ESCO Technologies(ESE)

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ESCO Technologies(ESE) - 2024 Q4 - Earnings Call Transcript
2024-11-15 01:00
Financial Data and Key Metrics Changes - The company achieved a significant milestone with orders and sales both exceeding $1 billion for the first time in its history [6][24] - Sales in Q4 increased by 9.5%, driven by 8.5% organic growth and 1% from the MPE acquisition [16] - Adjusted EBIT margins improved by 130 basis points to 17.4%, with adjusted EPS rising 17% to $1.46 per share [17][24] Business Line Data and Key Metrics Changes - **Aerospace & Defense**: Orders saw a decline of 15% in Q4 due to tough comparisons from the previous year, but backlog increased by 24% to over $600 million [15][18] - **Utility Solutions Group**: Orders increased by 2% and sales grew by 6%, with adjusted EBIT up 70 basis points to 26.4% of sales [20] - **Test Business**: Orders decreased by 8.5%, but sales grew by 4%, with margins increasing by 80 basis points to 18.3% [21][22] Market Data and Key Metrics Changes - The regulated utility market is experiencing increased capital spending forecasts, which is beneficial for the company's global business [11] - The renewable energy segment showed strong orders and sales growth in Q4, indicating a positive outlook for future demand [12] Company Strategy and Development Direction - The company is focused on maintaining momentum in its business segments, particularly in Aerospace & Defense and Utility Solutions, while also addressing challenges in the Test business [7][10] - The company is optimistic about the future, with guidance for 2025 indicating sales growth of 6% to 8% and adjusted EPS growth of 12% to 17% [27] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to navigate challenges, including the resolution of the Boeing strike, which is not expected to impact financials in 2025 [9][30] - The company is closely monitoring the regulatory environment and potential impacts on the renewable energy sector, but remains optimistic about underlying market demand [44][48] Other Important Information - The company completed regulatory filings for the Signature Management & Power acquisition and is awaiting UK approvals [31][32] - Operating cash flow for the year was over $127 million, a substantial increase from the previous year [25] Q&A Session Summary Question: A&D outlook and Boeing impact - Management indicated a conservative approach to forecasting, with expectations of offsetting any potential impacts from Boeing contracts with work from other customers [34][36] Question: SM&P acquisition guidance - Management confirmed that updated guidance will break down components related to the acquisition, including amortization impacts [38][39] Question: Test business growth expectations - Management noted that no significant improvement in China is embedded in the forecast, maintaining a steady outlook [43] Question: Renewable energy policy risks - Management emphasized that underlying market demand for electrification is increasing, regardless of policy changes [44][48] Question: VACCO Space business review - Management is considering options for the VACCO business and expects to provide updates in February [53][54] Question: SM&P acquisition status - Management provided an update on the acquisition process, indicating a normal bureaucratic pace in the UK review [62]
ESCO Technologies(ESE) - 2024 Q4 - Annual Results
2024-11-14 21:17
Exhibit 99.1 NEWS FROM For more information contact: Kate Lowrey - VP of Investor Relations (314) 213-7277 / klowrey@escotechnologies.com ESCO REPORTS FOURTH QUARTER AND FISCAL 2024 RESULTS - Q4 Sales increase 9.5% to $299 Million - Q4 GAAP EPS increase 6.5% to $1.32 - - Q4 Adjusted EPS increase 16.8% to $1.46 - - FY 2024 Sales increase 7.4% to $1.0 Billion - - FY 2024 Entered Orders increase 9.7% to $1.1 Billion - - FY 2024 GAAP EPS increase 10.1% to $3.94 - - FY 2024 Adjusted EPS increase 13.0% to $4.18 - ...
ESCO Reports Fourth Quarter and Fiscal 2024 Results
GlobeNewswire News Room· 2024-11-14 21:15
St. Louis, Nov. 14, 2024 (GLOBE NEWSWIRE) -- ESCO Technologies Inc. (NYSE: ESE) (ESCO, or the Company) today reported its operating results for the fourth quarter and fiscal year ended September 30, 2024 (Q4 2024 and FY 2024, respectively). Operating Highlights Q4 2024 Sales increased $26 million (9.5 percent) to $299 million compared to $273 million in Q4 2023. Q4 organic sales increased $23 million (8.5 percent) and the MPE acquisition contributed $3 million (1.0 percent) of revenue in the quarter. FY 2 ...
