income attributable to ESAB Corporation	`NetIncomeLoss`	$65.57M	USD	1 Quarter
Income from continuing operations (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicShare`	$0.95	USD	1 Quarter
Income from continuing operations (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicShare`	$1.90	USD	2 Qtrs
Income from continuing operations (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicShare`	$1.65	USD	2 Qtrs
Income from continuing operations (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicShare`	$1.11	USD	1 Quarter
Loss on discontinued operations (in dollars per share)	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicShare`	$-0.03	USD	1 Quarter
Loss on discontinued operations (in dollars per share)	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicShare`	$-0.03	USD	1 Quarter
Loss on discontinued operations (in dollars per share)	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicShare`	$-0.04	USD	2 Qtrs
Loss on discontinued operations (in dollars per share)	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicShare`	$-0.07	USD	2 Qtrs
Net income per share (in dollars per share)	`EarningsPerShareBasic`	$1.83	USD	2 Qtrs
Net income per share (in dollars per share)	`EarningsPerShareBasic`	$1.61	USD	2 Qtrs
Net income per share (in dollars per share)	`EarningsPerShareBasic`	$0.92	USD	1 Quarter
Net income per share (in dollars per share)	`EarningsPerShareBasic`	$1.08	USD	1 Quarter
Income from continuing operations (in dollars per share)	`IncomeLossFromContinuingOperationsPerDilutedShare`	$1.10	USD	1 Quarter
Income from continuing operations (in dollars per share)	`IncomeLossFromContinuingOperationsPerDilutedShare`	$1.64	USD	2 Qtrs
Income from continuing operations (in dollars per share)	`IncomeLossFromContinuingOperationsPerDilutedShare`	$1.89	USD	2 Qtrs
Income from continuing operations (in dollars per share)	`IncomeLossFromContinuingOperationsPerDilutedShare`	$0.94	USD	1 Quarter
Loss on discontinued operations (in dollars per share)	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerDilutedShare`	$-0.04	USD	2 Qtrs
Loss on discontinued operations (in dollars per share)	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerDilutedShare`	$-0.07	USD	2 Qtrs
Loss on discontinued operations (in dollars per share)	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerDilutedShare`	$-0.03	USD	1 Quarter
Loss on discontinued operations (in dollars per share)	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerDilutedShare`	$-0.03	USD	1 Quarter
Net income per share - diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.07	USD	1 Quarter
Net income per share - diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.60	USD	2 Qtrs
Net income per share - diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.91	USD	1 Quarter
Net income per share - diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.82	USD	2 Qtrs

Cash Flow Statement 64 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$56.02M	USD	1 Quarter
Net income	`ProfitLoss`	$56.40M	USD	1 Quarter
Net income	`ProfitLoss`	$100.44M	USD	2 Qtrs
Net income	`ProfitLoss`	$67.22M	USD	1 Quarter
Net income	`ProfitLoss`	$33.22M	USD	1 Quarter
Net income	`ProfitLoss`	$112.43M	USD	2 Qtrs
Depreciation, amortization, and other impairment charges	`DepreciationAndAmortization`	$39.56M	USD	2 Qtrs
Depreciation, amortization, and other impairment charges	`DepreciationAndAmortization`	$33.07M	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$7.46M	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$5.36M	USD	2 Qtrs
Deferred income tax	`DeferredIncomeTaxesAndTaxCredits`	$998.00K	USD	2 Qtrs
Deferred income tax	`DeferredIncomeTaxesAndTaxCredits`	$-7.35M	USD	2 Qtrs
Non-cash interest expense	`NonCashInterestExpense`	$597.00K	USD	2 Qtrs
Non-cash interest expense	`NonCashInterestExpense`	$597.00K	USD	2 Qtrs
Trade receivables, net	`IncreaseDecreaseInAccountsReceivable`	$17.65M	USD	2 Qtrs
Trade receivables, net	`IncreaseDecreaseInAccountsReceivable`	$28.94M	USD	2 Qtrs
Inventories, net	`IncreaseDecreaseInInventories`	$65.98M	USD	2 Qtrs
Inventories, net	`IncreaseDecreaseInInventories`	$24.73M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$3.27M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$17.45M	USD	2 Qtrs
Other operating assets and liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-2.07M	USD	2 Qtrs
