ESAB Corp 2026年季度报告

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T(§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes☑No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerginggrowth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of theExchange Act. Large accelerated filer☑Accelerated filer☐Non-accelerated filer☐ Smaller reporting company☐Emerging growth company☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revisedfinancial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).Yes☐No☑ As of April 28, 2026, there were 60,881,712 shares of the registrant’s common stock, par value $0.001 per share, outstanding. TABLE OF CONTENTS PagePART I - FINANCIAL INFORMATIONItem 1. Financial Statements2Consolidated and Condensed Statements of Operations2Consolidated and Condensed Statements of Comprehensive Income3Consolidated and Condensed Balance Sheets4Consolidated and Condensed Statements of Equity5Consolidated and Condensed Statements of Cash Flows6Notes to Consolidated and Condensed Financial Statements6Note 1. Organization and Basis of Presentation7Note 2. Discontinued Operations8Note 3. Acquisitions8Note 4. Revenue10Note 5. Earnings per Share from Continuing Operations10Note 6. Income Taxes11Note 7. Inventories, Net11Note 8. Accrued and Other Liabilities11Note 9. Debt12Note 10. Derivatives14Note 11. Financial Instruments and Fair Value Measurements15Note 12. Equity17Note 13. Commitments and Contingencies19Note 14. Segment Information21Note 15. Subsequent Event22Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations23Item 3. Quantitative and Qualitative Disclosures About Market Risk36Item 4. Controls and Procedures37 PART II - OTHER INFORMATION ESAB CORPORATIONCONSOLIDATED AND CONDENSED STATEMENTS OF OPERATIONSDollars in thousands, except per share amounts(Unaudited) ESAB CORPORATIONCONSOLIDATED AND CONDENSED STATEMENTS OF COMPREHENSIVE INCOMEDollars in thousands(Unaudited) See Notes to Consolidated and Condensed Financial Statements. See Notes to Consolidated and Condensed Financial Statements. ESAB CORPORATIONCONSOLIDATED AND CONDENSED STATEMENTS OF CASH FLOWSDollars inthousands(Unaudited) ESAB CORPORATIONNOTES TO CONSOLIDATED AND CONDENSED FINANCIAL STATEMENTS(Unaudited) 1. Organization and Basis of Presentation Founded in 1904, ESAB Corporation (“ESAB” or the “Company”) is a focused premier industrial compounder. ESAB provides itspartners with fabrication technology advanced equipment, consumables, gas control equipment, robotics and digital solutions. TheCompany’s rich history of innovative products, workflow solutions and its business management system, ESAB Business Excellence(“EBXai”), enables the Company’s purpose ofShaping the world we imagine. The Company’s products are utilized to solve challengesin a wide range of industries, including cutting, joining and automated welding and gas control. The Company conducts its operationsthrough two reportable segments. These segments consist of the “Americas,” which includes operations in North America and SouthAmerica, and “EMEA & APAC,” which includes Europe, the Middle East, India, Africa and Asia Pacific.TM The Company’s fiscal year ends December 31. The Company’s first quarter ends on the last business day of the 13complete weekafter the end of the prior quarter. As used herein, the first quarter results for 2026 and 2025 refer to the 13-week periods ended April3,2026 and April4, 2025, respectively.th Russia and Ukraine Conflict The invasion of Ukraine by Russia and the sanctions imposed in response have increased the level of economic and politicaluncertainty. While ESAB continues to closely monitor the situation and evaluate options, the Company is meeting current contractualobligations while addressing applicable laws and regulations. For the three months ended April 3, 2026, Russia represented approximately4% of the Company’s Net sales and contributed approximately $1 million of net losses to the Company’s Net income. Russia also hasapproximately 5% of the Company’s total net assets as of April3, 2026, including approximately $42 million of Cash and cash equivalentsthat may be subject to delays in withdrawing from Russia, based upon the current environment at that time. In case of the disposition of theRussia business, a portion of goodwill would need