ESCO Technologies Q1 2023 Earnings Report

ESCO Technologies EPS Results

• Actual EPS: $0.60
• Consensus EPS: $0.49
• Beat/Miss: Beat by +$0.11
• One Year Ago EPS: $0.46

ESCO Technologies Revenue Results

• Actual Revenue: $205.50 million
• Expected Revenue: $193.47 million
• Beat/Miss: Beat by +$12.03 million
• YoY Revenue Growth: +16.10%

ESCO Technologies Announcement Details

• Quarter: Q1 2023
• Date: 2/8/2023
• Time: After Market Closes

ESCO Technologies (NYSE:ESE) produces and supplies engineered products and systems for industrial and commercial markets worldwide. It operates through three segments: Aerospace & Defense, Utility Solutions Group, and RF Test & Measurement. The Aerospace & Defense segment designs and manufactures filtration products, including hydraulic filter elements and fluid control devices used in commercial aerospace applications; filter mechanisms used in micro-propulsion devices for satellites; and custom designed filters for manned aircraft and submarines. It also designs, develops, and manufactures elastomeric-based signature reduction solutions for U.S. naval vessels; and mission-critical bushings, pins, sleeves, and precision-tolerance machined components for landing gear, rotor heads, engine mounts, flight controls, and actuation systems for the aerospace and defense industries. The Utility Solutions Group segment provides diagnostic testing solutions that enable electric power grid operators to assess the integrity of high-voltage power delivery equipment; and decision support tools for the renewable energy industry, primarily wind and solar. The RF Test & Measurement segment designs and manufactures RF test and secure communication facilities, acoustic test enclosures, RF and magnetically shielded rooms, RF measurement systems, and broadcast and recording studios; and RF absorptive materials, filters, antennas, field probes, test cells, proprietary measurement software, and other test accessories to perform various tests. The company distributes its products through a network of distributors, sales representatives, direct sales teams, and in-house sales personnel. The company was incorporated in 1990 and is based in Saint Louis, Missouri.