Highest-materiality recent filing
Press release issued August 6, 2026, for fiscal third quarter results.
ESCO enters $1.5B credit agreement to finance $2.35B Megger acquisition
New senior secured facilities: $500M revolver, $500M Term Loan A, up to $500M Term Loan B.
ESCO Q2 FY2026: Sales +33% to $309M, Adj EPS $1.91 (+63%), raises FY adj EPS guidance to $8.00-8.25
Q2 sales $309M (+33% YoY); GAAP EPS $1.29 (+26.5%); Adjusted EPS $1.91 (+63.2%).
ESCO to acquire Megger Group for $2.35B in cash and stock, financed with up to $1.5B debt
Purchase price ~$2.35B: $922M cash plus 5.1M shares of ESCO common stock.
ESCO to acquire Megger for $2.35B; Q2 prelim revenue $309M, adj EPS $1.91
Acquisition of Megger Group for $2.35B ($0.9B cash + $1.4B equity); ~14x projected 2026 EBITDA including synergies.
ESCO Q1 sales +35% to $290M, Adj EPS +73% to $1.64; raises FY2026 guidance
Q1 GAAP EPS $1.11 (+40.5% YoY); Adjusted EPS $1.64 (+72.6% YoY).
ESCO Technologies reports Q4/FY2025 results and grants executive LTI awards
Press release announcing Q4 and fiscal year ended Sept 30, 2025 results issued; conference call at 4 p.m. CT today.
ESCO Q3 FY2025 results announced; financial details not included in filing excerpt
Press release issued August 7, 2025 for fiscal 2025 third quarter.
ESCO Q2 FY2025: Sales up 7% to $266M, GAAP EPS $1.20 (+33%), Adj. EPS $1.35 (+24%), guidance raised
Net sales $265.5M (+7% YoY), GAAP diluted EPS $1.20 (up 33%), adjusted EPS $1.35 (up 24%).
ESCO Technologies completes $550M acquisition of Ultra Maritime's SM&P business
Purchase price of $550M in cash; funded by cash on hand and debt financings.
ESCO Q1 sales up 13% to $247M, GAAP EPS $0.91 (+54%); raises FY25 adj EPS guidance to $5.55-5.75
Q1 GAAP EPS $0.91 (+54% YoY); adjusted EPS $0.92 (+48%); adjusted EPS ex-acq amort $1.07 (+41%).
ESCO Q4 sales $299M (+9.5%), adj EPS $1.46 (+17%), FY2025 EPS guidance $4.70-$4.90
Q4 sales $299M (+9.5% YoY), GAAP EPS $1.32 (+6.5%), adj EPS $1.46 (+16.8%).
ESCO Technologies expands board, appoints Penelope M. Conner as Class II director
Board size of Class II increased from two to three members effective October 17, 2024.
ESCO Technologies expands board, appoints David A. Campbell as Class I director
Board size increased from two to three Class I directors effective September 25, 2024.
ESCO Q3: sales +5% to $261M, adj EPS $1.16 (+6%), orders +46% to $312M; VACCO Space strategic review
Q3 sales $260.8M (+5% YoY), GAAP EPS $1.13 (+5%), adjusted EPS $1.16 (+6%).
ESCO Technologies to acquire Ultra Maritime's Signature Management & Power for $550M
Purchase price of $550M; expected revenue ~$175M in CY2024 with Adjusted EBITDA margins above A&D segment.
ESCO Q2 fiscal 2024: sales +9% to $249M, adjusted EPS +24% to $0.94
GAAP EPS $0.90 (+30% YoY); adjusted EPS $0.94 (+24% YoY).
ESCO Q1 sales +6% to $218M; orders +28% to $294M; raises FY EPS guidance low end
Q1 GAAP EPS $0.59 (up 4% YoY); adjusted EPS $0.62 (up 3% YoY).
ESCO Tech director Stolze to retire; FY24 equity awards granted to CEO, CFO, GC
Director James M. Stolze to retire at 2024 annual meeting; board reduces from 8 to 7 seats.
ESCO reports record FY2023 sales $956M, Adj EPS $3.70; guides FY2024 Adj EPS $4.10-$4.30
FY2023 sales $956M (+11% YoY), GAAP EPS $3.58, Adj. EPS $3.70 (+15% YoY).
Supplemental Clawback Policy covers current and former executive officers consistent with SEC Rule 10D-1 and NYSE listing standards.
ESCO enters new $500M revolver; extends maturity to Aug 2028
New $500M revolving credit facility with 7 banks, led by JPMorgan, matures 5 years from Aug 30, 2023.
ESCO beats Q3 expectations; raises FY2023 adjusted EPS guidance to $3.62–$3.68
Q3 GAAP EPS $1.08 (+21% YoY); adjusted EPS $1.09 (+22% YoY) on sales of $248.7M (+14% YoY).
Victor L. Richey resigned as director and Executive Chairman due to retirement; no disagreement with the company.
