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Segment Information
 3 Months Ended
Mar. 31, 2023
Segment Reporting [Abstract]  
Segment Information Segment Information
ESAB is a world leader in connected fabrication technology and gas control solutions, ESAB provides its partners with advanced equipment, consumables, gas control equipment, robotics, and digital solutions. 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 management evaluates the operating results of each of its reportable segments based upon Net sales and Adjusted EBITDA, which represents Net income from continuing operations excluding the impact of Income tax expense, Interest expense (income) and other, net, Restructuring and other related charges, separation costs, acquisition - amortization and other related charges, and depreciation and other amortization.

The Company’s segment results were as follows:
Three Months Ended
March 31, 2023April 1, 2022
(In thousands)
Net sales:
     Americas$291,569 $272,325 
EMEA & APAC392,431 375,586 
$684,000 $647,911 
Adjusted EBITDA (1):
     Americas$49,442 $43,985 
EMEA & APAC68,547 65,282 
$117,989 $109,267 
(1) The following is a reconciliation of Net income from continuing operations to Adjusted EBITDA.
Three Months Ended
March 31, 2023April 1, 2022
(In thousands)
Net income from continuing operations$34,129 $58,424 
Income tax expense 37,024 25,746 
Interest expense (income) and other, net(1)
19,510 (488)
Restructuring and other related charges9,444 5,304 
Separation costs(2)
— 3,629 
Acquisition - amortization and other related charges(3)
9,289 7,680 
Depreciation and other amortization8,593 8,972 
Adjusted EBITDA$117,989 $109,267 
(1) Relates to removal of interest expense, net included within the Interest expense (income) and other, net line within the Consolidated and Combined Condensed Statements of Operations.
(2) Includes non-recurring charges and employee costs related to the planning and execution of the separation from Enovis within the Selling, general and administrative expense line within the Consolidated and Combined Condensed Statements of Operations.
(3) Includes transaction expenses, amortization of intangibles, fair value charges on acquired inventories and integration expenses.