Other operating assets and liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$34.51M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$43.41M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$100.72M	USD	2 Qtrs
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$13.69M	USD	2 Qtrs
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$17.00M	USD	2 Qtrs
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$1.94M	USD	2 Qtrs
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$3.36M	USD	2 Qtrs
Acquisition, net of cash received	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$18.23M	USD	2 Qtrs
Acquisition, net of cash received	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-10.33M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-33.30M	USD	2 Qtrs
Proceeds from borrowings on term credit facility	`ProceedsFromIssuanceOfDebt`	-	USD	2 Qtrs
Proceeds from borrowings on term credit facility	`ProceedsFromIssuanceOfDebt`	$1.00B	USD	2 Qtrs
Proceeds from borrowings on term credit facility	`ProceedsFromIssuanceOfOtherLongTermDebt`	$265.00M	USD	2 Qtrs
Proceeds from borrowings on term credit facility	`ProceedsFromIssuanceOfOtherLongTermDebt`	$280.00M	USD	2 Qtrs
Repayments of borrowings on revolving credit facility and other	`RepaymentsOfLongTermLinesOfCredit`	$79.64M	USD	2 Qtrs
Repayments of borrowings on revolving credit facility and other	`RepaymentsOfLongTermLinesOfCredit`	$340.54M	USD	2 Qtrs
Payment of deferred financing fees and other	`PaymentsOfDebtIssuanceCosts`	-	USD	2 Qtrs
Payment of deferred financing fees and other	`PaymentsOfDebtIssuanceCosts`	$5.64M	USD	2 Qtrs
Payment of deferred consideration	`PaymentForContingentConsiderationLiabilityFinancingActivities`	-	USD	2 Qtrs
Payment of deferred consideration	`PaymentForContingentConsiderationLiabilityFinancingActivities`	$1.50M	USD	2 Qtrs
Payment of dividends	`PaymentsOfDividends`	-	USD	2 Qtrs
Payment of dividends	`PaymentsOfDividends`	$6.06M	USD	2 Qtrs
Consideration to Former Parent in connection with the Separation	`PaymentsToFormerParentConsiderationTransferred`	-	USD	2 Qtrs
Consideration to Former Parent in connection with the Separation	`PaymentsToFormerParentConsiderationTransferred`	$1.20B	USD	2 Qtrs
Distributions to noncontrolling interest holders	`PaymentsToMinorityShareholders`	$941.00K	USD	2 Qtrs
Distributions to noncontrolling interest holders	`PaymentsToMinorityShareholders`	$1.27M	USD	2 Qtrs
Transfers from Former Parent, net	`TransfersToFromParentNet`	$-2.85M	USD	2 Qtrs
Transfers from Former Parent, net	`TransfersToFromParentNet`	-	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-19.87M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-67.87M	USD	2 Qtrs
Effect of foreign exchange rates on Cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.87M	USD	2 Qtrs
Effect of foreign exchange rates on Cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-937.00K	USD	2 Qtrs
Increase in Cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$2.42M	USD	2 Qtrs
Increase in Cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$12.27M	USD	2 Qtrs
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$74.45M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$41.21M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$72.02M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$53.48M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$74.45M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$41.21M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$72.02M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$53.48M	USD	Point-in-time

Stockholders Equity 48 line items

Line Item	Tag	Value	Unit	Period
Dividends on common stock (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.05	USD	1 Quarter
Dividends on common stock (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.05	USD	1 Quarter
Dividends on common stock (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.06	USD	1 Quarter
Other comprehensive income (loss), tax expense (benefit)	`OtherComprehensiveIncomeLossTax`	$579.00K	USD	1 Quarter
Other comprehensive income (loss), tax expense (benefit)	`OtherComprehensiveIncomeLossTax`	$1.19M	USD	1 Quarter
Other comprehensive income (loss), tax expense (benefit)	`OtherComprehensiveIncomeLossTax`	$594.00K	USD	1 Quarter
Other comprehensive income (loss), tax expense (benefit)	`OtherComprehensiveIncomeLossTax`	$-934.00K	USD	1 Quarter
