Welcome to our dedicated page for ESCO Technologies news (Ticker: ESE), a resource for investors and traders seeking the latest updates and insights on ESCO Technologies stock.
ESCO Technologies, Inc. (NYSE: ESE) is a global provider of engineered products and systems catering to industrial and commercial markets. Headquartered in St. Louis, Missouri, the company operates through three primary segments: Aerospace & Defense, Utility Solutions Group (USG), and RF Shielding and Test (Test).
The Aerospace & Defense segment specializes in designing and manufacturing filtration products such as hydraulic filter elements and fluid control devices used in commercial aerospace applications. It also produces filtration mechanisms for micro-propulsion devices in satellites and customized filters for manned aircraft and submarines. Additionally, this segment develops elastomeric-based signature reduction solutions for U.S. naval vessels and mission-critical components for aerospace and defense industries.
The Utility Solutions Group (USG) provides diagnostic testing solutions that allow electric power grid operators to evaluate the integrity of their systems. This segment addresses the increasing need to update and maintain the aging U.S. electric grid, while also supporting the transition to clean energy.
The RF Shielding and Test segment delivers comprehensive solutions for identifying, measuring, and containing magnetic, electromagnetic, and acoustic energy. It offers customers the ability to manage these energies effectively, ensuring both safety and compliance with industry standards.
In recent financial updates, ESCO Technologies reported strong performance, including a 14% increase in Q3 sales to $249 million and a 14% rise in adjusted EPS to $1.09. The company also repurchased shares and declared a quarterly dividend, reflecting its commitment to delivering value to shareholders.
Moreover, ESCO is involved in significant projects and acquisitions, such as the recent acquisition of MPE Limited, broadening its reach in the EMC/EMP filters market. With a robust pipeline of orders and a strong backlog, ESCO continues to exhibit growth potential across its diversified segments.
For more details, visit the ESCO Technologies website.
ESCO Technologies reported strong Q4 and fiscal 2024 results, with Q4 sales increasing 9.5% to $299 million and full-year sales growing 7.4% to $1.03 billion. Q4 GAAP EPS rose 6.5% to $1.32, while adjusted EPS increased 16.8% to $1.46. For FY2024, GAAP EPS grew 10.1% to $3.94, and adjusted EPS rose 13% to $4.18. The company achieved record backlog of $879 million, with entered orders up 9.7% to $1.1 billion for the year. Operating cash flow improved to $128 million for FY2024. The company expects 6-8% sales growth and 12-17% adjusted EPS growth for FY2025.
ESCO Technologies (NYSE:ESE) has announced its fourth quarter 2024 financial results release and conference call, scheduled for Thursday, November 14, 2024, after market close. The conference call will begin at 4:00 p.m. Central Time and will include a webcast with accompanying slide presentation available through the company's Investor Center website.
ESCO Technologies is a global provider of highly engineered products specializing in filtration and fluid control for aviation, Navy, and space markets, composite-based solutions for defense, and RF test and measurement products. The company also serves industrial power users and the electric utility sector with diagnostic instruments and services.
ESCO Technologies Inc. (NYSE: ESE) reported strong Q3 2024 results with notable growth in orders and sales. Key highlights include:
- Q3 orders increased 46% to $312 million (book-to-bill of 1.20x)
- Q3 sales grew 5% to $261 million
- Q3 GAAP EPS rose 5% to $1.13
- Q3 Adjusted EPS increased 6% to $1.16
The company saw strength across all three segments, with significant order growth in Navy, aerospace, and utility markets. ESCO updated its full-year 2024 guidance, expecting Adjusted EPS in the range of $4.10 to $4.20 (11-14% growth) and sales between $1.02-$1.03 billion (7-8% growth). The company also announced a strategic review of its VACCO Space business and the addition of two new independent directors to its board.
ESCO Technologies Inc. (NYSE:ESE), a global provider of highly engineered products and solutions, has announced its third quarter 2024 earnings release and conference call. The company will report its financial results after market close on Wednesday, August 7, 2024, followed by a conference call at 4:00 p.m. Central Time.
Investors can access the webcast and accompanying slide presentation through ESCO's website Investor Center or via a provided registration link. A replay will be available after the call. ESCO serves diverse end-markets, including aviation, Navy, space, process, defense, industrial, electric utility, and renewable energy sectors.
ESCO Technologies (NYSE: ESE) announced the acquisition of Signature Management & Power from Ultra Maritime for $550 million. The acquisition will be funded through a combination of cash and debt. Signature Management & Power provides critical naval defense solutions, including signature and power management systems for submarines and surface ships in the US and UK markets. The acquisition is expected to generate $175 million in revenue in 2024, with higher EBITDA margins compared to ESCO's existing Aerospace & Defense segment. This move aligns with ESCO's strategy to shift towards high-margin, high-growth end-markets and expands its footprint in international defense markets.
ESCO Technologies (NYSE: ESE) announced that Chris Tucker, Senior VP & CFO, will join a fireside chat at the Wells Fargo Industrial Conference on June 12, 2024. The chat starts at 2:15 Central Time and will be webcasted on ESCO's Investor Center. ESCO provides highly engineered products and solutions for aviation, Navy, space, and process markets. It also designs RF test and measurement products and diagnostic instruments for the industrial power and renewable energy sectors. Headquartered in St. Louis, ESCO operates globally with offices and manufacturing facilities worldwide.
ESCO Technologies Inc. reported strong Q2 2024 results with a 9% increase in sales to $249 million. GAAP EPS increased by 30% to $0.90 and Adjusted EPS by 24% to $0.94. The Aerospace & Defense segment saw a 16% sales growth while the Utility Solutions Group and RF Test & Measurement segments also showed positive performance. The company maintained its full-year adjusted earnings per share guidance in the range of $4.15 to $4.30, indicating double-digit growth for the third consecutive year.
FAQ
What is the current stock price of ESCO Technologies (ESE)?
What is the market cap of ESCO Technologies (ESE)?
What are the primary business segments of ESCO Technologies, Inc.?
What types of products does ESCO's Aerospace & Defense segment provide?
What services does the Utility Solutions Group (USG) offer?
What does the RF Shielding and Test segment do?
How did ESCO perform in its recent financial results?
Has ESCO made any recent acquisitions?
What is ESCO's approach to shareholder value?
Where is ESCO Technologies headquartered?
How can I learn more about ESCO Technologies?
What is ESCO’s outlook for the future?
