Esco Technologies ( (ESE) ) has provided an update.
ESCO Technologies Inc. announced a robust fiscal year 2024 with significant growth in sales and earnings, driven by strong performance across its divisions and strategic acquisitions. The fourth quarter saw a 9.5% sales increase to $299 million, while the full year sales exceeded the $1 billion mark, showcasing a 7.4% rise. Adjusted Earnings Per Share (EPS) surged by 16.8% in Q4 and 13% for the year, reflecting operational efficiencies and enhanced market positioning. As the company enters 2025, it anticipates continued momentum in its key aerospace, Navy, and electric power markets.
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