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Sep 30, 2021
ESCO Technologies Q4 2021 Earnings Report
ESCO Technologies reported solid results driven by cost optimization and program execution, with revenue growth in USG and Test, strong cash flow, and increased orders and backlog.
Key Takeaways
ESCO Technologies reported Q4 2021 results, with GAAP EPS of $0.78 and adjusted EPS of $0.85. The company saw a 50% increase in entered orders to $259 million. They are entering 2022 with confidence due to a record ending backlog.
Q4 GAAP EPS was $0.78 and Adjusted EPS was $0.85.
Entered orders were up $86 million (50 percent) over the prior Q4 to $259 million.
Q4 Adjusted EBITDA margin increased to 19.5 percent from 18.9 percent in the prior year.
Cash flow from operations increased $15 million (13 percent) over the prior year.
Forward Guidance
Management expects meaningful growth in sales, Adjusted EBIT, and Adjusted EBITDA across each of the Company’s business segments in 2022. These projections exclude the impact of any additional M&A contributions throughout the year.
Positive Outlook
- Meaningful growth in sales expected.
- Adjusted EBIT growth anticipated.
- Growth in Adjusted EBITDA expected.
- Growth expected across each business segment.
- Excludes impact of additional M&A.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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