ESCO Technologies Files 2024 Annual Report
Ticker: ESE · Form: 10-K · Filed: Nov 29, 2024 · CIK: 866706
Sentiment: neutral
Topics: 10-K, annual-report, communications-equipment
TL;DR
ESCO Tech 10-K filed: full year financials out, check it for the latest on their comms equipment biz.
AI Summary
ESCO Technologies Inc. filed its 10-K for the fiscal year ending September 30, 2024. The company, headquartered in St. Louis, MO, operates in the communications equipment sector. Key financial details and operational aspects are presented in this annual report.
Why It Matters
This filing provides a comprehensive overview of ESCO Technologies' financial performance and strategic positioning for the past fiscal year, crucial for investors and stakeholders to assess the company's health and future prospects.
Risk Assessment
Risk Level: medium — The filing is a standard annual report and does not inherently indicate new or elevated risks.
Key Players & Entities
- ESCO TECHNOLOGIES INC (company) — Filer
- ST LOUIS (location) — Company Headquarters
- MO (location) — Company Headquarters State
- 20240930 (date) — Fiscal Year End
FAQ
What is ESCO Technologies Inc.'s primary industry classification?
ESCO Technologies Inc. is classified under COMMUNICATIONS EQUIPMENT, NEC [3669].
Where is ESCO Technologies Inc. headquartered?
The company's business and mailing address is 9900 A CLAYTON RD, ST LOUIS, MO 63124.
What is the SEC file number for ESCO Technologies Inc.'s 10-K filing?
The SEC file number is 001-10596.
What is the fiscal year end date for this 10-K filing?
The conformed period of report, which is the fiscal year end, is 20240930.
What was the former name of ESCO Technologies Inc. and when did the name change occur?
The former company name was ESCO ELECTRONICS CORP, and the date of the name change was 19920703.
Filing Stats: 4,347 words · 17 min read · ~14 pages · Grade level 15.9 · Accepted 2024-11-29 13:44:55
Key Financial Figures
- $0.01 — ich registered Common Stock, par value $0.01 per share ESE New York Stock Exchan
- $107.05 — ew York Stock Exchange closing price of $107.05 on March 28, 2024: approximately $ 2,75
- $550 m — a total purchase price of approximately $550 million, plus or minus certain customary
- $879.0 m — f firm orders at September 30, 2024 was $879.0 million, representing an increase of $106
- $106.6 million — .0 million, representing an increase of $106.6 million (13.8%) from the backlog of $772.4 mill
- $772.4 million — 6.6 million (13.8%) from the backlog of $772.4 million at September 30, 2023. By segment, the
- $600.4 million — d September 30, 2023, respectively, was $600.4 million and $484.1 million for A&D; $120.0 mill
- $484.1 million — 3, respectively, was $600.4 million and $484.1 million for A&D; $120.0 million and $133.5 mill
- $120.0 million — 0.4 million and $484.1 million for A&D; $120.0 million and $133.5 million for USG; and $158.6
- $133.5 million — 4.1 million for A&D; $120.0 million and $133.5 million for USG; and $158.6 million and $154.8
- $158.6 million — million and $133.5 million for USG; and $158.6 million and $154.8 million for Test. We estimat
- $154.8 million — million for USG; and $158.6 million and $154.8 million for Test. We estimate that as of Septem
Filing Documents
- ese-20240930x10k.htm (10-K) — 2196KB
- ese-20240930xex10d1b.htm (EX-10.1(B)) — 743KB
- ese-20240930xex10d1c.htm (EX-10.1(C)) — 1872KB
- ese-20240930xex10d14.htm (EX-10.14) — 231KB
- ese-20240930xex10d15.htm (EX-10.15) — 1211KB
- ese-20240930xex19.htm (EX-19) — 53KB
- ese-20240930xex21.htm (EX-21) — 23KB
- ese-20240930xex23.htm (EX-23) — 4KB
- ese-20240930xex31d1.htm (EX-31.1) — 11KB
- ese-20240930xex31d2.htm (EX-31.2) — 11KB
- ese-20240930xex32.htm (EX-32) — 7KB
- ese-20240930x10k006.gif (GRAPHIC) — 10KB
- ese-20240930xex10d1b001.jpg (GRAPHIC) — 5KB
- ese-20240930xex10d1c001.jpg (GRAPHIC) — 5KB
- 0001410578-24-002064.txt ( ) — 14279KB
- ese-20240930.xsd (EX-101.SCH) — 52KB