Beginning balance (in shares)	`CommonStockSharesOutstanding`	60.26M	shares	Point-in-time
Beginning balance (in shares)	`CommonStockSharesOutstanding`	60.09M	shares	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.50B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.55B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.52B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.39B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.28B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.46B	USD	Point-in-time
Net income	`ProfitLoss`	$56.02M	USD	1 Quarter
Net income	`ProfitLoss`	$56.40M	USD	1 Quarter
Net income	`ProfitLoss`	$100.44M	USD	2 Qtrs
Net income	`ProfitLoss`	$67.22M	USD	1 Quarter
Net income	`ProfitLoss`	$33.22M	USD	1 Quarter
Net income	`ProfitLoss`	$112.43M	USD	2 Qtrs
Distributions to noncontrolling owners	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$941.00K	USD	1 Quarter
Distributions to noncontrolling owners	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$1.36M	USD	1 Quarter
Dividends declared	`DividendsCommonStock`	$3.64M	USD	1 Quarter
Dividends declared	`DividendsCommonStock`	$3.03M	USD	1 Quarter
Dividends declared	`DividendsCommonStock`	$3.02M	USD	1 Quarter
Other comprehensive income (loss), net of tax (expense) benefit	`OtherComprehensiveIncomeLossNetOfTax`	$-145.52M	USD	2 Qtrs
Other comprehensive income (loss), net of tax (expense) benefit	`OtherComprehensiveIncomeLossNetOfTax`	$-44.40M	USD	1 Quarter
Other comprehensive income (loss), net of tax (expense) benefit	`OtherComprehensiveIncomeLossNetOfTax`	$-101.12M	USD	1 Quarter
Other comprehensive income (loss), net of tax (expense) benefit	`OtherComprehensiveIncomeLossNetOfTax`	$20.15M	USD	1 Quarter
Other comprehensive income (loss), net of tax (expense) benefit	`OtherComprehensiveIncomeLossNetOfTax`	$38.78M	USD	1 Quarter
Other comprehensive income (loss), net of tax (expense) benefit	`OtherComprehensiveIncomeLossNetOfTax`	$58.93M	USD	2 Qtrs
Net Transfers from Former Parent, including Separation Adjustments	`NetTransfersFromFormerParentIncludingSeparationAdjustments`	$-8.53M	USD	1 Quarter
Former Parent common stock-based award activity	`SharesIssuedValueShareBasedPaymentArrangementWithFormerParentCompany`	$1.73M	USD	1 Quarter
Transfers to Former Parent, net	`MembersEquityTransfersToFromParentNet`	$-2.85M	USD	1 Quarter
Transfers to Former Parent, net	`MembersEquityTransfersToFromParentNet`	$1.20B	USD	1 Quarter
Issuance of common stock in connection with the Separation and reclassification of Net Investment from Former Parent	`IssuanceOfCommonStockValueSeparationAndReclassificationOfNetInvestmentFromFormerParent`	-	USD	1 Quarter
Common stock-based award activity	`StockIssuedDuringPeriodValueShareBasedCompensation`	$3.63M	USD	1 Quarter
Common stock-based award activity	`StockIssuedDuringPeriodValueShareBasedCompensation`	$4.70M	USD	1 Quarter
Common stock-based award activity	`StockIssuedDuringPeriodValueShareBasedCompensation`	$2.23M	USD	1 Quarter
Ending balance (in shares)	`CommonStockSharesOutstanding`	60.26M	shares	Point-in-time
Ending balance (in shares)	`CommonStockSharesOutstanding`	60.09M	shares	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.50B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.55B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.52B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.39B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.28B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.46B	USD	Point-in-time

Comprehensive Income 82 line items

Line Item	Tag	Value	Unit	Period
Foreign currency translation, tax expense (benefit)	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$698.00K	USD	2 Qtrs
Net income	`ProfitLoss`	$56.02M	USD	1 Quarter
Foreign currency translation, tax expense (benefit)	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$360.00K	USD	1 Quarter
Foreign currency translation, tax expense (benefit)	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$-438.00K	USD	2 Qtrs
Net income	`ProfitLoss`	$56.40M	USD	1 Quarter
Net income	`ProfitLoss`	$100.44M	USD	2 Qtrs
Foreign currency translation, tax expense (benefit)	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$-483.00K	USD	1 Quarter
Net income	`ProfitLoss`	$67.22M	USD	1 Quarter
Net income	`ProfitLoss`	$33.22M	USD	1 Quarter
