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CONSOLIDATED AND COMBINED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
CURRENT ASSETS:    
Cash and cash equivalents $ 249,358 $ 102,003
Trade receivables, less allowance for credit losses of $23,850 and $25,477 370,321 385,198
Inventories, net 403,711 392,858
Prepaid expenses 55,665 61,771
Other current assets 69,327 55,890
Total current assets 1,148,382 997,720
Property, plant and equipment, net 298,347 294,305
Goodwill 1,651,993 1,588,331
Intangible assets, net 487,993 499,535
Lease asset - right of use 89,859 95,607
Other assets 357,401 353,131
Total assets 4,033,975 3,828,629
CURRENT LIABILITIES:    
Current portion of long-term debt 15,000 0
Accounts payable 318,493 306,593
Accrued liabilities 298,558 313,489
Total current liabilities 632,051 620,082
Long-term debt 1,060,739 1,018,057
Other liabilities 532,936 542,833
Total liabilities 2,225,726 2,180,972
Equity:    
Common stock - $0.001 par value - Authorized 600,000,000; 60,517,574 and 60,295,634 shares issued and outstanding as of December 31, 2024 and December 31, 2023, respectively 61 60
Additional paid-in capital 1,901,337 1,881,054
Retained earnings 597,180 350,557
Accumulated other comprehensive loss (729,574) (624,272)
Total ESAB Corporation equity 1,769,004 1,607,399
Noncontrolling interest 39,245 40,258
Total equity 1,808,249 1,647,657
Total liabilities and equity $ 4,033,975 $ 3,828,629