Oct 2, 4:15 PM ET
On October 1, 2026, ESCO Technologies completed its purchase of all shares of Megger Group Limited from TBG AG for about $2.3 billion, paid in $922 million cash and 5.10 million shares of common stock. The company funded the cash portion and refinancing with about $1.0 billion borrowed under a new credit agreement, which replaced its existing credit agreement. Shareholders face higher debt and dilution from the new shares, and the seller gains a board seat right while it holds at least 50% of the consideration shares.
- Purchase price of about $2.3 billion: $922 million in cash and 5.10 million shares of common stock, subject to a cash post-closing adjustment for net debt and working capital
- New $1.5 billion credit facilities (revolver, Term Loan A and Term Loan B, $500 million each) became effective on the closing date, with about $1.0 billion borrowed
- Existing credit agreement, scheduled to mature August 30, 2028, was terminated on the closing date
- Board increased from eight to nine members; Jeremy P. Abson elected as a director effective October 1, 2026
Read the filing on SEC.gov ↗
Aug 6, 4:17 PM ET
ESCO Technologies reported fiscal third-quarter 2026 sales of $339 million, up 14% from a year earlier, with GAAP EPS from continuing operations up 31% to $1.26 and adjusted EPS up 38% to $2.20. The company raised its full-year fiscal 2026 adjusted EPS guidance to $8.30 to $8.40 per share and raised the lower end of its sales guidance to $1.30 to $1.33 billion.
- Q3 2026 sales rose $43 million (14%) to $339 million; organic sales rose 8%, and Maritime contributed $23 million of growth
- Q3 2026 GAAP EPS from continuing operations was $1.26 versus $0.96 a year earlier; adjusted EPS was $2.20 versus $1.60
- Full-year fiscal 2026 adjusted EPS guidance is $8.30 to $8.40, up from $8.00 to $8.25 in May; Q4 2026 adjusted EPS is expected at $2.55 to $2.65
- The pending Megger Group acquisition is expected to close in Q1 of fiscal 2027, and the next quarterly dividend is $0.08 per share, payable October 15, 2026
Read the filing on SEC.gov ↗
Jun 3, 4:15 PM ET
ESCO Technologies entered a new credit agreement on May 29, 2026, with a group of banks led by JPMorgan Chase Bank. The facilities take effect at the closing of an unnamed Transaction and will replace the company's existing credit agreement, which will be terminated at that point. The filing says the borrowings will fund the cash portion of the Transaction's purchase price, refinance existing debt and pay transaction costs, which makes the financing significant for shareholders.
- New facilities include a $500 million senior secured revolving credit facility and a $500 million term loan A facility.
- A term loan B facility is not yet syndicated and is expected to be up to $500 million in initial principal.
- The existing credit agreement, dated August 30, 2023 and scheduled to mature August 30, 2028, will be terminated when the new agreement takes effect.
Read the filing on SEC.gov ↗
May 7, 4:17 PM ET
ESCO Technologies reported fiscal second-quarter 2026 sales of $309 million, up 33.5% from a year earlier, with GAAP EPS from continuing operations of $1.29 and adjusted EPS of $1.91. The company raised its full-year adjusted EPS guidance to $8.00 to $8.25 per share while keeping its revenue guidance at $1.29 billion to $1.33 billion, which signals higher expected profit for shareholders.
- Q2 sales rose $78 million (33.5%) to $309 million; organic sales grew 12.8%, and the Maritime acquisition added $48 million.
- GAAP EPS from continuing operations was $1.29 versus $1.02; adjusted EPS was $1.91 versus $1.17.
- FY2026 adjusted EPS guidance raised to $8.00 to $8.25 from $7.90 to $8.15; revenue guidance maintained at $1.29 billion to $1.33 billion.
- The pending Megger Group acquisition is expected to close in Q1 of fiscal 2027.
Read the filing on SEC.gov ↗
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.