earnings
confidence high
sentiment positive
materiality 0.80
ESCO beats Q3 expectations; raises FY2023 adjusted EPS guidance to $3.62–$3.68
ESCO TECHNOLOGIES INC
2023-Q3 EPS reported
$2.34
revenue$683,386,000
- Q3 GAAP EPS $1.08 (+21% YoY); adjusted EPS $1.09 (+22% YoY) on sales of $248.7M (+14% YoY).
- A&D sales +12% to $103.5M; USG sales +34% to $90.0M; Test sales -7% to $55.3M.
- FY2023 adjusted EPS guidance raised to $3.62–$3.68 (13-15% growth) on sales of $940-950M.
- Quarterly dividend of $0.08 per share payable Oct 17, 2023 to holders of record Oct 3.
- Ending backlog $705M; net debt $92M (0.71x leverage); $595M liquidity at June 30.