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Stock impact report

ESCO Reports First Quarter Fiscal 2024 Results [Yahoo! Finance]

ESCO Technologies Inc. (ESE) 
Last esco technologies inc. earnings: 2/4 04:15 pm Check Earnings Report
Company Research Source: Yahoo! Finance
St. Louis, Feb. 08, 2024 (GLOBE NEWSWIRE) -- ESCO Technologies Inc. (NYSE: ESE) (ESCO, or the Company) today reported its operating results for the first quarter ended December 31, 2023 (Q1 2024). Operating Highlights Q1 2024 Sales increased $12.8 million (6.2 percent) to $218.3 million compared to $205.5 million in Q1 2023. Q1 2024 Entered Orders increased $64.8 million (28 percent) over the prior year period to $293.7 million (book-to-bill of 1.35x), resulting in record backlog of $848 million. Q1 2024 GAAP EPS increased 4 percent to $0.59 per share compared to $0.57 per share in Q1 2023. Q1 2024 Adjusted EPS increased 3 percent to $0.62 per share compared to $0.60 per share in Q1 2023. Net cash provided by operating activities was $9 million in Q1 2024, an increase of $18 million compared to the prior year period, as cash flow was positively impacted by lower working capital requirements. Net debt (total borrowings less cash on hand) was $121 million, resulting in a 0. Show less Read more
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