ESCO Q2 FY2023 GAAP EPS $0.69, Adj EPS $0.76; Sales up 12%; Raises FY guidance

ESCO TECHNOLOGIES INC

2023-Q2 EPS reported $1.26 revenue$434,637,000

Q2 GAAP EPS $0.69 vs $0.64 YoY; adj EPS $0.76 vs $0.65, up 17%.
Sales $229.1M, +11.8% YoY; A&D +17%, USG +23%, Test -9%.
Orders $251.6M, book-to-bill 1.10x; record backlog $741M.
FY2023 adj EPS guidance raised to $3.55-$3.65 (11-14% growth); Q3 adj EPS $0.96-$1.01.
Board changes: Vic Richey retires June 30; Robert Phillippy becomes Chair; Lead Director eliminated.

item 2.02 item 7.01 item 5.02 item 8.01 item 9.01

Executive movements

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Departed

Victor L. Richey

Executive Chair of the Board

ESE · ESCO TECHNOLOGIES INC

Effective: 2023-06-30
Filed: May 9, 2023, 7:59 PM ET

it had accepted the resignation of Victor L. Richey as a director of the Company, as Executive Chair of the Board, and as an employee of the Company, all effective June 30, 2023.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

ESCO TECHNOLOGIES INC reported Fiscal Q2 2023 ended March 31, 2023 results: revenue Sales of $229.1 million for Q2 2023, EPS GAAP EPS $0.69; Adjusted EPS $0.76.

Period: Fiscal Q2 2023 ended March 31, 2023
Revenue: Sales of $229.1 million for Q2 2023
EPS: GAAP EPS $0.69; Adjusted EPS $0.76
Result: reported results

Exact text from the filing

ESCO REPORTS SECOND QUARTER FISCAL 2023 RESULTS - Q2 GAAP EPS $0.69 / Adjusted EPS $0.76 - - Q2 Sales increase 12% to $229 Million - - $252 Million in Q2 Orders / Book-to-bill of 1.10x - ST. LOUIS, May 9, 2023 – ESCO Technologies Inc. (NYSE: ESE) (ESCO, or the Company) today reported its operating results for the second quarter ended March 31, 2023 (Q2 2023).

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Executive change SEC 8-K Item 5.02 confidence 0.95

Victor L. Richey resigned as Executive Chair of the Board at ESCO TECHNOLOGIES INC.

Action: resigned
Role: Executive Chair of the Board

Exact text from the filing

it had accepted the resignation of Victor L. Richey as a director of the Company, as Executive Chair of the Board, and as an employee of the Company, all effective June 30, 2023.

View on SEC.gov

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ESCO TECHNOLOGIES INC filing history →

Source: SEC EDGAR

accession 0001104659-23-057736

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