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.
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.
ESCO Technologies Inc. reported Q1 2021 GAAP EPS of $0.52, exceeding consensus estimates, with an adjusted EPS of $0.55 and record cash flow from operations. The company maintained a strong liquidity position of $740 million and reduced its leverage ratio to 0.38x. Net sales reached $163 million, though down from $172 million in Q1 2020, primarily due to lower commercial aerospace sales amid COVID-19. The A&D segment faced challenges while USG sales increased, reflecting an easing of pent-up demand. The company anticipates continued growth as markets stabilize.
ESCO Technologies Inc. (NYSE:ESE) has scheduled its First Quarter 2021 Conference Call for February 8 at 4 p.m. Central Time. The financial results for the first quarter will be released earlier that day at 3:15 p.m. Central Time. Interested parties can join the call via the company's website, with a replay available afterward. ESCO is known for manufacturing filtration and fluid control products for various markets including aviation and defense, and is a leader in RF shielding and EMC test products.
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