ESCO TECHNOLOGIES Reports 13.5% Increase in Revenue for FY2023 Q3

August 10, 2023

☀️Earnings Overview

On June 30 2023, ESCO TECHNOLOGIES ($NYSE:ESE) posted total revenue of USD 248.8 million, which was 13.5% higher than the same quarter of the previous year. Net income rose to USD 27.9 million, an increase of 20.6% compared to the same period in the prior year.

Analysis

GoodWhale has conducted an in-depth analysis of ESCO TECHNOLOGIES‘s fundamentals to provide investors with a comprehensive understanding of the company‚Äôs financial and business performance. After careful consideration, GoodWhale has determined that ESCO TECHNOLOGIES is a medium risk investment. As part of its analysis, GoodWhale has identified one risk warning in ESCO TECHNOLOGIES’s balance sheet. In order to gain further insight into this risk warning, we encourage investors to register with us. With GoodWhale, investors can access more detailed information about ESCO TECHNOLOGIES’s financials and gain a better understanding of the investment risks associated with the company. More…

  • Risk Rating Analysis
  • Star Chart Analysis
  • Valuation Analysis
  • About the Company

  • Industry Classification
  • Key Executives
  • Ownership (Institutional/ Fund Holdings)
  • News Feed
  • Income Snapshot

    Below shows the total revenue, net income and net margin for Esco Technologies. More…

    Total Revenues Net Income Net Margin
    939.88 91.59 9.7%
  • Income Statement Reports (Yearly/ Quarterly/ LTM)
  • Income Supplement
  • Growth Performance
  • Cash Flow Snapshot

    Below shows the cash from operations, investing and financing for Esco Technologies. More…

    Operations Investing Financing
    122.78 -49.02 -76.39
  • Cash Flow Statement (Yearly/ Quarterly/ LTM)
  • Cash Flow Supplement
  • Balance Sheet Snapshot

    Below shows the total assets, liabilities and book value per share for Esco Technologies. More…

    Total Assets Total Liabilities Book Value Per Share
    1.7k 596.47 41.96
  • Balance Sheet (Yearly/ Quarterly)
  • Balance Sheet Supplement
  • Key Ratios Snapshot

    Some of the financial key ratios for Esco Technologies are shown below. More…

    3Y Rev Growth 3Y Operating Profit Growth Operating Margin
    4.4% 7.0% 13.4%
    FCF Margin ROE ROA
    9.2% 7.3% 4.6%
  • Income Statement Ratios
  • Balance Sheet Ratios
  • Cash Flow Ratios
  • Valuation Ratios
  • Other Ratios
  • Other Supplementary Items




  • Peers

    The company’s main competitors are Shenzhen Anche Technologies Co Ltd, Teledyne Technologies Inc, and Horiba Ltd.

    – Shenzhen Anche Technologies Co Ltd ($SZSE:300572)

    Shenzhen Anche Technologies Co Ltd is a Chinese electronics company with a market cap of 2.91B as of 2022. The company has a return on equity of 1.62%. Shenzhen Anche Technologies Co Ltd designs, manufactures, and sells electronic products and components worldwide. The company’s products include semiconductors, integrated circuits, and other electronic components.

    – Teledyne Technologies Inc ($NYSE:TDY)

    Founded in 1960, Teledyne Technologies Inc is a provider of advanced electronics, instrumentation and digital imaging products and services. Headquartered in Thousand Oaks, California, the company operates through four segments: Teledyne Controls, Teledyne Imaging, Teledyne Instrumentation, and Teledyne Marine. Teledyne Technologies has a market capitalization of $18.52 billion as of 2022 and a return on equity of 7.49%. The company’s products are used in a variety of applications including aerospace, defense, oil and gas exploration, medical imaging, and scientific research.

    – Horiba Ltd ($TSE:6856)

    As of 2022, Horiba Ltd has a market cap of 253.18B and a ROE of 9.91%. The company produces a wide variety of measuring instruments and systems for applications in the automotive, medical, semiconductor, and scientific industries. Horiba’s products are used in a number of different ways, including emissions testing, engine analysis, medical diagnosis, and scientific research. The company has a long history and a strong reputation in the measuring instrument industry.

    Summary

    ESCO Technologies has seen positive growth over the past year, as evidenced by its Q3 FY2023 results. Total revenue is up 13.5% year-over-year to USD 248.8 million, while net income has seen an even greater increase of 20.6% to USD 27.9 million. This suggests that the company is well-positioned for continued success in the future and may be a good investment opportunity for those looking to diversify their portfolio.

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