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Mar 31, 2023
ESCO Technologies Q2 2023 Earnings Report
Reported second quarter fiscal 2023 results with GAAP EPS of $0.69 and adjusted EPS of $0.76.
Key Takeaways
ESCO Technologies reported a solid second quarter with double-digit revenue growth and expanded operating margins. Q2 sales increased 12% to $229 million, with $252 million in orders and a book-to-bill ratio of 1.10x. The company achieved record ending backlog at $741 million.
Q2 GAAP EPS was $0.69 and adjusted EPS was $0.76.
Q2 sales increased 12% to $229 million.
Q2 orders totaled $252 million, resulting in a book-to-bill ratio of 1.10x.
Record ending backlog reached $741 million.
Revenue by Segment
Forward Guidance
The company increased its earnings guidance and now expects current year adjusted EPS in the range of $3.55 to $3.65, based on sales in a range of $930 to $950 million. Q3 Adjusted EPS is expected to be in the range of $0.96 to $1.01 per share.
Positive Outlook
- Expects current year adjusted EPS in the range of $3.55 to $3.65 (11 to 14 percent growth).
- Based on sales in a range of $930 to $950 million (8 to 11 percent annual growth).
- Revenues and Adjusted EPS are expected to grow sequentially throughout the year.
- Expects Q3 Adjusted EPS to be in the range of $0.96 to $1.01 per share (8 to 13 percent growth).
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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