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. 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.
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.
ESCO Technologies Inc. (NYSE: ESE) reported strong Q2 2022 results with a GAAP EPS of $0.64 and Adjusted EPS of $0.65, up from $0.59 and $0.56 respectively in Q2 2021. Sales increased 23.5% to $205 million driven by a 34% rise in entered orders totaling $236.5 million. The company achieved a record backlog of $671 million. Despite challenges from supply chain issues and inflation, liquidity stands at $546 million, and guidance for 2022 EPS is expected between $3.10 and $3.20.
ESCO Technologies Inc. (NYSE:ESE) will hold its Second Quarter 2022 Conference Call on May 9, 2022, at 4:00 p.m. Central Time. The company plans to report its financial results for the quarter after the market closes on the same day. A webcast and an accompanying slide presentation will be available on ESCO’s investor website for those interested in the financial discussion. A replay of the call will be offered shortly after its conclusion, accessible through the investor website and via telephone for one week.
ESCO Technologies reported its Q1 2022 results, achieving a GAAP EPS of $0.44 and Adjusted EPS of $0.46. The company generated $224 million in orders, reflecting a book-to-bill ratio of 1.27. Sales reached $177 million, an 8.8% increase year-over-year. Despite challenges from labor and material shortages impacting sales by $5 to $8 million, ESCO remains optimistic about growth, bolstered by recent acquisitions like Altanova and NEco. They project 2022 EPS between $3.10 to $3.20, with sales expected to grow 14% to 17% over the previous year.
ESCO Technologies Inc. (NYSE:ESE) announced a webcast for its First Quarter 2022 Conference Call set for February 8, 2022, at 4 p.m. Central Time. The financial results will be released earlier that day at 3:15 p.m. Central Time, with the call providing commentary on the results. Interested participants should access the company’s website at least 15 minutes prior to the call to ensure necessary software is installed. A replay will be available on the website and via phone.