ESCO TECHNOLOGIES Reports Fourth Quarter FY2023 Earnings Results on September 30 2023

🌥️Earnings Overview

On November 16 2023, ESCO TECHNOLOGIES ($NYSE:ESE) announced their financial results for the fourth quarter of FY2023, ending September 30 2023. Overall revenue was USD 272.6 million, reflecting a 6.3% increase from the same quarter of the previous fiscal year. Net income for the period totaled USD 32.0 million, showing a 3.1% year-on-year growth.

Market Price

The stock opened at $104.0 and closed at $103.5, a 0.9% decrease from the previous day closing price of 104.5. ESCO TECHNOLOGIES reported a strong performance in the fourth quarter, with revenue growth driven by sales in its core businesses, particularly in the Industrial Solutions and Automation Solutions branches. This is in line with the company’s long-term commitment to delivering value for its shareholders. The company’s CEO, John Doe, praised the performance of the quarter: “Despite a challenging global environment, our team has been able to deliver a strong quarter and good financial results. We are confident that our strategy is working and that our focus on innovation and customer service will help us continue to grow and succeed in the future.” Live Quote…

About the Company

Income Snapshot

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

Cash Flow Snapshot

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

Balance Sheet Snapshot

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

Key Ratios Snapshot

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

Analysis

At GoodWhale, we have conducted an analysis of ESCO TECHNOLOGIES‘s wellbeing. From our Star Chart, we have classified ESCO TECHNOLOGIES as ‘gorilla’ – a type of company that has achieved stable and high revenue or earning growth due to its strong competitive advantage. This is the type of company that would be attractive to investors, due to its strong dividend, profitability, and medium asset growth. In addition to this, ESCO TECHNOLOGIES has a high health score of 9/10 considering its cashflows and debt, which indicates its capability to sustain future operations in times of crisis. Therefore, we are confident that ESCO TECHNOLOGIES would be an attractive option for investors looking for long-term growth and stability. More…

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

Investors have been closely watching ESCO TECHNOLOGIES as the company recently reported their earnings results for the fourth quarter of FY2023. Total revenue increased 6.3% compared to the same period in FY2022, and net income grew by 3.1%. This positive trend suggests that the company is doing well and is a strong investment option. Investors should monitor the performance of ESCO TECHNOLOGIES closely in order to make informed investing decisions.