Earnings per Share from Continuing Operations

12 Months Ended

Dec. 31, 2025

Earnings per Share from Continuing Operations

The Company has unvested share-based payment awards with a right to receive non-forfeitable dividends that are considered participating securities. The Company allocates earnings to participating securities and computed earnings per share using the two-class method as follows:


	Year Ended December 31,
	2025		2024		2023
	(In thousands, except share and per share data)
Computation of earnings per share from continuing operations – basic:
Income from continuing operations attributable to ESAB Corporation(1)	$	252,637	$	287,151	$	217,626
Distributed and undistributed earnings allocated to nonvested shares	(1,218)		(1,370)		(1,555)

Income from continuing operations attributable to common stockholders	$	251,419	$	285,781	$	216,071
Weighted-average shares of Common stock outstanding – basic	60,680,448		60,427,743		60,233,623
Income per share from continuing operations – basic	$	4.14	$	4.73	$	3.59
Computation of earnings per share from continuing operations – diluted:



Income from continuing operations attributable to common stockholders	$	251,419	$	285,781	$	216,071
Weighted-average shares of Common stock outstanding – basic	60,680,448		60,427,743		60,233,623
Net effect of potentially dilutive securities(2)	585,846		674,320		422,123
Weighted-average shares of Common stock outstanding – dilution	61,266,294		61,102,063		60,655,746
Net income per share from continuing operations – diluted	$	4.10	$	4.68	$	3.56

(1) Net income from continuing operations attributable to ESAB Corporation for the respective periods is calculated using Net income from continuing operations, less Income attributable to noncontrolling interest, net of taxes, of $6.5 million, $5.9 million and $5.7 million for the years ended December 31, 2025, 2024 and 2023, respectively.

(2) Potentially dilutive securities include stock options, performance-based restricted stock units and nonperformance-based restricted stock units.

ESAB Corp 10-K