NEW YORK - ESCO Technologies Inc . (NYSE:ESE) reported better-than-expected fourth quarter results and provided an upbeat outlook for fiscal 2025, sending shares up 0.6% in premarket trading.
The St. Louis-based engineered products manufacturer posted adjusted earnings per share of $1.46 for Q4, topping analyst estimates of $1.44. Revenue rose 9.5% YoY to $298.5 million, slightly ahead of the $297.3 million consensus.
For the full fiscal year 2024, ESCO's sales increased 7.4% to $1.03 billion, while adjusted EPS grew 13% to $4.18.
Looking ahead, the company expects fiscal 2025 revenue in the range of $1.09 billion to $1.11 billion, surpassing analyst projections of $1.06 billion. ESCO anticipates adjusted EPS of $4.70 to $4.90, representing 12-17% growth over fiscal 2024.
"We finished the year strong with a solid Q4, highlighted by 9 percent sales growth, 130 basis points of Adjusted EBIT margin improvement, and a 17 percent increase in Adjusted EPS," said Bryan Sayler, CEO and President of ESCO Technologies.
The company's Aerospace & Defense segment was a standout performer, with Q4 sales jumping 16.2% YoY to $124 million. ESCO noted strength across Navy, commercial aerospace, and defense aerospace programs.
For the first quarter of fiscal 2025, ESCO projects adjusted EPS of $0.68 to $0.75, up 10-21% YoY.
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