ESCO Technologies Inc. reports news on a diversified engineered-products business serving utility, industrial, aerospace, Navy, renewable energy, and commercial markets. The company operates through Aerospace & Defense, Utility Solutions Group, and RF Test & Measurement activities, with products that include filtration and fluid control components, advanced composites, signature and power management solutions, RF test and measurement systems, diagnostic instruments, software, and related services.
Recurring updates cover quarterly and annual operating results, entered orders, backlog, segment demand, dividend declarations, earnings calls, and portfolio actions. Company news also reflects completed changes to its business mix, including the integration of Signature Management & Power as ESCO Maritime Solutions and the divestiture of VACCO Industries.
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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