Net income	`ProfitLoss`	$112.43M	USD	2 Qtrs
Unrealized gain on hedging activities, tax expense	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTax`	$1.61M	USD	1 Quarter
Unrealized gain on hedging activities, tax expense	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTax`	$566.00K	USD	2 Qtrs
Foreign currency translation, net of tax (benefit) expense of $(483), $360, $(438) and $698	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-101.89M	USD	1 Quarter
Foreign currency translation, net of tax (benefit) expense of $(483), $360, $(438) and $698	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$13.74M	USD	1 Quarter
Foreign currency translation, net of tax (benefit) expense of $(483), $360, $(438) and $698	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-147.08M	USD	2 Qtrs
Defined benefit pension and other post-retirement plan activity, tax expense	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax`	$-234.00K	USD	1 Quarter
Defined benefit pension and other post-retirement plan activity, tax expense	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax`	$-65.00K	USD	1 Quarter
Defined benefit pension and other post-retirement plan activity, tax expense	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax`	$-475.00K	USD	2 Qtrs
Defined benefit pension and other post-retirement plan activity, tax expense	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax`	$-131.00K	USD	2 Qtrs
Foreign currency translation, net of tax (benefit) expense of $(483), $360, $(438) and $698	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$55.82M	USD	2 Qtrs
Unrealized gain on derivatives designated and qualifying as cash flow hedges, net of tax expense of $1,611 and $566	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$1.95M	USD	2 Qtrs
Unrealized gain on derivatives designated and qualifying as cash flow hedges, net of tax expense of $1,611 and $566	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	-	USD	1 Quarter
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	`ProfitLoss`	$56.02M	USD	1 Quarter
Unrealized gain on derivatives designated and qualifying as cash flow hedges, net of tax expense of $1,611 and $566	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$5.53M	USD	1 Quarter
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	`ProfitLoss`	$56.40M	USD	1 Quarter
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	`ProfitLoss`	$100.44M	USD	2 Qtrs
Unrealized gain on derivatives designated and qualifying as cash flow hedges, net of tax expense of $1,611 and $566	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	-	USD	2 Qtrs
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	`ProfitLoss`	$67.22M	USD	1 Quarter
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	`ProfitLoss`	$33.22M	USD	1 Quarter
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	`ProfitLoss`	$112.43M	USD	2 Qtrs
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-101.89M	USD	1 Quarter
Defined benefit pension and other post-retirement plan activity, net of tax expense of $65, $234, $131 and $475	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-1.56M	USD	2 Qtrs
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$13.74M	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-147.08M	USD	2 Qtrs
Defined benefit pension and other post-retirement plan activity, net of tax expense of $65, $234, $131 and $475	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-1.16M	USD	2 Qtrs
Defined benefit pension and other post-retirement plan activity, net of tax expense of $65, $234, $131 and $475	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-887.00K	USD	1 Quarter
Defined benefit pension and other post-retirement plan activity, net of tax expense of $65, $234, $131 and $475	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-770.00K	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$55.82M	USD	2 Qtrs
Unrealized gain on derivatives designated and qualifying as cash flow hedges, net of tax expense of $1,611 and $566	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$1.95M	USD	2 Qtrs
Unrealized gain on derivatives designated and qualifying as cash flow hedges, net of tax expense of $1,611 and $566	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	-	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-145.52M	USD	2 Qtrs
