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. (ESE) provides engineered solutions for aerospace, defense, utilities, and industrial markets through three core segments. This page serves as the definitive source for all official company news, offering investors and professionals timely updates on strategic developments.
Access curated press releases and announcements covering earnings reports, product innovations, defense contracts, and utility sector advancements. Our repository ensures you stay informed about ESE's filtration systems, RF shielding technologies, and diagnostic testing solutions without speculative commentary.
Bookmark this page for direct access to primary-source updates on operational milestones, leadership changes, and market expansions. Check regularly for new developments impacting ESE's position in aerospace, energy infrastructure, and electromagnetic testing industries.
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.
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