ESCO Technologies Third Quarter 2024 Earnings: Misses Expectations

ESCO Technologies (NYSE:ESE) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$260.8m (up 4.8% from 3Q 2023).
• Net income: US$29.2m (up 4.6% from 3Q 2023).
• Profit margin: 11% (in line with 3Q 2023).
• EPS: US$1.13 (up from US$1.09 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

ESCO Technologies Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 6.0%. Earnings per share (EPS) also missed analyst estimates by 4.0%.

Looking ahead, revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Machinery industry in the US.

Performance of the American Machinery industry.

The company's shares are up 1.7% from a week ago.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. See our latest analysis on ESCO Technologies' balance sheet health.

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