NYSE$ESE

ESCO Technologies Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

ESCO Technologies reported solid results driven by cost optimization and program execution, with revenue growth in USG and Test, strong cash flow, and increased orders and backlog.

ESCO Technologies reported Q4 2021 results, with GAAP EPS of $0.78 and adjusted EPS of $0.85. The company saw a 50% increase in entered orders to $259 million. They are entering 2022 with confidence due to a record ending backlog.

  • Q4 GAAP EPS was $0.78 and Adjusted EPS was $0.85.
  • Entered orders were up $86 million (50 percent) over the prior Q4 to $259 million.
  • Q4 Adjusted EBITDA margin increased to 19.5 percent from 18.9 percent in the prior year.
  • Cash flow from operations increased $15 million (13 percent) over the prior year.

Headline financials

Total Revenue

$205M

Previous: $208M-1.2%
EPS (adj)

$0.85

Previous: $0.90-5.6%
Net Income

$20.4M

Previous: -$21M+197.0%
Gross Profit

$77.2M

Previous: $78.3M-1.3%
Cash & Equivalents

$587M

Previous: $52.6M+1016.8%
Total Assets

$1.58B

Previous: $1.37B+15.1%
Stock-Based Comp

$1.53M

Previous: $1.37M+11.9%

Revenue & EPS history

ESCO Technologies · Revenue · Quarterly

$205M

Q4 2021-1.2%vs Q4 2020
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Revenue by segment

ESCO Technologies · $150M total across 2 segments · Q2 2023

  • Aerospace & Defense
    $98.9M
  • Test & Measurement
    $51.2M

Forward guidance

Management expects meaningful growth in sales, Adjusted EBIT, and Adjusted EBITDA across each of the Company’s business segments in 2022. These projections exclude the impact of any additional M&A contributions throughout the year.

Tailwinds

  • Meaningful growth in sales expected.
  • Adjusted EBIT growth anticipated.
  • Growth in Adjusted EBITDA expected.
  • Growth expected across each business segment.
  • Excludes impact of additional M&A.

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 Q4 2021

Historical avgQ4 2021

+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

Earnings price reactions
QuarterReport dateReaction (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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