ESE Entertainment Completes 100% Acquisition of Gaming Production Company, Bombee Americas
GlobeNewswire News Room· 2024-10-30 12:00
VANCOUVER, British Columbia, Oct. 30, 2024 (GLOBE NEWSWIRE) -- ESE Entertainment Inc. (TSXV: ESE)(OTCQX: ENTEF) ("ESE" or the "Company"), a gaming company that provides a range of services to leading video game developers and publishers, is pleased to announce that it has acquired (the "Acquisition") Bombee Global Entertainment Ltd. ("Bombee Americas"), the North American arm of Bombee Event Production AB, ("Bombee"), a global production company specialized in live production, special effects, broadcast and ...
Are Industrial Products Stocks Lagging ESCO Technologies (ESE) This Year?
ZACKS· 2024-10-25 14:41
For those looking to find strong Industrial Products stocks, it is prudent to search for companies in the group that are outperforming their peers. Esco Technologies (ESE) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Let's take a closer look at the stock's year-to-date performance to find out. Esco Technologies is a member of our Industrial Products group, which includes 212 different companies and currently sits at ...
ESCO Technologies Announces Fourth Quarter 2024 Earnings Release And Conference Call
GlobeNewswire News Room· 2024-10-23 20:15
St. Louis, Oct. 23, 2024 (GLOBE NEWSWIRE) -- ESCO Technologies Inc. (NYSE:ESE) will report its fourth quarter financial results after the market close on Thursday, November 14, 2024, followed by a conference call where the financial results and related commentary will be discussed. Event: Fourth Quarter 2024 Conference Call Date: Thursday, November 14 Time: 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. Th ...
ESE Entertainment Provides Corporate Update on Bombee Americas Acquisition
Prnewswire· 2024-10-23 13:00
Merger Anticipated to Improve Financial Performance and Expand ESE's Reach with Tier 1 Clients Across Gaming and Entertainment Sectors VANCOUVER, BC, Oct. 23, 2024 /PRNewswire/ - ESE Entertainment Inc. (TSXV: ESE) (OTCQBSS: ENTEF) ("ESE" or the "Company"), is pleased to provide a corporate update following its acquisition of Bombee Global Entertainment Ltd. ("Bombee Americas" or "Bombee"), the North American arm of the premier gaming production and entertainment company, Bombee Event Production AB ("Bombee ...
ESE Entertainment Completes Acquisition of Gaming Production Company, Bombee Americas
Prnewswire· 2024-10-22 13:00
VANCOUVER, BC, Oct. 22, 2024 /PRNewswire/ - ESE Entertainment Inc. (TSXV: ESE) (OTCQB: ENTEF) ("ESE" or the "Company"), a gaming company that provides a range of services to leading video game developers and publishers, is pleased to announce that it has acquired (the "Acquisition") Bombee Global Entertainment Ltd. ("Bombee Americas"), the North American arm of Bombee Event Production AB, ("Bombee"), a global production company specialized in live production, special effects, broadcast and event management ...
ESE Entertainment Announces Appointment of New Director
Prnewswire· 2024-09-13 13:00
VANCOUVER, BC, Sept. 13, 2024 /PRNewswire/ - ESE Entertainment Inc. (TSXV: ESE) (OTCQB: ENTEF) ("ESE" or the "Company"), a gaming company that provides a range of services to leading video game developers and publishers, is pleased to announce the appointment of Ryan Maarschalk B.Sc, CPA, as a Director of the Company. About Mr. Maarschalk Mr. Ryan Maarschalk was previously a Director of ESE Entertainment, after its initial public listing and subsequent valuation growth. He brings over two decades of leaders ...
ESCO Technologies(ESE) - 2024 Q3 - Quarterly Report
2024-08-09 16:05
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 JUNE 30, 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 jurisdictio ...