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Mar 31, 2020
ESCO Technologies Q2 2020 Earnings Report
Reported a net sales increase with strong performance in the A&D segment and announced withdrawal of full-year 2020 financial guidance.
Key Takeaways
ESCO Technologies reported a 5% increase in net sales for Q2 2020. GAAP and adjusted EPS were $0.68, with adjusted EBITDA at $31.4 million. The company withdrew its full-year 2020 financial guidance due to COVID-19 uncertainties but highlighted a strong liquidity position and backlog.
Net sales increased by 5% in Q2 2020.
Q2 2020 GAAP and Adjusted EPS were $0.68.
Adjusted EBITDA was $31.4 million compared to $31.2 million in Q2 2019.
Company had nearly $700 million of liquidity as of March 31, 2020.
ESCO Technologies
ESCO Technologies
Forward Guidance
Due to the uncertainty caused by the COVID-19 pandemic, ESCO Technologies is withdrawing its full-year 2020 financial guidance.