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What Makes Esco Technologies (ESE) a New Strong Buy Stock
ZACKS· 2025-03-13 17:14
Esco Technologies (ESE) could be a solid choice for investors given its recent upgrade to a Zacks Rank #1 (Strong Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices.A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years.The powe ...
ESCO Technologies to Present at Sidoti Small Cap Conference
GlobeNewswire News Room· 2025-03-10 20:15
St. Louis, March 10, 2025 (GLOBE NEWSWIRE) -- ESCO Technologies Inc. (NYSE: ESE) announced today that Bryan Sayler, President & CEO, will make a Company presentation on Wednesday, March 19, at the Sidoti Small Cap Conference. The presentation webcast will begin at 3:15 Eastern Time and will be available through this registration link. Visuals presented will be available through the webcast link. ESCO is a global provider of highly engineered products and solutions serving diverse end-markets. It manufacture ...
ESCO Technologies(ESE) - 2025 Q1 - Quarterly Report
2025-02-10 19:11
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (MARK ONE) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED DECEMBER 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO COMMISSION FILE NUMBER 1-10596 ESCO TECHNOLOGIES INC. (Exact name of registrant as specified in its charter) MISSOURI 43-1554045 (State or other jurisdi ...
ESCO Technologies(ESE) - 2025 Q1 - Earnings Call Transcript
2025-02-07 00:20
Financial Data and Key Metrics Changes - The company reported adjusted earnings per share (EPS) of $1.07, which is nearly 41% higher than the previous year's first quarter [22] - Sales increased by 13% year-over-year, all of which was organic growth [23] - Adjusted EBIT margins improved by 250 basis points during the quarter [23] Business Segment Data and Key Metrics Changes - Aerospace and Defense (A&D) segment saw a revenue growth of 20% with a margin improvement, driven by a 56% increase in navy sales, amounting to an additional $13 million [11][25] - The Utility Solutions Group experienced strong order growth of over 16%, with Doble achieving 12% sales growth, while NRG's revenue was lower due to moderation in renewable projects [26][16] - The Test business had orders up over 40% and double-digit organic sales growth, with significant contributions from various sectors including EMC test and measurement [28] Market Data and Key Metrics Changes - The backlog reached a record amount of $907 million, with a book-to-bill ratio of 111% [23] - The company noted strong investments from utilities, driven by increasing electricity demand from various sectors [40] Company Strategy and Development Direction - The company is optimistic about the long-term outlook for the aerospace and defense markets, with production rates ramping up to meet customer demand [10] - The strategic review of the VACCO business is ongoing, with the potential for either retaining or selling the entire business [14] - The company is prioritizing the closure of the SMNP acquisition while remaining open to other opportunities in the M&A environment [58] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to increase full-year guidance based on strong first-quarter performance [34] - The outlook for 2025 and beyond remains positive, with expectations of continued growth across all business segments [19] Other Important Information - The company experienced no catastrophic losses from recent wildfires affecting Southern California employees, emphasizing support for its workforce [9] - The company recognized the retirement of long-term director Lee Olivier, highlighting his contributions to the business [36] Q&A Session Summary Question: Context on Doble's revenue growth and book-to-bill ratio - Management indicated that the full-year guidance increase suggests durable growth driven by capital investments in utilities [40] Question: Guidance on revenue and margin expectations - Management noted good margin upside in A&D and strong mix in Doble, while acknowledging potential softness in renewable revenue [46] Question: Demand improvement at VACCO - Management confirmed stronger demand in navy compared to space, with improved business performance [53] Question: Update on SMNP acquisition - Management stated that 2024 performance of SMNP was in line with expectations, maintaining optimism about future revenue opportunities [72] Question: Impact of Boeing strike resolution - Management expressed satisfaction with the resolution and noted a modest outlook for build rates from Boeing, expecting growth in the second half of the year [78] Question: General supply chain conditions for defense contracts - Management reported steady progress in submarine and surface ship builds, despite some delays in contracting [84]
ESCO Technologies(ESE) - 2025 Q1 - Quarterly Results
2025-02-06 21:15
NEWS FROM Exhibit 99.1 Aerospace & Defense (A&D) Utility Solutions Group (USG) For more information contact: Kate Lowrey - VP of Investor Relations (314) 213-7277 / klowrey@escotechnologies.com ESCO REPORTS FIRST QUARTER FISCAL 2025 RESULTS - Q1 Sales increase 13% to $247 Million - - Q1 GAAP EPS increases 54% to $0.91 - - Q1 Adjusted EPS as defined in prior guidance increases 48% to $0.92 - - Q1 Adjusted EPS excluding Acquisition Related Amortization increases 41% to $1.07 - ST. LOUIS, February 6, 2025 – ES ...
ESCO Reports First Quarter Fiscal 2025 Results
GlobeNewswire· 2025-02-06 21:15
- Q1 Sales increase 13% to $247 Million - Q1 GAAP EPS increases 54% to $0.91 - Q1 Adjusted EPS as defined in prior guidance increases 48% to $0.92 - Q1 Adjusted EPS excluding Acquisition Related Amortization increases 41% to $1.07 -St. Louis, Feb. 06, 2025 (GLOBE NEWSWIRE) -- ESCO Technologies Inc. (NYSE: ESE) (ESCO, or the Company) today reported its operating results for the first quarter ended December 31, 2024 (Q1 2025). Operating Highlights Q1 2025 Sales increased $28.7 million (13.2 percent) to $247.0 ...
