Earnings per Share from Continuing Operations

12 Months Ended

Dec. 31, 2024

Earnings per Share from Continuing Operations

The Company has unvested share-based payment awards with a right to receive non-forfeitable dividends that are considered participating securities. The table below summarizes how the Company allocates earnings to participating securities and computed earnings per share using the two-class method.


	Year Ended December 31,
	2024		2023		2022
	(In thousands, except share and per share data)
Computation of earnings per share from continuing operations – basic:
Income from continuing operations attributable to ESAB Corporation(1)	$	287,151	$	217,626	$	226,815
Less: distributed and undistributed earnings allocated to nonvested shares	(1,370)		(1,555)		(1,600)

Income from continuing operations attributable to common stockholders	$	285,781	$	216,071	$	225,215
Weighted-average shares of Common stock outstanding – basic	60,427,743		60,233,623		60,054,930
Income per share from continuing operations – basic	$	4.73	$	3.59	$	3.75
Computation of earnings (loss) per share from continuing operations – diluted:



Income from continuing operations attributable to common stockholders	$	285,781	$	216,071	$	225,215
Weighted-average shares of Common stock outstanding – basic	60,427,743		60,233,623		60,054,930
Net effect of potentially dilutive securities(2)	674,320		422,123		98,129
Weighted-average shares of Common stock outstanding – dilution	61,102,063		60,655,746		60,153,059
Net income per share from continuing operations – diluted	$	4.68	$	3.56	$	3.74

(1) Net income from continuing operations attributable to ESAB Corporation for the respective periods is calculated using Net income from continuing operations, less Income attributable to noncontrolling interest, net of taxes, of $5.9 million, $5.7 million and $4.3 million for the years ended December 31, 2024, 2023 and 2022, respectively.

(2) Potentially dilutive securities include stock options, performance-based restricted stock units and non performance-based restricted stock units.