Quarterly ResultMay 7, 2026, 04:17 PM
ESCO Q2 Sales +33.5% to $309M; Adj. EPS +63.2% to $1.91
AI Summary
ESCO Technologies reported strong operating results for Q2 2026, with sales increasing 33.5% to $309 million and Adjusted EPS from continuing operations rising 63.2% to $1.91 per share. The company also saw a 42.4% increase in entered orders, leading to a record backlog of $1.5 billion. ESCO maintained its FY 2026 revenue guidance and raised its Adjusted EPS guidance, while also providing an update on the pending Megger acquisition.
Key Highlights
- Q2 2026 sales increased 33.5% to $309 million.
- Adjusted EPS from continuing operations rose 63.2% to $1.91 per share.
- Entered orders increased 42.4% to $378 million, resulting in record backlog of $1.5 billion.
- Aerospace & Defense sales grew 67.7% to $150.3 million; Adjusted EBIT up 78%.
- RF Test & Measurement sales increased 27.5% to $65.5 million; Adjusted EBIT up 59%.
- FY 2026 Adjusted EPS guidance raised to $8.00-$8.25 per share.
- Megger Group Limited acquisition anticipated to close in Q1 fiscal 2027.
- Declared quarterly cash dividend of $0.08 per share.