ESAB Corp
NYSE:ESAB
Income Statement
Earnings Waterfall
ESAB Corp
Revenue
|
2.8B
USD
|
Cost of Revenue
|
-1.8B
USD
|
Gross Profit
|
1B
USD
|
Operating Expenses
|
-576.1m
USD
|
Operating Income
|
439.7m
USD
|
Other Expenses
|
-235.9m
USD
|
Net Income
|
203.7m
USD
|
Income Statement
ESAB Corp
Dec-2021 | Apr-2022 | Jul-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||
Revenue |
2 428
N/A
|
2 508
+3%
|
2 539
+1%
|
2 554
+1%
|
2 594
+2%
|
2 630
+1%
|
2 689
+2%
|
2 750
+2%
|
2 775
+1%
|
|
Gross Profit | ||||||||||
Cost of Revenue |
(1 590)
|
(1 645)
|
(1 668)
|
(1 680)
|
(1 708)
|
(1 721)
|
(1 744)
|
(1 764)
|
(1 759)
|
|
Gross Profit |
838
N/A
|
863
+3%
|
872
+1%
|
874
+0%
|
886
+1%
|
909
+3%
|
945
+4%
|
985
+4%
|
1 016
+3%
|
|
Operating Income | ||||||||||
Operating Expenses |
(511)
|
(519)
|
(520)
|
(517)
|
(515)
|
(533)
|
(550)
|
(576)
|
(576)
|
|
Selling, General & Administrative |
(469)
|
(519)
|
(520)
|
(517)
|
(480)
|
(533)
|
(550)
|
(576)
|
(498)
|
|
Research & Development |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(39)
|
|
Depreciation & Amortization |
(42)
|
0
|
0
|
0
|
(36)
|
0
|
0
|
0
|
(40)
|
|
Operating Income |
327
N/A
|
343
+5%
|
351
+2%
|
357
+2%
|
370
+4%
|
375
+1%
|
395
+5%
|
410
+4%
|
440
+7%
|
|
Pre-Tax Income | ||||||||||
Interest Income Expense |
(1)
|
2
|
(6)
|
(19)
|
(41)
|
(58)
|
(69)
|
(77)
|
(96)
|
|
Non-Reccuring Items |
(19)
|
(26)
|
(30)
|
(34)
|
(39)
|
(39)
|
(36)
|
(31)
|
(24)
|
|
Total Other Income |
11
|
11
|
0
|
3
|
9
|
9
|
9
|
6
|
0
|
|
Pre-Tax Income |
319
N/A
|
331
+4%
|
315
-5%
|
308
-2%
|
300
-3%
|
287
-4%
|
299
+4%
|
308
+3%
|
319
+4%
|
|
Net Income | ||||||||||
Tax Provision |
(80)
|
(92)
|
(97)
|
(97)
|
(69)
|
(80)
|
(81)
|
(83)
|
(96)
|
|
Income from Continuing Operations |
239
|
239
|
218
|
211
|
231
|
207
|
218
|
224
|
223
|
|
Income to Minority Interest |
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(5)
|
(6)
|
(6)
|
(6)
|
|
Net Income (Common) |
235
N/A
|
233
-1%
|
210
-10%
|
201
-4%
|
222
+10%
|
199
-10%
|
210
+5%
|
215
+3%
|
204
-5%
|
|
EPS (Diluted) |
3.92
N/A
|
3.86
-2%
|
3.45
-11%
|
3.34
-3%
|
3.68
+10%
|
3.28
-11%
|
3.46
+5%
|
3.54
+2%
|
3.35
-5%
|