ESCO Q2 FY2023 GAAP EPS $0.69, Adj EPS $0.76; Sales up 12%; Raises FY guidance
Q2 GAAP EPS $0.69 vs $0.64 YoY; adj EPS $0.76 vs $0.65, up 17%.
ESCO Technologies grants RSUs to three executive officers under LTI program
CEO Bryan H. Sayler receives 7,489 RSUs; CFO Christopher L. Tucker receives 2,985 RSUs; GC David M. Schatz receives 1,548 RSUs.
ESCO Q1 GAAP EPS $0.57 (+30% YoY), sales $205.5M (+16%); acquires CMT Materials
Q1 GAAP EPS $0.57, adjusted EPS $0.60, both up 30% YoY; sales $205.5M (+16% YoY).
CEO succession effective: Richey retires, becomes Executive Chairman; Sayler named CEO & President
Victor L. Richey retired as CEO & President Dec 31, 2022; assumed Executive Chairman Jan 1, 2023.
CEO Victor Richey to retire Dec 31; becomes Executive Chairman through 2023
Richey base salary cut to $650K from Jan 1; gets one-time RSU of $1.5M in lieu of 2023 LTI award.
ESCO posts record FY2022 sales of $858M, GAAP EPS $3.16; guides FY2023 EPS $3.45-$3.60
Q4 GAAP EPS $1.19 (+53% YoY), adjusted $1.21 (+42%); FY GAAP $3.16 (+31%), adjusted $3.21 (+24%).
ESCO Technologies CEO succession: Vic Richey retiring, Bryan Sayler to become CEO and President
Vic Richey will retire as CEO and President effective Dec 31, 2022; will remain Executive Chairman until successor chosen.
ESCO Q3 FY2022 EPS $0.89, sales up 21% to $219M; orders up 25% to $255M
GAAP EPS $0.89, up 56% YoY; Adjusted EPS $0.89 vs $0.67 prior year, up 33%.
ESCO Q2 adjusted EPS $0.65 vs $0.56; sales up 23.5% to $205M; record backlog $671M
GAAP EPS $0.64, adjusted EPS $0.65; sales $204.9M (+23.5% YoY).
GAAP EPS $0.44, adjusted EPS $0.46; prior-year GAAP $0.49, adjusted $0.52.
ESCO dismisses KPMG, hires Grant Thornton; KPMG flagged material weakness in internal controls
KPMG identified a material weakness: ineffective risk assessment led to weak controls over revenue recognition and inventory costing.
ESCO Technologies dismisses KPMG as auditor, appoints Grant Thornton for FY2022
Dismissed KPMG effective after completion of FY2021 audit; no disagreements on accounting principles.
Director Larry W. Solley to retire effective 2022 annual meeting; board reduces size from 8 to 7.
ESCO Q4 GAAP EPS $0.78, adj. $0.85; orders $259M (book-to-bill 1.26x)
Q4 GAAP EPS $0.78 (net income $20.4M); adjusted EPS $0.85, up from $0.80 YoY.
ESCO Q3 GAAP EPS $0.57, Adjusted EPS $0.67; Orders over $200M, book-to-bill 1.12
Q3 GAAP EPS $0.57, Adjusted EPS $0.67; YTD adjusted EPS $1.75 vs $1.87 prior year.
effective October 17, 2024 the authorized size of Class II of the Company’s Board of Directors was increased from two to three members, and Penelope M. Conner became a Class II director of the Company filling the vacancy thereby created
David A. Campbell became a Class I director of the Company filling the vacancy thereby created
elected Penelope M. Conner, age 60, as a director to fill the vacancy thereby created, to serve for a term ending at the 2025 annual meeting of shareholders
elected David A. Campbell, age 55, as a director to fill the vacancy thereby created, to serve for a term ending at the 2027 annual meeting of shareholders
On November 14, 2023, director James M. Stolze notified the Company’s Board of Directors that he would retire from the Board effective upon the expiration of his current term at the Company’s 2024 Annual Meeting of Stockholders.
Effective June 30, 2023, consistent with the Company’s May 9, 2023 Form 8-K and press release, Victor L. Richey resigned as a director and as Executive Chairman of the Board. Mr. Richey’s resignation was due to his retirement and was not due to any disagreement with the Company on any matter.
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.
Effective December 31, 2022, the Company's Chairman, Chief Executive Officer and President, Victor L. Richey, retired as Chief Executive Officer and President. Effective January 1, 2023 Mr. Richey, a current director, assumed the position of Executive Chairman of the Board of Directors.
On January 1, 2023, Bryan H. Sayler succeeded to the offices of Chief Executive Officer and President of the Company.
Bryan H. Sayler became a Class I director of the Company filling the vacancy thereby created
Bryan H. Sayler Incoming (1/1/23) Chief Executive Officer & President
Under the amended agreement, which is expected to be executed before the end of December, Mr. Richey will continue his employment with the title of Executive Chairman for a term ending not later than December 31, 2023.
Max materiality 0.90 · Median 0.75 · Most common event earnings