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 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.
ESCO Technologies reported Q4 2021 GAAP EPS of $0.78 and Adjusted EPS of $0.85, with $259 million in orders, resulting in a book-to-bill ratio of 1.26x. Full-year GAAP EPS was $2.42 on sales of $715 million, a 2% decline from 2020. Record cash flow from operations reached $123 million for FY 2021. The company expects 2022 net sales to grow 13-16% year-over-year, with Adjusted EPS projected at $3.10-$3.20. The upcoming dividend of $0.08 per share will be paid on January 19, 2022.
ESCO Technologies Inc. (NYSE:ESE) will hold its 2021 Fourth Quarter and Year-End Conference Call on November 18 at 4 p.m. Central Time. The company will release its financial results on the same day at approximately 3:15 p.m. Central Time. Interested participants can access the call via the company’s website, and a replay will be available afterward. ESCO is known for its high-tech filtration and fluid control products across various sectors, including aviation and defense.
The Village of Oak Lawn, Illinois, is finalizing the implementation of Aclara's RF™ advanced metering infrastructure (AMI) and acoustic leak detection system. This project replaces the legacy AMR system and supports 17,000 meters, optimizing water distribution and improving meter reading accuracy. The initiative aims to reduce non-revenue water loss with 825 leak-detection loggers, marking the largest deployment of its kind in the Western Hemisphere. The data will be managed through the AclaraONE® platform, enhancing operational efficiency and providing daily consumption reports.
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 reported Q3 2021 GAAP EPS of $0.57 and Adjusted EPS of $0.67, with year-to-date GAAP EPS at $1.65, a decline from $1.87 in 2020. The company experienced $75 million in cash flow from operations and Q3 orders surpassed $200 million with a book-to-bill ratio of 1.12. Despite ongoing COVID-19 challenges, sales increased by 5% to $181 million in Q3. A new $200 million stock repurchase program and a dividend of $0.08 per share were announced. Guidance for Q4 suggests Adjusted EPS between $0.73 and $0.78.
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.