ESCO Q4 sales rise 9.5% to $299 million; FY 2025 guidance calls for growth
ESCO Technologies reported fourth-quarter sales up 9.5% to $299 million and fiscal 2024 sales up 7.4% to $1.03 billion, with GAAP EPS of $1.32 for the quarter and $3.94 for the year. The company guided fiscal 2025 sales to $1.09 to $1.11 billion and adjusted EPS to $4.70 to $4.90, excluding the pending $550 million SM&P acquisition and a strategic review of its VACCO Space business.
- Q4 2024 sales rose $26 million (9.5%) to $299 million; GAAP EPS was $1.32 and adjusted EPS was $1.46, up 16.8%.
- FY 2024 sales rose 7.4% to $1.03 billion; GAAP EPS was $3.94 and adjusted EPS was $4.18.
- FY 2025 guidance: sales of $1.09 to $1.11 billion and adjusted EPS of $4.70 to $4.90, excluding the SM&P acquisition and the VACCO Space review.
- Q4 2024 entered orders fell 14.9% to $289 million; the company did not repurchase shares in Q4.