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Update: ESCO Technologies' Shares Rise After Fiscal Q1 Adjusted Earnings, Sales Rise
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Update: ESCO Technologies' Shares Rise After Fiscal Q1 Adjusted Earnings, Sales Rise
Feb 7, 2025 9:07 AM

11:40 AM EST, 02/07/2025 (MT Newswires) -- (Updates with the latest stock movement in the first paragraph and headline.)

ESCO Technologies ( ESE ) shares were up nearly 20% in recent Friday trading after the company reported higher fiscal Q1 results.

The company reported fiscal Q1 adjusted earnings Thursday of $1.07 per diluted share, up from $0.76 a year earlier.

Four analysts polled by FactSet expected $0.73.

Sales for the quarter ended Dec. 31 were $247 million, up from $218.3 million a year earlier. Analysts expected $232.4 million.

The company said it expects fiscal Q2 adjusted earnings of $1.20 to $1.30. Four analysts surveyed by FactSet expect $1.06. For fiscal 2025, the company expects adjusted earnings of $5.55 to $5.75. This compares with the previous forecast of $4.70 to $4.90. Four analysts surveyed by FactSet expect $4.80.

For 2025, the company continues to expect revenue of $1.09 billion to $1.11 billion. Analysts polled by FactSet expect $1.16 billion.

Price: 158.08, Change: +25.66, Percent Change: +19.38

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