Esco Technologies ( (ESE) ) has released its Q2 earnings. Here is a breakdown of the information Esco Technologies presented to its investors.
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ESCO Technologies is a global provider of highly engineered products and solutions, specializing in filtration, fluid control, and power management solutions for various industries including aviation, Navy, and industrial sectors. The company is known for its advanced composites and RF test and measurement products.
In its latest earnings report for the second quarter of fiscal 2025, ESCO Technologies announced a 7% increase in sales, reaching $266 million, and a significant rise in earnings per share (EPS), with GAAP EPS up by 33% to $1.20 and adjusted EPS up by 24% to $1.35. The company also reported a 22% increase in orders, resulting in a record backlog of $932 million.
Key financial highlights include a 7% increase in sales to $265.5 million and a 33% rise in GAAP EPS to $1.20. The company’s adjusted EPS also saw a 24% increase to $1.35. ESCO’s segments, including Aerospace & Defense, Utility Solutions Group, and RF Test & Measurement, all reported revenue growth, with notable strength in Navy, commercial aerospace, and utility markets. The recent acquisition of SM&P, now known as ESCO Maritime Solutions, is expected to expand the company’s naval product offerings.
Looking ahead, ESCO Technologies remains optimistic about its growth prospects, with expectations of 6% to 8% organic sales growth for fiscal 2025. The integration of ESCO Maritime Solutions is anticipated to contribute significantly to sales and earnings, further enhancing the company’s market position and financial performance.