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Sep 30, 2022
ESCO Technologies Q4 2022 Earnings Report
Announced record fourth quarter and fiscal year 2022 results with Q4 GAAP EPS of $1.19 and Adjusted EPS of $1.21.
Key Takeaways
ESCO Technologies reported record fourth quarter and fiscal year 2022 results, with strong entered orders and a record year-end backlog of $695 million. The company's cash flow from operations was $135 million with a 108 percent free cash flow conversion rate.
FY 2022 was a record year for sales, Adjusted EBIT, Adjusted EPS, cash flow from operations, entered orders, and year-end backlog.
Entered orders increased 21 percent compared to the prior year.
Record year-end backlog of $695 million was achieved.
Cash flow from operations was $135 million with a 108 percent free cash flow conversion rate.
ESCO Technologies
ESCO Technologies
Forward Guidance
Management expects continued growth in sales, Adjusted EBIT, and Adjusted EBITDA across each of the Company’s business segments in 2023.