ESE Entertainment Announces Grant of Options
Prnewswire· 2025-02-06 19:35
VANCOUVER, BC, Feb. 6, 2025 /PRNewswire/ - ESE Entertainment Inc. (TSXV: ESE) (OTCQB: ENTEF) ("ESE" or the "Company") announces that, under its equity incentive plan, the Company has granted (the "Options Grant") 250,000 stock options (the "Options") to Ryan Vaupshas, a director of the Company, to purchase up to 250,000 common shares of the Company. Each Option is exercisable for three years from the date of grant at $0.07 per common share. The Options Grant is subject to the approval of the TSX Venture Exc ...
ESCO Technologies Announces First Quarter 2025 Earnings Release And Conference Call
GlobeNewswire· 2025-01-14 21:15
St. Louis, Jan. 14, 2025 (GLOBE NEWSWIRE) -- ESCO Technologies Inc. (NYSE:ESE) will report its first quarter financial results after the market close on Thursday, February 6, 2025, followed by a conference call where the financial results and related commentary will be discussed. Event: First Quarter 2025 Conference Call Date: Thursday, February 6Time: 4:00 p.m. Central Time The conference call webcast and an accompanying slide presentation will be available in the Investor Center of ESCO’s website. The sl ...
ESCO Technologies(ESE) - 2024 Q4 - Annual Report
2024-11-29 18:44
Revenue Segments - The Aerospace & Defense (A&D) segment accounted for approximately 44% of total revenue in 2024, up from 41% in both 2023 and 2022[20]. - The Utility Solutions Group (USG) segment represented about 36% of total revenue in 2024, consistent with 2023, and an increase from 32% in 2022[23]. - The Test segment contributed approximately 20% of total revenue in 2024, down from 23% in 2023 and 27% in 2022[25]. - International sales accounted for about 28% of total revenue in 2024, a slight decrease from 30% in both 2023 and 2022[29]. - Direct and indirect sales to the U.S. Government accounted for approximately 27%, 23%, and 25% of total revenue in 2024, 2023, and 2022, respectively[30]. Acquisitions and Strategic Initiatives - The company completed the acquisition of MPE Limited in November 2023, enhancing its product offerings for military and critical infrastructure applications[17]. - The company also acquired CMT Materials, LLC in February 2023, which specializes in syntactic materials for various applications[17]. - A Sale and Purchase Agreement for the acquisition of Ultra Electronics' Signature Management & Power business is set for approximately $550 million, with closing expected in the second quarter of fiscal 2025[18]. - The company is conducting a strategic review of its Space business at VACCO, which may lead to a sale or other alternatives to optimize its portfolio[18]. - The company has consolidated Westland Technologies and Globe Composites into a single business to streamline operations and reduce costs[16]. - The company has secured adequate financing for the SM&P Acquisition, with the waiting period under the Hart-Scott-Rodino Act expired in August 2024[18]. Growth and Backlog - Total Company backlog of firm orders at September 30, 2024, was $879.0 million, representing an increase of $106.6 million (13.8%) from $772.4 million at September 30, 2023[40]. - Approximately 70% of the total backlog at September 30, 2024, is expected to be completed in the fiscal year ending September 30, 2025[40]. - The A&D segment's backlog increased from $484.1 million in 2023 to $600.4 million in 2024[40]. Workforce and Engagement - As of September 30, 2024, the company employed 3,281 persons, including 3,242 full-time employees, with 20% located in 19 foreign countries[50]. - The company achieved an overall engagement favorability of 81% in its first global engagement survey, exceeding comparable benchmarks[52]. - The company has a diverse workforce, with over half of employees coming from demographically diverse backgrounds[53]. - As of September 30, 2024, the workforce composition is 69% male and 24% female, with 7% classified as unknown[60]. - Among the workforce, 41% are identified as minorities, with 37% being White[59]. - The generational breakdown shows 40% Millennials, 27% Gen X, 20% Boomers, and 13% Gen Z[59]. Intellectual Property and Risk Management - The company emphasizes developing intellectual property and protecting its rights, with significant value attributed to its patents across all segments[39]. - The company has sought patent protection for significant inventions in its Test segment, including novel designs for window and door assemblies and improved acoustic techniques[38]. - The company is subject to supply chain risks, particularly for aerospace-grade titanium and gaseous helium, which may be in short supply[42]. - The company has a structured approach to risk factors, which is referenced in its reports[63]. Leadership - The current President and CEO, Bryan H. Sayler, has been in position since January 1, 2023, and previously led the Utility Solutions Group[67]. - Christopher L. Tucker has been the CFO since April 2021, focusing on enhancing finance and IT capabilities[67]. - David M. Schatz has served as Senior Vice President and General Counsel since April 2021, with extensive knowledge of the company's operations and M&A[67]. Transparency and Reporting - The company provides free access to its financial reports and other documents on its website[65].
ESCO Technologies(ESE) - 2024 Q4 - Earnings Call Presentation
2024-11-15 01:01
1 ESCO Technologies Fourth Quarter FY 2024 Earnings Call Bryan Sayler President & CEO Chris Tucker Sr. Vice President & CFO November 14, 2024 Forward Looking Statement Statements in this presentation regarding Management's intentions, expectations and guidance for fiscal 2025, including restructuring and cost reduction actions, sales, orders, revenues, margin, earnings, Adjusted EPS, and any other statements which are not strictly historical, are "forward-looking statements" within the meaning of the safe h ...