Loading...
•
Sep 30, 2023
ESCO Technologies Q4 2023 Earnings Report
ESCO Technologies reported record fourth quarter and fiscal year 2023 results.
Key Takeaways
ESCO Technologies reported record sales, Adjusted EBIT, Adjusted EPS, entered orders, and year-end backlog. Q4 GAAP EPS was $1.24 and Adjusted EPS was $1.25. Record quarterly orders of $340 million capped off a year in which they surpassed $1 billion dollars in orders for the first time.
Record quarterly orders of $340 million.
Book-to-bill ratio of 1.25x in Q4.
USG sales increased 22 percent in the quarter.
Acquired MPE Limited, expected to have annualized sales of $12 to $14 million.
ESCO Technologies
ESCO Technologies
Forward Guidance
Management expects growth in sales, Adjusted EBIT, and Adjusted EBITDA across each of the Company’s business segments in 2024.