secwatch.observer — SEC 8-K summary
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Issuer:     ESCO TECHNOLOGIES INC (ESE)
CIK:        0000866706
Form:       8-K
Filed at:   2022-11-17T23:59:59+00:00
Accession:  0001104659-22-119898
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/866706/000110465922119898/0001104659-22-119898-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/866706/000110465922119898/tm2230785d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-119898

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer