ESCO Technologies Inc (ESE) Q4 2024 Earnings Report

- Revenue: $298.533 million; YoY +9.49%; QoQ +14.48% (Q4 2024 vs Q4 2023 and prior quarter).
- Gross Profit: $119.725 million; Gross margin 40.10%; YoY +10.63%; QoQ +15.85%.
- Operating Income: $25.529 million; Operating margin 8.55%; YoY -41.37%; QoQ -31.32%.
- Net Income: $34.263 million; Net margin 11.48%; YoY +7.08%; QoQ +17.22%.
- EPS: Diluted $1.32; Adjusted EPS $1.46 (up 17% YoY); QoQ growth 16.7%.
- Backlog: End of period just over $879 million for the year; Aerospace & Defense backlog just over $600 million; Test backlog $159 million.
- Cash Flow: Net cash provided by operating activities $72.088 million; Free cash flow $57.337 million; Cash at end of period $65.963 million.
- Balance Sheet: Total assets $1.8386 billion; Total debt $179.834 million; Net debt $113.871 million; Current ratio 1.911; Quick ratio 1.313; Debt-to-capitalization 11.0%.
- Shareholder Returns: Capital expenditures $14.751 million; acquisitions (MPE) contributed; share repurchases ~$8.0 million.
- Guidance (2025): 6%–8% revenue growth; 12%–17% adjusted EPS growth; Q1 2025 adjusted EPS guidance of $0.68–$0.75. “Double-digit growth in EBIT and EBITDA” implied for 2025 with adjusted EPS range of $4.70–$4.90.