Esco Technologies Inc Stock Price, News & Analysis

ESCO Technologies Inc. (NYSE: ESE) announced the completion of its acquisition of I.S.A Altanova Group on July 29, 2021, and Phenix Technologies on August 9, 2021. These acquisitions will enhance ESCO’s Utility Solutions Group, positioning it for substantial growth in the power and utility markets globally. Phenix, with annual sales of approximately $25 million and strong operating margins, is recognized for its high voltage test systems. Together with Altanova, these companies provide ESCO a broader product portfolio and an expanded customer base, further driving international growth opportunities.

ESCO Technologies Inc. (NYSE:ESE) has announced a webcast for its Third Quarter 2021 Conference Call, scheduled for August 9, 2021 at 4 p.m. Central Time. The call will follow the release of its financial results at approximately 3:15 p.m. Central Time. Participants can access the call through the company's website, which also provides a replay option for those unable to attend. ESCO specializes in highly-engineered filtration and fluid control products across various industries, including aviation and defense.

Doble Engineering Company, a subsidiary of ESCO Technologies (NYSE: ESE), launched the F8000 platform, a modular power system simulator designed for advanced testing of protection relay, automation, and control technologies. This innovative platform accommodates both conventional and digital systems, enabling tailored functionality for utility companies. The F8000 features various configurations and compatibility with existing Doble software, enhancing flexibility and operational efficiency. The platform aims to help clients adapt to emerging technologies in power grid operations.

ESCO Technologies Inc. (NYSE: ESE) has announced its acquisition of I.S.A Altanova Group S.R.L., a leading European provider of condition assessment technologies for electrical equipment. This acquisition, valued at approximately $30 million, is anticipated to enhance ESCO's Utility Solutions Group by filling product gaps and expanding its global reach in power generation and distribution markets. The transaction is subject to Italian regulatory approval and is expected to close within 45 days.

ESCO Technologies reported a Q2 2021 GAAP EPS of $0.62, exceeding expectations, and an adjusted EPS of $0.59. Year-to-date adjusted EPS rose to $1.15, up 4% from $1.11 in 2020, despite a 6% sales decline due to COVID-19 impacts. The company's net sales were $167 million, down from $180 million in Q2 2020. Record cash flow from operations and improved gross margins at 38.1% were reported. The company anticipates ongoing challenges in commercial aerospace but remains positive about recovery trends and upcoming acquisition opportunities.

ESCO Technologies Inc. (NYSE:ESE) will host its Second Quarter 2021 Conference Call on May 4 at 4 p.m. Central Time. The call will follow the release of the financial results at approximately 3:15 p.m. Central Time. Interested participants are encouraged to access the company’s website at least 15 minutes before the call for registration. A replay will be available on the website or via phone. ESCO is a leader in manufacturing filtration and fluid control products for various sectors, including aviation, navy, and renewable energy.

Doble Engineering Company, a subsidiary of ESCO Technologies (NYSE: ESE), announced the launch of the Spark P3, a universal analyzer for partial discharge (PD) and electromagnetic interference (EMI). This device simplifies diagnostics across various high voltage equipment, enhancing reliability and user-friendliness.

Equipped with advanced tools for early fault detection, the Spark P3 supports users of all experience levels. Its automatic signal classification and dual operating modes cater to both novices and experts, making it suitable for utilities, laboratories, and industrial use.

Doble Engineering Company, a subsidiary of ESCO Technologies (NYSE: ESE), launched the Calisto™ H1, a new hydrogen detector for real-time monitoring of transformer health. This device enables power and utility teams to detect faults quickly, reducing the need for manual sampling and field personnel intervention. The Calisto H1 allows teams to monitor more transformers cost-effectively and integrates seamlessly within the Calisto™ Condition Monitoring platform. Doble emphasizes the importance of real-time data for maintaining grid reliability and enhancing asset performance management.

ESCO Technologies Inc. (NYSE: ESE) announces the appointment of Christopher Tucker as Senior Vice President and Chief Financial Officer, effective April 19, 2021, following Gary Muenster's retirement after 31 years. Tucker brings 24 years of experience from Emerson, where he was CFO of a significant reporting segment. His track record includes enhancing shareholder value through financial improvements. CEO Vic Richey emphasizes Tucker's expertise in operations and finance as crucial for ESCO's growth strategy.