- ese-20240930_cal.xml (EX-101.CAL) — 79KB
- ese-20240930_def.xml (EX-101.DEF) — 191KB
- ese-20240930_lab.xml (EX-101.LAB) — 520KB
- ese-20240930_pre.xml (EX-101.PRE) — 383KB
- ese-20240930x10k_htm.xml (XML) — 1890KB
Business
Business 1 The Company 1 Products 2 Marketing and Sales 3 Government Contracts 3 Intellectual Property 4 Backlog 4 Purchased Components and Raw Materials 5 Competition 5 Research and Development 6 Environmental Matters and Government Regulation 6 Human Capital Management 6 Financing 7 Additional Information 7 Information about our Executive Officers 8 1A.
Risk Factors
Risk Factors 8 1B. Unresolved Staff Comments 14 1C. Cybersecurity 14 2.
Legal Proceedings
Legal Proceedings 16 4. Mine Safety Disclosures 16 PART II 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 17 6. [Reserved] 18 7.
Management's Discussion and Analysis of Financial Condition and Results of Operations
Management's Discussion and Analysis of Financial Condition and Results of Operations 18 7A.
Quantitative and Qualitative Disclosures about Market Risk
Quantitative and Qualitative Disclosures about Market Risk 26 8.
Financial Statements and Supplementary Data
Financial Statements and Supplementary Data 27 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 27 9A.
Controls and Procedures
Controls and Procedures 27 9B. Other Information 28 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 28 PART III 10. Directors, Executive Officers and Corporate Governance 29 11.
Executive Compensation
Executive Compensation 29 12.
Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters
Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 29 13. Certain Relationships and Related Transactions, and Director Independence 30 14. Principal Accountant Fees and Services 30 PART IV 15. Exhibits, Financial Statement Schedules 31 16. Form 10-K Summary 33
SIGNATURES
SIGNATURES 34 FINANCIAL INFORMATION F-1 EXHIBITS i Table of Contents FORWARD-LOOKING INFORMATION
Business
Item 1. Business The Company The Registrant is ESCO Technologies Inc., sometimes referred to in this report as ESCO. Except where the context indicates otherwise, the terms "Company", "we", "our" and "us" are used in this report to refer to ESCO together with its subsidiaries through which its businesses are conducted. We are: A global provider of highly engineered filtration and fluid control products and integrated propulsion systems for the aviation, navy, space and process markets worldwide, as well as composite-based products and solutions for navy, defense and industrial customers; An industry leader in radio frequency (RF) shielding and electromagnetic compatibility (EMC) test products; and A provider of diagnostic instruments, software and services for the benefit of the electric utility and renewable energy industries and industrial power users. Our business is focused on generating predictable and profitable long-term growth in sales and earnings through continued expansion of our product offerings across each of our business segments. Our corporate strategy is centered on a multi-segment portfolio serving our established high-growth, high-margin end markets through a number of wholly-owned direct and indirect subsidiaries. Our stock is listed on the New York Stock Exchange, where its ticker symbol is "ESE". Our fiscal year ends September 30. Throughout this Annual Report, unless the context indicates otherwise, references to a year (for example 2024) refer to our fiscal year ending on September 30 of that year, and references to the "Consolidated Financial Statements" refer to our Consolidated Financial statements included in the Financial Information section of this Annual Report beginning on page F-1, an Index to which is provided on page F-1. We classify our business operations into three segments for financial reporting purposes, although for reporting certain financial information we treat Corporate activities as a separate segment. Our th