ESCO Technologies Q1 2025 Financial Update
Ticker: ESE · Form: 10-Q · Filed: Feb 10, 2025 · CIK: 866706
Sentiment: neutral
Topics: 10-Q, financials, equity
TL;DR
ESCO Tech's Q1 2025 10-Q is out. Key equity accounts detailed.
AI Summary
ESCO Technologies Inc. filed its 10-Q for the period ending December 31, 2024. The company reported its financial position and results of operations. Key financial statement line items such as Retained Earnings, Common Stock, Additional Paid-In Capital, and Accumulated Other Comprehensive Income were disclosed for the periods ending December 31, 2024, September 30, 2024, and December 31, 2023.
Why It Matters
This filing provides investors with a snapshot of ESCO Technologies' financial health and performance as of the end of the first quarter of fiscal year 2025.
Risk Assessment
Risk Level: low — This is a routine quarterly financial filing with no immediate red flags.
Key Numbers
- 2024-12-31 — Reporting Date (Financial data as of this date)
- 2024-09-30 — Prior Period Date (Financial data for comparison)
- 2023-12-31 — Prior Year Date (Year-over-year comparison point)
Key Players & Entities
- ESCO TECHNOLOGIES INC (company) — Filer
- 2024-12-31 (date) — Period of Report
- 2025-02-10 (date) — Filed as of Date
- ST LOUIS (location) — Business Address City
- MO (location) — Business Address State
FAQ
What were the key components of ESCO Technologies' equity as of December 31, 2024?
As of December 31, 2024, ESCO Technologies reported Treasury Stock, Retained Earnings, Common Stock, Additional Paid-In Capital, and Accumulated Other Comprehensive Income.
How does the Retained Earnings balance on December 31, 2024, compare to September 30, 2024?
The filing indicates Retained Earnings for both December 31, 2024, and September 30, 2024, allowing for a sequential comparison.
What is ESCO Technologies' fiscal year end?
ESCO Technologies' fiscal year ends on September 30.
When was ESCO Technologies Inc. formerly known as ESCO ELECTRONICS CORP?
The company changed its name from ESCO ELECTRONICS CORP on July 3, 1992.
What is the SIC code for ESCO Technologies Inc.?
The Standard Industrial Classification code for ESCO Technologies Inc. is 3669, for Communications Equipment, NEC.
Filing Stats: 4,335 words · 17 min read · ~14 pages · Grade level 14.9 · Accepted 2025-02-10 14:11:32
Key Financial Figures
- $0.01 — ich registered Common Stock, par value $0.01 per share ESE New York Stock Exchan
Filing Documents
- ese-20241231x10q.htm (10-Q) — 883KB
- ese-20241231xex31d1.htm (EX-31.1) — 11KB
- ese-20241231xex31d2.htm (EX-31.2) — 11KB
- ese-20241231xex32.htm (EX-32) — 7KB
- 0001410578-25-000100.txt ( ) — 5136KB
- ese-20241231.xsd (EX-101.SCH) — 32KB
- ese-20241231_cal.xml (EX-101.CAL) — 53KB
- ese-20241231_def.xml (EX-101.DEF) — 109KB
- ese-20241231_lab.xml (EX-101.LAB) — 303KB
- ese-20241231_pre.xml (EX-101.PRE) — 206KB
- ese-20241231x10q_htm.xml (XML) — 1016KB
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 December 31, 2024 2023 Net sales $ 247,026 218,314 Costs and expenses: Cost of sales 148,642 134,151 Selling, general and administrative expenses 58,784 53,968 Amortization of intangible assets 7,993 7,868 Interest expense, net 2,257 2,667 Other (income) expenses, net ( 591 ) 206 Total costs and expenses 217,085 198,860 Earnings before income taxes 29,941 19,454 Income tax expense 6,468 4,285 Net earnings $ 23,473 15,169 Earnings per share: Basic - Net earnings $ 0.91 0.59 Diluted - Net earnings $ 0.91 0.59 See accompanying notes to consolidated financial statements. 2 ESCO TECHNOLOGIES INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) (Dollars in thousands) Three Months Ended December 31, 2024 2023 Net earnings $ 23,473 15,169 Other comprehensive income (loss), net of tax: Foreign currency translation adjustments ( 18,028 ) 9,414 Total other comprehensive income (loss), net of tax ( 18,028 ) 9,414 Comprehensive income $ 5,445 24,583 See accompanying notes to consolidated financial statements. 3 ESCO TECHNOLOGIES INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (Dollars in thousands) December 31, September 30, 2024 2024 ASSETS Current assets: Cash and cash equivalents $ 71,284 65,963 Accounts receivable, net of allowance for credit losses of $ 2,775 and $ 2,734 , respectively 202,661 240,680 Contract assets, net 131,404 130,534 Inventories 219,383 209,164 Other current assets 20,779 22,308 Total current assets 645,511 668,649 Property, plant and equipment, net of accumulated depreciation of $ 200,478 and $ 197,265 , respectively 168,468 170,596 In