ESAB CorpESAB

Market cap

$6.9B

P/E ratio

	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024
Net sales	2,593	2,775	2,741
Cost of sales	1,708	1,759	1,703
Gross profit	886	1,016	1,037
Selling, general and administrative expense	533	587	580
Restructuring Charges	23	24	10
Operating income	329	404	447
Pension settlement loss (gain)	9	-	-12
Interest expense and other, net	38	85	65
Income from continuing operations before income taxes	300	319	370
Income tax expense	69	96	77
Net income from continuing operations	-	223	293
Loss from discontinued operations, net of taxes	-3	-12	-22
Net income	228	211	271
Income attributable to noncontrolling interest, net of taxes	4	6	6
Net income attributable to ESAB Corporation	228	211	271
Income from continuing operations (in dollars per share)	3.75	3.59	4.73
Loss on discontinued operations (in dollars per share)	-0.05	-0.2	-0.37
Net income per share (in dollars per share)	3.7	3.39	4.36
Income from continuing operations (in dollars per share)	3.74	3.56	4.68
Loss on discontinued operations (in dollars per share)	-0.05	-0.2	-0.37
Net income per share - diluted (in dollars per share)	3.69	3.36	4.31