Industrials › General Industrial Machinery & Equipment, NEC
ESAB Stock Price Correlated With ESAB Financials
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Income Statement
Cash Flow
Balance Sheet
ESAB Income Statement
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Revenue, Net:
Cost of Goods & Services Sold:
Gross Profit:
Selling, General & Admin Expense:
Research & Development Expense:
Total Operating Expenses:
Operating Income:
Income Taxes:
Net Income:
ESAB Cash Flow
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Operating Activities Net Income:
Depreciation, Depletion & Amortization:
Change in Accounts Receiveable:
Net Cash from Operations:
Repurchases/Buybacks Common Stock:
Issuance of Long-term Debt:
Cash Dividends Paid:
Net Cash from Financing Activities:
Property, Plant & Equipment Purchases:
Purchases of Businesses, Net of Cash:
Net Cash from Investing Activities:
Net Change in Cash & Equivalents:
ESAB Balance Sheet
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Cash and Cash Equivalents:
Short-Term Investments:
Accounts Receivable, Net:
Inventories:
Total Current Assets:
Property, Plant & Equipment, Net:
Total Assets:
Accounts Payable:
Current Portion of Long-Term Debt:
Total Short-Term Liabilities:
Long Term Debt, Non-Current Portion:
Total Long-Term Liabilities:
Total Liabilities:
Major Holders (from 13F filings)
Investment Type
Change
Value (x$1000)
increase or decrease
Vanguard Group
5,514,579 sh
-116,439 sh
-2%
-2%
$366,941
$34,317
Blackrock.
4,474,966 sh
55,034 sh
1%
1%
$297,764
-$207,085,444
Price T Rowe Associates /Md/
3,318,290 sh
772,334 sh
30%
30%
$221
$70
Cooke & Bieler Lp
3,015,299 sh
-856,954 sh
-22%
-22%
$200,638
-$28,096
FMR
2,325,791 sh
178,686 sh
8%
8%
$154,757
$27,927
Diamond Hill Capital Management
2,211,763 sh
-222,588 sh
-9%
-9%
$147,171
$3,374
Dimensional Fund Advisors
2,102,992 sh
84,598 sh
4%
4%
$139,931
$72,598
Neuberger Berman Group
1,781,662 sh
1,344,415 sh
307%
307%
$118,552
-$20,397,078
State Street
1,469,364 sh
-6,003 sh
0%
0%
$97,860
$10,637
Alliancebernstein
1,366,118 sh
-37,238 sh
-3%
-3%
$90,901
$8,005
Invesco.
1,100,141 sh
563,024 sh
105%
105%
$73,203
-$25,128,327
Timessquare Capital Management
970,316 sh
-291,710 sh
-23%
-23%
$64,565
-$9,983
Royce & Associates Lp
806,835 sh
-16,895 sh
-2%
-2%
$53,687
$5,029
Geode Capital Management
781,409 sh
47,733 sh
7%
7%
$51,995
$8,657
Massachusetts Financial Services /Ma/
765,213 sh
32,414 sh
4%
4%
$50,917
$7,631
Davenport & Co
752,405 sh
28,981 sh
4%
4%
$49,835
$7,471
Principal Financial Group
651,331 sh
-160,053 sh
-20%
-20%
$43,340
-$4,589
Northernrp
589,373 sh
33,992 sh
6%
6%
$39,216
$6,409
Eagle Asset Management
567,682 sh
8,155 sh
1%
1%
$37,774
$4,723
Bank Of New York Mellon
514,728 sh
-12,574 sh
-2%
-2%
$34,249
$3,102
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
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
Free historical financial statements for ESAB Corp. See how revenue, income, cash flow, and balance sheet financials have changed over 6 quarters since 2022. Compare with ESAB stock chart to see long term trends.
Data imported from ESAB Corp SEC filings. Check original filings before making any investment decision.