earnings
confidence high
sentiment positive
materiality 0.85
ESCO Q3: sales +5% to $261M, adj EPS $1.16 (+6%), orders +46% to $312M; VACCO Space strategic review
ESCO TECHNOLOGIES INC
2024-Q3 EPS reported
$2.62
revenue$728,226,000
- Q3 sales $260.8M (+5% YoY), GAAP EPS $1.13 (+5%), adjusted EPS $1.16 (+6%).
- Orders surged 46% to $311.7M, book-to-bill 1.20x, record backlog $889M.
- Entered $375M incremental term loan to fund $550M SM&P acquisition; awaiting approval, close Q1 fiscal 2025.
- Board added two independent directors (Conner, Campbell) subject to FERC approval.
- Undertaking strategic review of VACCO Space business; alternatives include sale or JV.