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ESAB Price Correlated With Financials For ESAB

Free historical financial statements for ESAB Corp. See how revenue, income, cash flow, and balance sheet financials have changed over 3 quarters since 2022. Compare with ESAB stock chart to see long term trends.

ESAB Stock Compared to Quarterly

ESAB Income Statement

Revenue, Net:620265000
Revenue Per Share:10.3246
Cost of Goods & Services Sold:410927000
Gross Profit:209338000
Selling, General & Admin Expense:121668000
Research & Development Expense:8000000
Operating Income:80994000
Income Taxes:17836000
Net Income:53316000
Earnings Per Share, Basic:0.88
Shares Outstanding, Basic Avg:60076559

ESAB Cash Flow

Operating Activities Net Income:
Depreciation, Depletion & Amortization:15627000
Change in Accounts Receiveable:-10291000
Net Cash from Operations:79505000
Net Cash from Operations Per Share:1.3234
Cash Dividends Paid:3029000
Net Cash from Financing Activities:-52787000
Property, Plant & Equipment Purchases:8305000
Purchases of Businesses, Net of Cash:0
Net Cash from Investing Activities:-7341000
Net Change in Cash & Equivalents:7159000

ESAB Balance Sheet

Cash and Cash Equivalents:60634000
Accounts Receivable, Net:359956000
Inventories:446531000
Total Current Assets:987996000
Property, Plant & Equipment, Net:265185000
Total Assets:3539903000
Accounts Payable:320179000
Total Short-Term Liabilities:610582000
Long Term Debt, Non-Current Portion:1132415000
Total Liabilities:2292378000

Insider Trading

 
Change
Value
Transaction
SEC Form 4
RALES MITCHELL P   Director
500,000 sh at $40
$20,000,000
Buy

Major Holders (from 13F filings)

Investment Type
Change
Value (x$1000)
increase or decrease
Vanguard Group Inc
4,826,059 sh
-216,610 sh
-4%
$160,998
-$59,619
Cooke & Bieler Lp
4,345,528 sh
789,494 sh
22%
$144,967
-$10,609
Blackrock Inc.
3,851,288 sh
70,560 sh
2%
$128,480
-$36,927
Diamond Hill Capital Management Inc
2,988,199 sh
578,482 sh
24%
$99,686
-$5,739
Dimensional Fund Advisors LP
2,018,394 sh
-42,353 sh
-2%
$67,333
-$22,824
FMR LLC
1,323,621 sh
332,855 sh
34%
$44,156
$810
State Street Corp
1,230,524 sh
-6,724 sh
-1%
$41,111
-$13,080
Cardinal Capital Management LLC /CT
1,186,812 sh
1,186,812 sh
NEW
$39,592
$39,592
Timessquare Capital Management, LLC
1,175,510 sh
374,300 sh
47%
$39,215
$4,162
American Century Companies Inc
1,021,952 sh
42,204 sh
4%
$34,092
-$8,772
Royce & Associates Lp
879,798 sh
87,535 sh
11%
$29,350
-$5,312
Principal Financial Group Inc
812,049 sh
-50,901 sh
-6%
$27,090
-$10,664
Massachusetts Financial Services Co /Ma/
805,431 sh
69,859 sh
9%
$26,869
-$5,312
Geode Capital Management, LLC
597,212 sh
-4,659 sh
-1%
$19,922
-$6,409
River Road Asset Management, LLC
588,241 sh
21,184 sh
4%
$19,624
-$5,185
Davenport & Co LLC
573,596 sh
-2,888 sh
-1%
$19,149
-$6,073
Citadel Advisors LLC
496,515 sh
489,177 sh
6666%
$16,564
$16,243
Eagle Asset Management Inc
492,831 sh
7,758 sh
2%
$16,440
-$4,781
Sasco Capital Inc / Ct/
492,184 sh
67,070 sh
16%
$16,419
-$2,180
Td Asset Management Inc
461,938 sh
 
$15,415
COMPANY PROFILE
Organization and Basis of Presentation ESAB Corporation (“ESAB” or the “Company”) is a world leader in fabrication and specialty gas control technology, providing our partners with advanced equipment, consumables, specialty gas control, robotics, and digital solutions, which enable the everyday and extraordinary work that shapes our world. 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 fiscal year ends December 31. The Company’s first three quarters end on the last business day of the 13 th week after the end of the prior quarter. As used herein, the first quarter results for 2022 and 2021 refer to the 13-week periods ended April 1, 2022 and April 2, 2021, respectively.

On April 4, 2022, Colfax Corporation (“Colfax” or the “Parent”) completed the spin-off of Colfax’s Fabrication Technology business and certain other corporate entities as described below, through a tax-free, pro rata distribution (the “Distribution”) of 90% of the outstanding common stock of ESAB to Colfax stockholders (the “Separation”). Upon completion of the Distribution, Colfax changed its name to Enovis Corporation (“Enovis”) and continued to hold 10% of the outstanding common stock of ESAB. Refer to “Note 14. Subsequent Events” for additional information regarding the Separation.

ESAB Corporation, which was incorporated on May 19, 2021, became the new ultimate parent company for Parent’s Fabrication Technology business during the three months ended April 1, 2022.

The Company has historically operated as part of the Parent and not as a stand-alone company. The financial statements have been derived from the Parent’s historical accounting records and are presented on a carve-out basis for all historical periods included. All revenues and costs as well as assets and liabilities directly associated with the business activity of the Company are included as a component of the financial statements. The financial statements also include allocations of certain general and administrative expenses from the Parent’s corporate office. The allocations have been determined on a reasonable basis; however, the amounts are not necessarily representative of the amounts that would have been reflected in the financial statements had the Company been an entity that operated independently of the Parent during the applicable period. Related party cost allocations are discussed further in Note 13, “Related Party Transactions.”

In addition, on March 23, 2022, the 1,000 shares of ESAB common stock then held by Colfax, representing all outstanding shares of ESAB common stock as of that date, were recapitalized into 60,034,311 shares of ESAB common stock held by Colfax. All per share amounts in the Combined Condensed Statement of Operations have been retroactively adjusted to give effect to this recapitalization.

On January 31, 2022, and in anticipation of the Separation, all remaining legal entities which were part of the Fabrication Technology segment of Colfax along with certain entities that were part of the Corporate segment of Colfax became subsidiaries of ESAB through a legal entity restructuring. This reorganization resulted in the inclusion of the following items in ESAB for the period ending April 1, 2022:

• Certain operating entities that form the historical Fabrication Technology business.

• Certain entities which historically have been a part of Colfax's Corporate reportable segment, including components of the Colfax tax, treasury, legal, human resources and other finance functions that served the entirety of Colfax.

• Certain entities relating to the Parent’s previously divested Fluid Handling and Air an

Data imported from ESAB Corp SEC filings. Check original filings before making any investment decision.