ESCO posts record FY2022 sales of $858M, GAAP EPS $3.16; guides FY2023 EPS $3.45-$3.60

ESCO TECHNOLOGIES INC

2022-FY EPS reported $3.16 revenue$857,502,000

Q4 GAAP EPS $1.19 (+53% YoY), adjusted $1.21 (+42%); FY GAAP $3.16 (+31%), adjusted $3.21 (+24%).
FY2022 sales $858M (+20% YoY); organic growth 13%, acquisitions added 7%. Entered orders $961M, backlog record $695M.
FY2023 guidance: sales $910-$930M (6-8% growth), adjusted EPS $3.45-$3.60 (7.5-12% increase).
CEO Vic Richey retiring Dec 31, 2022; Bryan Sayler (current USG President) becomes CEO & President Jan 1, 2023.
Cash flow from operations $135M; 108% free cash flow conversion. Net debt $55M (0.78x leverage).

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

ESCO TECHNOLOGIES INC reported fourth quarter and fiscal year ended September 30, 2022 results: revenue FY 2022: $858 million; Q4 2022: $256 million, EPS FY 2022 GAAP EPS $3.16, Adjusted EPS $3.21; Q4 2022 GAAP EPS $1.19, Adjusted EPS $1.21.

Period: fourth quarter and fiscal year ended September 30, 2022
Revenue: FY 2022: $858 million; Q4 2022: $256 million
EPS: FY 2022 GAAP EPS $3.16, Adjusted EPS $3.21; Q4 2022 GAAP EPS $1.19, Adjusted EPS $1.21
Result: reported results

Exact text from the filing

ESCO ANNOUNCES RECORD FOURTH QUARTER AND FISCAL 2022 RESULTS - Q4 GAAP EPS $1.19 / Adjusted EPS $1.21 - - FY 2022 Sales increase 20% to $858 Million

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Source: SEC EDGAR

accession 0001104659-22-119898

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