ESAB 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 July 30, 2026, there were 62,167,810 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 Flows7Notes to Consolidated and Condensed Financial Statements7Note 1. Organization and Basis of Presentation8Note 2. Discontinued Operations9Note 3. Acquisitions9Note 4. Revenue12Note 5. Earnings per Share from Continuing Operations13Note 6. Income Taxes13Note 7. Inventories, Net13Note 8. Accrued and Other Liabilities13Note 9. Debt15Note 10. Derivatives16Note 11. Financial Instruments and Fair Value Measurements18Note 12. Equity19Note 13. Commitments and Contingencies23Note 14. Segment Information25Note 15. Subsequent Event27Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations28Item 3. Quantitative and Qualitative Disclosures About Market Risk43Item 4. Controls and Procedures44 PART II - OTHER INFORMATION 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 providing technologiesthat enable the fabrication, control, inspection and monitoring of critical products and infrastructure. The portfolio includes welding andcutting systems, consumables, gas control equipment, automation and robotics, digital software and advanced inspection technologiesacross a variety of sectors. The Company’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 conducts itsoperations through two reportable segments. These segments consist of the “Americas,” which includes operations in North America andSouth America, 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 second quarter ends on the last business day of the 13complete weekafter the end of the prior quarter. As used herein, the second quarter results for 2026 and 2025 refer to the 13-week periods ended July3,2026 and July4, 2025, respectively.th Eddyfi Acquisition On June 1, 2026, ESAB completed its previously announced acquisition of Eddyfi Holding Inc. (“Eddyfi”), a global leader inadvanced inspection and monitoring technologies, incorporated under the laws of the Province of Québec. See Note 3, “Acquisitions” forfurther information. 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 and six months ended July 3, 2026, Russia representedapproximately 5% of the Company’s Net sales and contributed $1.3million and $(0.1)million to the Company’s Net income, respectively.Russia also has approximately 4% of the Company’s total net assets as of July3, 2026, including approximately $50 million of Cash andcash equivalents that have been, and may continue to be, subject to delays in withdrawing from Russia, based upon the currentenvironment at that time. In case of the disposition of the Russia business, a portion of goodwill would nee