ESCO Technologies Inc., through its subsidiaries, produces and supplies engineered products and systems for utility, industrial, aerospace, and commercial applications worldwide. It operates through three segments: Filtration/Fluid Flow (Filtration); RF Shielding and Test (Test); and Utility Solutions Group (USG). The Filtration segment supplies filtration and fluid control products, including filter elements, manifolds, assemblies, modules, indicators, custom and standard valves, filters, regulators, actuators, and other related components; and produces engineered thermoformed products and packaging materials. The Test segment designs, manufactures, and supplies a range of isolated environm...
9900A Clayton Road
St. Louis, MO 63124
Founded in 1990
ESCO Technologies Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended June 30, 2016; Provides Earnings Guidance for the Fourth Quarter and Full Year of 2016
Aug 2 16
ESCO Technologies Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended June 30, 2016. For the quarter, the company's net sales were $140,191,000 compared to $134,191,000 a year ago. Earnings before income taxes were $17,520,000 compared to $15,580,000 a year ago. Net earnings from continuing operations were $11,528,000 compared to $10,748,000 a year ago. Net earnings were $11,528,000 compared to $11,896,000 a year ago. Diluted EPS- GAAP was $0.44 compared to $0.45 a year ago. Diluted - as Adjusted Basis continuing operations was $0.49 compared to $0.41 a year ago. EBIT was $17,840,000 compared to $15,827,000 a year ago. Adjusted EBIT was $19,293,000 compared to $15,827,000 a year ago.
For the nine months, the company's net sales were $411,954,000 compared to $383,679,000 a year ago. Earnings before income taxes were $44,103,000 compared to $41,944,000 a year ago. Net earnings from continuing operations were $28,967,000 compared to $28,753,000 a year ago. Net earnings were $28,967,000 compared to $29,529,000 a year ago. Diluted EPS- GAAP was $1.12 compared to $1.12 a year ago. Diluted - as Adjusted Basis continuing operations was $1.36 compared to $1.09 a year ago. EBIT was $45,020,000 compared to $42,599,000 a year ago. Adjusted EBIT was $51,983,000 compared to $42,599,000 a year ago. Net cash provided by operating activities was $33,242,000. Capital expenditures were $7,812,000. Additions to capitalized software were $6,257,000. Net debt (outstanding borrowings less cash on hand) at June 30, 2016 was $46 million and reflects the borrowings in connection with the 2016 acquisitions of Plastique and Fremont, and the spending on cumulative share repurchases.
Management expects the remainder of 2016 to reflect a quarterly profile similar to 2015 and previous years, with the resulting fourth quarter sales and EPS – As Adjusted the strongest/highest Quarter of the fiscal year.
Management expects fourth quarter 2016 EPS – As Adjusted to be in the range of $0.59 to $0.66 per share, excluding the fourth quarter impact of the 2016 restructuring charges. Fourth quarter 2015 EPS from continuing operations was $0.50 per share. The fourth quarter 2016 outlook supports the previously communicated 2016 EPS – As Adjusted range of $1.95 to $2.02 per share. The 2016 restructuring charges incurred throughout the year negatively impacted GAAP EPS.
ESCO Technologies Inc. Announces Quarterly Cash Dividend, Payable on October 17, 2016
Aug 2 16
ESCO Technologies Inc. announced a quarterly cash dividend of $0.08 per share will be paid on October 17, 2016 to stockholders of record on October 3, 2016.
ESCO Technologies Inc. to Report Q3, 2016 Results on Aug 02, 2016
Jul 21 16
ESCO Technologies Inc. announced that they will report Q3, 2016 results at 3:15 PM, Central Standard Time on Aug 02, 2016