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ESCO Technologies Inc. - ESE STOCK NEWS

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.

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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.

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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.

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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.

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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.

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ESCO Technologies Inc. (NYSE:ESE) will release its second-quarter financial results on May 9, 2024, followed by a conference call to discuss the results. ESCO is a global provider of engineered products for various industries, including aviation, Navy, space, and process markets.
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ESCO Technologies Inc. (NYSE: ESE) President & CEO to present at Sidoti Virtual Investor Conference. ESCO is a global provider of engineered products for various markets.
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ESCO Technologies Inc. (NYSE: ESE) reported a 6% increase in Q1 sales to $218 million, with orders reaching $294 million. The GAAP EPS was $0.59, and the adjusted EPS was $0.62. The company's CEO highlighted strong orders, particularly in aerospace and defense, resulting in a record backlog of almost $850 million. Segment performance showed significant growth in Aerospace & Defense and Utility Solutions Group, while RF Test & Measurement experienced a decline. The company also provided positive business outlook for 2024, with an expected 12-16% growth in full year guidance.
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ESCO Technologies Inc. (NYSE:ESE) will report its first quarter financial results on February 8, 2024, followed by a conference call to discuss the results. ESCO is a global provider of highly engineered products and solutions serving diverse end-markets, including filtration and fluid control products, composite-based products, RF test and measurement products, and diagnostic instruments for industrial power users and the electric utility and renewable energy industries.
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Doble Engineering (Ticker: DOBL) collaborates with Maschinenfabrik Reinhausen GmbH (MR) to offer the Calisto® R9 Dissolved Gas Analysis (DGA) monitor, combining infrared gas measurements with automated on-board calibration using water vapor. This collaboration allows MR to act as a re-seller of the Calisto R9, providing early fault detection and lifetime-accurate DGA diagnostics to asset managers worldwide. The industry-first U.S.-patented system delivers accurate gas readings over the long haul without the maintenance costs associated with consumable gas cylinders. The integration of the Calisto R9 and MR's ETOS® system brings two groundbreaking products together, catering to the growing demand for digitization and monitoring of power transformers.
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ESCO Technologies Inc. (NYSE: ESE) reported a strong performance in FY 2023, with a sales increase of 11% to $956 million and entered orders surpassing $1 billion. Q4 2023 saw a 6% sales increase to $273 million, and GAAP EPS of $1.24, with adjusted EPS at $1.25. The company also reported a record year-end backlog of $772 million.
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FAQ

What are the primary business segments of ESCO Technologies, Inc.?

ESCO operates through three segments: Aerospace & Defense, Utility Solutions Group (USG), and RF Shielding and Test.

What types of products does ESCO's Aerospace & Defense segment provide?

It provides filtration products, elastomeric-based signature reduction solutions, and mission-critical components for aerospace and defense applications.

What services does the Utility Solutions Group (USG) offer?

USG provides diagnostic testing solutions to help electric power grid operators assess the integrity of their systems.

What does the RF Shielding and Test segment do?

This segment offers solutions for identifying, measuring, and containing magnetic, electromagnetic, and acoustic energy.

How did ESCO perform in its recent financial results?

In Q3 2023, ESCO reported a 14% increase in sales to $249 million and a 14% rise in adjusted EPS to $1.09.

Has ESCO made any recent acquisitions?

Yes, ESCO recently acquired MPE Limited, enhancing its capabilities in the EMC/EMP filters market.

What is ESCO's approach to shareholder value?

ESCO has a share repurchase program and pays quarterly dividends, reflecting its commitment to delivering value to shareholders.

Where is ESCO Technologies headquartered?

ESCO is headquartered in St. Louis, Missouri.

How can I learn more about ESCO Technologies?

You can visit their official website at https://www.escotechnologies.com for more information.

What is ESCO’s outlook for the future?

ESCO expects continued growth across its segments, driven by strong order pipelines and strategic acquisitions.

ESCO Technologies Inc.

NYSE:ESE

ESE Rankings

ESE Stock Data

2.69B
25.75M
1.52%
97.4%
1.1%
Other Communications Equipment Manufacturing
Manufacturing
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United States of America
ST LOUIS