earnings
confidence high
sentiment positive
materiality 0.85
ESCO reports record FY2023 sales $956M, Adj EPS $3.70; guides FY2024 Adj EPS $4.10-$4.30
ESCO TECHNOLOGIES INC
2023-FY EPS reported
$3.58
revenue$956,033,000
- FY2023 sales $956M (+11% YoY), GAAP EPS $3.58, Adj. EPS $3.70 (+15% YoY).
- Q4 sales $273M (+6% YoY), GAAP EPS $1.24, Adj. EPS $1.25 (+3% YoY).
- Record Q4 orders $340M (book-to-bill 1.25x); FY orders >$1B, backlog $772M.
- Acquired MPE Limited (UK) on Nov 9, 2023 for ~$12-14M annual sales; adds to Test segment.
- FY2024 guidance: sales $1.02-1.04B, Adj EPS $4.10-$4.30, Adj EBIT margin 14.3-14.7%.