Esco Technologies Inc Stock Price, News & Analysis

ESCO Technologies reported strong Q4 and FY 2022 results, with GAAP EPS at $1.19, a 53% increase year-over-year, and total FY sales rising 20% to $858 million. Q4 sales grew 25% to $256 million, driven by organic growth and acquisitions. Operating cash flow reached $135 million, and year-end backlog hit a record $695 million. The company anticipates FY 2023 sales growth of 6-8%, with Adjusted EPS projected to increase by 7.5-12%. A leadership transition is also underway as Bryan Sayler will assume the role of CEO in 2023.

Doble Engineering Company has launched its Calisto Cable Condition Monitoring solutions, designed for high and medium voltage cables. This innovative technology provides near real-time data on cable health, helping power and utility teams enhance safety and reliability while reducing operational costs. The system monitors key parameters such as partial discharge, temperature, and vibration. According to Jay Ganson, the Systems Solution Director, insulation breakdown is a primary cause of electrical failures, and these solutions aim to significantly minimize such risks.

ESCO Technologies Inc. (NYSE:ESE) will release its fourth quarter and full year financial results on November 17, 2022, after market close. A conference call will follow at 4:00 p.m. Central Time, where results and commentary will be discussed. The call's webcast and a presentation will be available on ESCO's investor website. The company, based in St. Louis, provides engineered products for various markets including aviation, Navy, and renewable energy. They lead in RF shielding and EMC testing products.

Doble Engineering Company has launched the Doble PowerBase™ Web Viewer, enhancing access to critical maintenance and engineering records for power and utility teams. This web-based platform allows field technicians and supervisors to view essential data from anywhere without additional licensing. Key features include synchronized data updates, a user-friendly interface, and the ability to manage lifecycle maintenance records. The enhancement is available to customers with active annual maintenance and support, with additional functionalities planned for future releases.

ESCO Technologies Inc. (NYSE:ESE) announced the retirement of Vic Richey as CEO and President, effective December 31, 2022. He will remain Executive Chairman. Bryan Sayler, currently President of the Utility Solutions Group, will take over as CEO and President on January 1, 2023. Richey, serving for 20 years, transformed ESCO into a leader in engineering products and solutions across diverse industries. Sayler's leadership since 2016 in the Utility Solutions Group has been marked by strategic growth, including renewables and successful acquisitions.

Doble Engineering Company announced the launch of the Calisto R9 Dissolved Gas Analysis (DGA) Monitor, which features innovative technology for accurate gas measurements with minimal maintenance costs. The monitor uses a U.S.-patented water vapor calibration system, enhancing reliability and operational efficiency. It reports hourly readings of key transformer fault gases using advanced methods, ensuring early fault detection and improved asset management. Production will occur in a new facility in Montréal, Canada, with comprehensive after-sales support from Doble's international network.

ESCO Technologies reported strong Q3 2022 results with GAAP EPS of $0.89, a 56% increase from $0.57 in Q3 2021. Sales rose 21% to $219 million, driven by a 13.8% organic sales growth and 7.0% from acquisitions. The company achieved $255 million in orders for a book-to-bill ratio of 1.16x, leading to a record backlog of $707 million. Adjusted EPS for Q4 is projected between $1.12 to $1.18, indicating confidence in ongoing growth.

ESCO Technologies Inc. (NYSE:ESE) is set to announce its third-quarter financial results on August 8, 2022, after market close. A conference call will follow at 4:00 p.m. Central Time, where detailed financial discussions will take place. Investors can access a live webcast and accompanying slide presentation on the company’s investor website. ESCO specializes in manufacturing engineered filtration and fluid control products for various markets, including aviation and defense, and is a leader in RF shielding and EMC testing.

Doble Engineering Company has launched the F6880 Digital Network Analyzer, a compact tool designed to assist power and utility engineers in troubleshooting IEC 61850 digital substations. The F6880 helps identify issues in Intelligent Electronic Device (IED) communications by monitoring signal quality and network performance. It features real-time event visualization and logging capabilities, making it effective for design, commissioning, and maintenance tasks. By streamlining troubleshooting processes, the F6880 supports the industry's shift towards advanced substation automation.