ESCO Technologies Files Q3 2024 10-Q
Ticker: ESE · Form: 10-Q · Filed: Aug 9, 2024 · CIK: 866706
Sentiment: neutral
Topics: 10-Q, financials, quarterly-report
TL;DR
ESCO Tech's Q3 10-Q is in: financials updated, check retained earnings & common stock.
AI Summary
ESCO Technologies Inc. filed its 10-Q for the period ending June 30, 2024. The filing details the company's financial performance and position, including its assets, liabilities, and equity as of June 30, 2024. Key financial statement components like Retained Earnings and Common Stock are reported.
Why It Matters
This filing provides investors with an update on ESCO Technologies' financial health and operational performance for the third quarter of fiscal year 2024.
Risk Assessment
Risk Level: low — This is a routine quarterly financial filing with no immediate red flags.
Key Numbers
- 2024-06-30 — Reporting Date (Financial statements as of this date)
- 2024-03-31 — Previous Quarter End (Comparison point for financial changes)
Key Players & Entities
- ESCO TECHNOLOGIES INC (company) — Filer
- 20240630 (date) — Period of Report
- 20240809 (date) — Filing Date
- 0000866706 (company) — Central Index Key
FAQ
What is the reporting period for this 10-Q filing?
The Conformed Period of Report is 20240630, indicating the period ending June 30, 2024.
When was this 10-Q filed with the SEC?
The filing date was 20240809.
What is the Central Index Key for ESCO TECHNOLOGIES INC?
The Central Index Key for ESCO TECHNOLOGIES INC is 0000866706.
What is the company's Standard Industrial Classification code?
The SIC code is 3669, categorized as COMMUNICATIONS EQUIPMENT, NEC.
What are some of the key equity components reported as of June 30, 2024?
Key equity components reported include Treasury Stock Common Member, Retained Earnings Member, Common Stock Member, Additional Paid In Capital Member, and Accumulated Other Comprehensive Income Member.
Filing Stats: 4,374 words · 17 min read · ~15 pages · Grade level 13.6 · Accepted 2024-08-09 12:05:56
Key Financial Figures
- $0.01 — ich registered Common Stock, par value $0.01 per share ESE New York Stock Exchan
Filing Documents
- ese-20240630x10q.htm (10-Q) — 1289KB
- ese-20240630xex10d1.htm (EX-10.1) — 41KB
- ese-20240630xex31d1.htm (EX-31.1) — 12KB
- ese-20240630xex31d2.htm (EX-31.2) — 12KB
- ese-20240630xex32.htm (EX-32) — 12KB
- 0001410578-24-001264.txt ( ) — 6660KB
- ese-20240630.xsd (EX-101.SCH) — 35KB
- ese-20240630_cal.xml (EX-101.CAL) — 53KB
- ese-20240630_def.xml (EX-101.DEF) — 125KB
- ese-20240630_lab.xml (EX-101.LAB) — 339KB
- ese-20240630_pre.xml (EX-101.PRE) — 229KB
- ese-20240630x10q_htm.xml (XML) — 1567KB
FINANCIAL INFORMATION
PART I. FINANCIAL INFORMATION
FINANCIAL STATEMENTS
ITEM 1. FINANCIAL STATEMENTS ESCO TECHNOLOGIES INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) (Dollars in thousands, except per share amounts) Three Months Ended June 30, 2024 2023 Net sales $ 260,783 248,749 Costs and expenses: Cost of sales 157,435 147,274 Selling, general and administrative expenses 54,955 55,376 Amortization of intangible assets 8,145 7,132 Interest expense, net 3,335 2,495 Other expenses (income), net ( 259 ) 966 Total costs and expenses 223,611 213,243 Earnings before income taxes 37,172 35,506 Income tax expense 7,942 7,563 Net earnings $ 29,230 27,943 Earnings per share: Basic - Net earnings 1.14 1.08 Diluted - Net earnings $ 1.13 1.08 See accompanying notes to condensed consolidated financial statements. 2 ESCO TECHNOLOGIES INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) (Dollars in thousands, except per share amounts) Nine Months Ended June 30, 2024 2023 Net sales $ 728,226 683,386 Costs and expenses: Cost of sales 443,933 415,953 Selling, general and administrative expenses 164,020 160,555 Amortization of intangible assets 24,585 21,023 Interest expense, net 9,228 6,422 Other expenses, net 613 1,678 Total costs and expenses 642,379 605,631 Earnings before income taxes 85,847 77,755 Income tax expense 18,229 17,207 Net earnings $ 67,618 60,548 Earnings per share: Basic — Net earnings $ 2.62 2.35 Diluted — Net earnings $ 2.62 2.34 See accompanying notes to condensed consolidated financial statements. 3 ESCO TECHNOLOGIES INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) (Dollars in thousands) Three Months Ended Nine Months Ended June 30, June 30, 2024 2023 2024 2023 Net earnings $ 29,230 27,943 67,618 60,548 Other comprehensive income (loss), net