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Segment Information
 12 Months Ended
Dec. 31, 2024
Segment Reporting [Abstract]  
Segment Information Segment Information
ESAB is a focused industrial compounder. Our rich history of innovating products, workflow solutions and our business system, EBX, enables our purpose of Shaping the world we imagineTM.. Our products include fabrication technology advanced equipment, consumables, gas control equipment, robotics and digital solutions. 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. We serve a global customer base across multiple markets through a combination of direct sales and third-party distribution channels. Our customer base is highly diversified in the industrial end markets.

The Company’s management considers its Chief Operating Decision Maker (“CODM”) as Shyam Kambeyanda, President, Chief Executive Officer and Director. The Company’s management and CODM evaluate the operating results of each reportable segments, including assessment of profit or loss, performance and allocation of resources, based upon Net sales and Adjusted EBITDA, which represents Net income from continuing operations excluding the impact of Income tax expense, Interest expense and other, net, Pension settlement loss (gain), Restructuring and other related charges, Separation costs, Acquisition - amortization and other related charges and Depreciation and other amortization. Segment results reflect the allocation of corporate overhead costs, which primarily consist of Selling, general and administrative expense.

The Company’s segment results are included in the table below.
Year Ended December 31,
202420232022
(In thousands)
Net sales(1):
Americas$1,176,745 $1,214,998 $1,128,306 
EMEA & APAC1,564,058 1,559,768 1,465,174 
$2,740,803 $2,774,766 $2,593,480 
Cost of sales:
Americas$711,082 $760,134 $752,641 
EMEA & APAC992,266 998,881 955,309 
$1,703,348 $1,759,015 $1,707,950 
Allocated corporate overhead operating expense:
Americas$64,517 $64,668 $55,328 
EMEA & APAC97,807 103,984 85,527 
$162,324 $168,652 $140,855 
Other operating expense:
Americas$161,946 $165,454 $131,760 
EMEA & APAC184,411 180,543 176,161 
$346,357 $345,997 $307,921 
Adjusted EBITDA(2):
Americas$239,200 $224,742 $188,577 
EMEA & APAC289,574 276,360 248,177 
$528,774 $501,102 $436,754 
Depreciation, amortization and other impairment charges:
Americas$31,193 $34,589 $29,281 
EMEA & APAC35,978 40,445 36,697 
$67,171 $75,034 $65,978 
Capital expenditures:
Americas$22,648 $21,576 $18,005 
EMEA & APAC29,131 26,602 22,238 
$51,779 $48,178 $40,243 
(1) For the years ended December 31, 2024, 2023 and 2022, the total Net sales originating from the United States were $595.6 million, $619.1 million and $583.0 million, respectively.
(2) The following is a reconciliation of Net income from continuing operations to Adjusted EBITDA:
Year Ended December 31,
202420232022
(In thousands)
Net income from continuing operations$293,057 $223,365 $231,081 
Income tax expense77,348 95,72769,170
Interest expense and other, net64,890 85,074 37,950 
Pension settlement loss (gain)12,155 — (9,136)
Restructuring and other related charges(1)
10,227 24,110 23,096 
Separation costs(2)
— — 15,545 
Acquisition - amortization and other related charges(3)
34,479 36,851 34,196 
Depreciation and other amortization36,618 35,975 34,852 
Adjusted EBITDA$528,774 $501,102 $436,754 
(1) Includes severance and other termination benefits, including outplacement services, as well as the cost of relocating associates, relocating equipment, lease termination expenses, impairment of long-lived assets and other costs in connection with the closure and optimization of facilities and product lines.
(2) Includes non-recurring charges and employee costs related to the planning and execution of the Separation within the Selling, general and administrative expense line within the Consolidated and Combined Statements of Operations.
(3) Includes transaction expenses, amortization of intangibles, fair value charges on acquired inventories and integration expenses.

December 31,
20242023
(In thousands)
Investments in equity method investees:
Americas$— $— 
EMEA & APAC28,885 30,633 
$28,885 $30,633 
Total assets:
Americas$1,796,167 $1,671,634 
EMEA & APAC2,237,808 2,156,995 
$4,033,975 $3,828,629 

December 31,
20242023
(In thousands)
Property, plant and equipment, net(1):
United States$73,036 $68,398 
Czech Republic55,554 60,948 
India31,506 31,258 
Mexico20,495 23,922 
Poland17,227 14,661 
Russia12,225 15,550 
Other foreign countries88,304 79,568 
$298,347 $294,305 
(1) As the Company does not allocate all long-lived assets, specifically intangible assets, to each individual country, evaluation of long-lived assets in total is impracticable.