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-44.40M	USD	1 Quarter
Unrealized gain on derivatives designated and qualifying as cash flow hedges, net of tax expense of $1,611 and $566	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$5.53M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-101.12M	USD	1 Quarter
Unrealized gain on derivatives designated and qualifying as cash flow hedges, net of tax expense of $1,611 and $566	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	-	USD	2 Qtrs
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$20.15M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$38.78M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$58.93M	USD	2 Qtrs
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$159.37M	USD	2 Qtrs
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, after Tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-1.56M	USD	2 Qtrs
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$87.38M	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-33.09M	USD	2 Qtrs
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, after Tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-1.16M	USD	2 Qtrs
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, after Tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-887.00K	USD	1 Quarter
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, after Tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-770.00K	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-45.09M	USD	1 Quarter
Less: comprehensive income (loss) attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-970.00K	USD	1 Quarter
Less: comprehensive income (loss) attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$1.71M	USD	1 Quarter
Less: comprehensive income (loss) attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$3.52M	USD	2 Qtrs
Other comprehensive income (loss), net of tax (expense) benefit	`OtherComprehensiveIncomeLossNetOfTax`	$-145.52M	USD	2 Qtrs
Other comprehensive income (loss), net of tax (expense) benefit	`OtherComprehensiveIncomeLossNetOfTax`	$-44.40M	USD	1 Quarter
Other comprehensive income (loss), net of tax (expense) benefit	`OtherComprehensiveIncomeLossNetOfTax`	$-101.12M	USD	1 Quarter
Other comprehensive income (loss), net of tax (expense) benefit	`OtherComprehensiveIncomeLossNetOfTax`	$20.15M	USD	1 Quarter
Less: comprehensive income (loss) attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-512.00K	USD	2 Qtrs
Other comprehensive income (loss), net of tax (expense) benefit	`OtherComprehensiveIncomeLossNetOfTax`	$38.78M	USD	1 Quarter
Other comprehensive income (loss), net of tax (expense) benefit	`OtherComprehensiveIncomeLossNetOfTax`	$58.93M	USD	2 Qtrs
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$159.37M	USD	2 Qtrs
Comprehensive income (loss) attributable to ESAB Corporation	`ComprehensiveIncomeNetOfTax`	$-32.58M	USD	2 Qtrs
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$87.38M	USD	1 Quarter
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-33.09M	USD	2 Qtrs
Comprehensive income (loss) attributable to ESAB Corporation	`ComprehensiveIncomeNetOfTax`	$155.85M	USD	2 Qtrs
Comprehensive income (loss) attributable to ESAB Corporation	`ComprehensiveIncomeNetOfTax`	$-44.12M	USD	1 Quarter
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-45.09M	USD	1 Quarter
Comprehensive income (loss) attributable to ESAB Corporation	`ComprehensiveIncomeNetOfTax`	$85.67M	USD	1 Quarter
Less: comprehensive income (loss) attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-970.00K	USD	1 Quarter
Less: comprehensive income (loss) attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$1.71M	USD	1 Quarter
Less: comprehensive income (loss) attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$3.52M	USD	2 Qtrs
Less: comprehensive income (loss) attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-512.00K	USD	2 Qtrs
Comprehensive Income (Loss), Net of Tax, Attributable to Parent	`ComprehensiveIncomeNetOfTax`	$-32.58M	USD	2 Qtrs
Comprehensive Income (Loss), Net of Tax, Attributable to Parent	`ComprehensiveIncomeNetOfTax`	$155.85M	USD	2 Qtrs
Comprehensive Income (Loss), Net of Tax, Attributable to Parent	`ComprehensiveIncomeNetOfTax`	$-44.12M	USD	1 Quarter
Comprehensive Income (Loss), Net of Tax, Attributable to Parent	`ComprehensiveIncomeNetOfTax`	$85.67M	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.