ESAB ESAB LIFO expense amount
LIFO expense amount at other companies
Other financials
Where this comes from
Reported directly by ESAB in its filing.
Tagged under the XBRL concept esab:LIFOInventoryAmountExpense.
The source filing: ESAB’s 10-K, filed February 20, 2026.
- Filed
- Feb 20, 2026, 6:43 AM EST
- Fiscal year
- FY2025
- Accession
- 0001877322-26-000007
During the fourth quarter of 2024, the Company changed its inventory costing methodology from the last-in, first-out (“LIFO”) method to the FIFO method for a portion of its inventory. As of the year ended December 31, 2024, all inventory is valued under FIFO. The Company performed this change because it believes FIFO is preferable given it provides a more consistent method for valuing inventory across the Company, better matches costs with revenues, improves comparability with peers and better reflects the current value of inventory at the balance sheet date. The LIFO expense for the year ended December 31, 2023 was $2.1 million, which is not considered material to the Company’s financial statements. The Company recorded the pre-tax cumulative benefit related to this change in accounting principle of $4.3 million as a reduction of Cost of sales for the year ended December 31, 2024. Since these amounts are immaterial to all periods presented, the impact of this change was not retrospectively reflected in prior years.
Item 8. Financial Statements and Supplementary Data
FAQ
- What is ESAB's LIFO expense amount?
- ESAB (ESAB) reported LIFO expense amount of $2.1M in Q4 2023.
- What does LIFO expense amount mean?
- LIFO expense amount as reported by ESAB Corporation.
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