Esco Technologies Inc is a diversified engineering and manufacturing company that develops innovative solutions for various industries, including aerospace, telecommunications, electronics, and utility markets
The company specializes in producing high-performance products and systems, such as test and measurement equipment, filtration solutions, and environmental monitoring systems. Esco's commitment to technological advancement, quality assurance, and customer service underpins its reputation as a trusted partner in delivering reliable and efficient solutions to complex challenges in their clients' operations.
Vertically integrated manufacturing solutions provider Mayville Engineering Company (NYSEMEC)
will be announcing earnings results tomorrow after market close. Here’s what investors should know.
Industrial technology solutions provider EnPro Industries (NYSENPO)
will be announcing earnings results tomorrow morning. Here’s what investors should know.
Shares of engineered products manufacturer ESCO (NYSEESE) jumped 21.6% in the afternoon session after the company reported strong fourth-quarter results and provided optimistic EPS guidance for the next quarter, which beat analysts' expectations. The quarter was also solid as sales and EPS outperformed Wall Street's estimates. Notably, sales accelerated, and the improvements were broad-based. Overall, this was an impressive quarter.
Engineered products manufacturer ESCO (NYSEESE) announced better-than-expected revenue in Q4 CY2024, with sales up 13.2% year on year to $247 million. Its non-GAAP profit of $1.07 per share was 47.1% above analysts’ consensus estimates.
As the Q3 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the engineered components and systems industry, including ESCO (NYSEESE) and its peers.
Over the past six months, ESCO has been a great trade, beating the S&P 500 by 21.8%. Its stock price has climbed to $131.79, representing a healthy 27.8% increase. This performance may have investors wondering how to approach the situation.
Looking back on engineered components and systems stocks’ Q3 earnings, we examine this quarter’s best and worst performers, including Graham Corporation (NYSEGHM) and its peers.
Engineered products manufacturer ESCO (NYSEESE) reported Q3 CY2024 results beating Wall Street’s revenue expectations, with sales up 9.5% year on year to $298.5 million. On the other hand, the company’s full-year revenue guidance of $1.1 billion at the midpoint came in 6% below analysts’ estimates. Its non-GAAP profit of $1.46 per share was 1.4% above analysts’ consensus estimates.
