NYSE$ESE
ESCO Technologies Inc · Q2 2022 earnings
Q2 2022 earnings · · Investor relations
Briefing
Reported strong orders, sales, and earnings growth in Q2.
ESCO Technologies reported a strong second quarter with a 23.5% increase in sales to $205 million and a book-to-bill ratio of 1.15x, driven by increased activity from North American utility customers and a recovery in commercial aerospace revenue. The company achieved record Q2 revenue and a 16% growth in Adjusted EPS, despite facing challenges from supply chain issues and inflation. The company expects revenue and earnings to be more second half weighted.
- Q2 GAAP EPS was $0.64 and Adjusted EPS was $0.65.
- Q2 Sales increased 23.5% to $205 million.
- Q2 Orders totaled $236 million, resulting in a book-to-bill ratio of 1.15x.
- Year-to-date orders are up 38% over the prior year, leading to a record backlog.
Headline financials
Revenue & EPS history
ESCO Technologies · Revenue · Quarterly
$205M
Revenue by segment
ESCO Technologies · $150M total across 2 segments · Q2 2023
- Aerospace & Defense$98.9M—65.9%
- Test & Measurement$51.2M—34.1%
Forward guidance
Management's expectations for 2022 remain consistent with the details outlined in our November 18, 2021 release. Expects Q3 Adjusted EPS in the range of $0.84 to $0.91 per share.
Tailwinds
- 2022 guidance represents meaningful growth in sales, Adjusted EBIT, and Adjusted EBITDA across each of the Company’s business segments.
- Year-to-date results have generally matched expectations.
- Solid backlog driving revenue growth.
- Improving margins.
- On track to deliver stated goal for the year of adjusted earnings per share in the range of $3.10 to $3.20.
Headwinds
- Revenue and earnings will be more second half weighted and reflect a significant ramp compared to the first half of the year.
- Supply chain issues.
- Wage inflation.
- Material cost inflation.
- Economic disruptions.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2022
+0.4%
Avg return
Earnings day
+1.9%
Avg return
5 days after
+1.0%
Avg return
30 days after
50%
34 / 68 earnings
Positive
+19.7%
Q1 2025
Best reaction
-12.7%
Q3 2017
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2026 | -1.0% | -9.4% | -11.7% | |
| Q1 2026 | +6.2% | +18.8% | +11.8% | |
| Q4 2025 | +6.4% | +1.3% | -5.4% | |
| Q2 2025 | +5.7% | +13.4% | +12.6% | |
| Q1 2025 | +19.7% | +25.0% | +21.9% | |
| Q4 2024 | +0.7% | +2.1% | -2.3% | |
| Q3 2024 | +3.0% | +2.8% | +1.9% | |
| Q2 2024 | -4.1% | -4.1% | -3.1% | |
| Q1 2024 | -4.8% | -5.0% | -2.2% | |
| Q4 2023 | +0.3% | -0.1% | +8.8% | |
| Q3 2023 | +2.5% | +1.6% | -1.1% | |
| Q2 2023 | +1.1% | +0.7% | +0.2% | |
| Q1 2023 | -7.5% | -5.0% | -12.3% | |
| Q4 2022 | +2.9% | +6.2% | -2.5% | |
| Q3 2022 | +1.5% | +13.7% | +3.2% | |
| Q2 2022 | +6.1% | +4.2% | +9.1% | |
| Q1 2022 | -3.6% | -8.6% | -7.3% | |
| Q4 2021 | +0.5% | -2.4% | -6.2% | |
| Q3 2021 | +1.1% | -4.1% | -9.3% | |
| Q2 2021 | -0.5% | -0.0% | -15.9% | |
| Q1 2021 | +2.6% | +3.7% | +8.3% | |
| Q4 2020 | -1.1% | +3.7% | +0.7% | |
| Q3 2020 | +1.3% | -0.0% | -4.4% | |
| Q2 2020 | +1.8% | +6.0% | +20.7% | |
| Q1 2020 | +7.2% | +5.8% | -8.3% | |
| Q4 2019 | +2.0% | +0.5% | +4.6% | |
| Q3 2019 | -4.2% | -4.6% | -3.6% | |
| Q2 2019 | -4.3% | -3.0% | -3.7% | |
| Q1 2019 | +1.2% | +2.1% | +2.4% | |
| Q4 2018 | +10.8% | +9.7% | +7.8% | |
| Q3 2018 | +6.8% | +6.7% | +11.4% | |
| Q2 2018 | +2.1% | -1.0% | +4.0% | |
| Q1 2018 | +6.5% | +1.1% | +1.2% | |
| Q4 2017 | -1.2% | +3.5% | +4.7% | |
| Q3 2017 | -12.7% | -16.0% | -10.9% | |
| Q2 2017 | -2.2% | -1.8% | +0.6% | |
| Q1 2017 | -7.7% | -4.6% | -6.4% | |
| Q4 2016 | +5.6% | +9.5% | +12.7% | |
| Q3 2016 | -0.1% | +0.9% | +5.6% | |
| Q2 2016 | -1.1% | — | — | |
| Q1 2016 | -2.2% | — | — | |
| Q4 2015 | +0.3% | — | — | |
| Q3 2015 | -2.6% | — | — | |
| Q2 2015 | +0.5% | — | — | |
| Q1 2015 | -2.5% | — | — | |
| Q4 2014 | -2.1% | — | — | |
| Q3 2014 | +0.9% | — | — | |
| Q2 2014 | +3.0% | — | — | |
| Q1 2014 | +4.9% | — | — | |
| Q4 2013 | -2.0% | — | — | |
| Q3 2013 | -4.1% | — | — | |
| Q2 2013 | -8.3% | — | — | |
| Q1 2013 | -0.5% | — | — | |
| Q4 2012 | -0.7% | — | — | |
| Q3 2012 | +0.6% | — | — | |
| Q2 2012 | +1.0% | — | — | |
| Q1 2012 | +5.9% | — | — | |
| Q4 2011 | +3.1% | — | — | |
| Q3 2011 | -3.3% | — | — | |
| Q2 2011 | -1.1% | — | — | |
| Q1 2010 | -2.0% | — | — | |
| Q1 2011 | -0.4% | — | — | |
| Q4 2010 | -2.1% | — | — | |
| Q2 2010 | -2.1% | — | — | |
| Q4 2008 | -2.1% | — | — | |
| Q4 2009 | -2.3% | — | — | |
| Q3 2009 | -2.3% | — | — | |
| Q3 2010 | -2.3% | — | — |
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