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.
Management expects continued growth in sales, Adjusted EBIT, and Adjusted EBITDA across each of the Company’s business segments in 2023.
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