ESCO Technologies Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended June 30, 2023
August 08, 2023 at 04:15 pm EDT
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ESCO Technologies Inc. reported earnings results for the third quarter and nine months ended June 30, 2023. For the third quarter, the company reported sales was USD 248.75 million compared to USD 219.07 million a year ago. Net income was USD 27.94 million compared to USD 23.17 million a year ago. Diluted earnings per share from continuing operations was USD 1.08 compared to USD 0.89 a year ago.
For the nine months, sales was USD 683.39 million compared to USD 601 million a year ago. Net income was USD 60.55 million compared to USD 51.28 million a year ago. Diluted earnings per share from continuing operations was USD 2.34 compared to USD 1.97 a year ago.
ESCO Technologies Inc. provides highly engineered products and solutions to diverse and growing end-markets that include the aerospace, defense, space, healthcare, wireless, consumer electronics, electric utility and renewable energy industries. The Company has three segments: Aerospace & Defense (A&D), Utility Solutions Group (USG), and RF Test & Measurement (Test). A&D segment primarily designs and manufactures specialty filtration, fluid control and naval products, including hydraulic filter elements, fluid control devices and precision-tolerance machined components. USG is engaged in the development, manufacture and delivery of diagnostic testing and data management solutions that enable electric power grid operators to assess the integrity of high-voltage power delivery equipment. Test segment designs and manufactures products and systems to measure and control RF and acoustic energy for research and development, regulatory compliance, and medical and security applications.
ESCO TECHNOLOGIES INC. 
