Record-Breaking Orders and Sales
Orders and sales both eclipsed $1 billion for the first time, marking a significant achievement for ESCO Technologies.
Aerospace and Defense Growth
Record backlog of over $600 million, a 24% increase, with strong performance from Navy, commercial, and defense aerospace sectors.
Utility Solutions Group Success
Orders up 2%, sales up 6%, and adjusted EBIT up 70 basis points to 26.4% of sales, driven by growth in service offerings and condition monitoring products.
Profitability and Earnings Growth
Adjusted EBIT margins increased by 130 basis points to 17.4%, and adjusted EPS increased by 17% to $1.46.
Strong Financial Outlook for 2025
Sales growth expected to be in the range of 6% to 8% and adjusted earnings per share growth in the range of 12% to 17% for 2025.