Core Viewpoint - ESCO Technologies Inc. reported strong financial results for Q4 2024 and FY 2024, with significant sales growth and improved earnings per share, despite a decrease in entered orders in Q4 2024. The company anticipates continued growth in 2025 across its business segments, driven by strong market demand in aerospace, Navy, and electric power sectors [1][2][10]. Operating Highlights - Q4 2024 sales increased by $26 million (9.5%) to $299 million compared to $273 million in Q4 2023, with organic sales up by $23 million (8.5%) and the MPE acquisition contributing $3 million (1.0%) [2]. - FY 2024 sales rose by $71 million (7.4%) to $1.03 billion from $956 million in FY 2023, with organic sales increasing by $61 million (6.4%) and the MPE acquisition adding $10 million (1.0%) [2]. - Q4 2024 GAAP EPS increased by 6.5% to $1.32 per share compared to $1.24 per share in Q4 2023, while adjusted EPS rose by 16.8% to $1.46 per share [2]. - FY 2024 GAAP EPS increased by 10.1% to $3.94 per share compared to $3.58 per share in FY 2023, with adjusted EPS up by 13.0% to $4.18 per share [2]. Segment Performance Aerospace & Defense (A&D) - Q4 2024 sales increased by $17 million (16.2%) to $124 million from $107 million in Q4 2023, driven by strength in Navy, commercial aerospace, and defense aerospace programs [5]. - FY 2024 sales increased by $56 million (14.2%) to $448 million from $392 million in FY 2023 [5]. - Q4 2024 EBIT increased by $4.7 million to $23.4 million, with adjusted EBIT margin improving to 19.4% [5][6]. Utility Solutions Group (USG) - Q4 2024 sales increased by $6 million (6.2%) to $108 million from $102 million in Q4 2023, with FY 2024 sales up by $27 million (7.8%) to $369 million from $342 million [7]. - Q4 2024 EBIT increased by $2.4 million to $28.6 million, with adjusted EBIT margin at 26.4% [7]. RF Test & Measurement (Test) - Q4 2024 sales increased by $2 million (3.6%) to $66 million from $64 million in Q4 2023, while FY 2024 sales decreased by $12 million (5.3%) to $210 million [8]. - Q4 2024 EBIT and adjusted EBIT both increased by $0.9 million to $12.0 million, with a margin of 18.3% [8]. Business Outlook - Management expects net sales to grow by 6% to 8% in FY 2025, reaching a range of $1.09 to $1.11 billion, with A&D growing by 7% to 9%, USG by 7% to 9%, and Test by 3% to 5% [10]. - Adjusted EBIT is anticipated to increase by approximately 12% to 15%, with margins rising to 15.3% to 15.7% of sales [10]. - FY 2025 adjusted EPS is expected to increase by 12% to 17% to a range of $4.70 to $4.90 per share [10]. Strategic Initiatives - The company is in the process of acquiring Signature Management & Power (SM&P) for $550 million, which is expected to enhance its Navy business [9]. - A strategic review of the Space business at VACCO is underway to optimize the company's portfolio and create shareholder value [11][12].

Core Insights - ESE Entertainment Inc. has acquired Bombee Global Entertainment Ltd., expanding its services into live events and entertainment sectors [1][2][4] - The acquisition is seen as a strategic move to enhance ESE's market position and capitalize on the growing demand for live events post-COVID [5] Company Overview - ESE Entertainment Inc. is a global technology company focused on gaming, providing services to video game developers, publishers, and brands [7] - Bombee Global Entertainment Ltd. specializes in live production, special effects, broadcast, and event management for the gaming sector, with a notable client roster including Microsoft, AMD, and Electronic Arts [3][6] Industry Context - The gaming events industry is experiencing significant growth, exemplified by the 2024 Esports World Cup, which had a record prize pool of over $60 million [3] - The convergence of gaming, music, and sports is creating new opportunities for innovative experiences in the entertainment sector [5]

Company Performance - Esco Technologies (ESE) has gained approximately 10.1% year-to-date, outperforming the average gain of 9.8% in the Industrial Products group [2] - The Zacks Consensus Estimate for ESE's full-year earnings has increased by 2.1% over the past 90 days, indicating improved analyst sentiment and a stronger earnings outlook [2] - Esco Technologies currently holds a Zacks Rank of 2 (Buy), suggesting favorable conditions for potential investors [1] Industry Comparison - Esco Technologies is part of the Manufacturing - Electronics industry, which has an average gain of 12.1% year-to-date, indicating that ESE is slightly underperforming its industry [3] - In contrast, Trimble Navigation (TRMB), another stock in the Industrial Products sector, has returned 13.8% year-to-date and is part of the Manufacturing - General Industrial industry, which has declined by 4.1% this year [2][3] - The Zacks Sector Rank places the Industrial Products group at 14 out of 16 groups, reflecting its relative performance within the broader market [1]

Company Overview - ESCO Technologies Inc. is a global provider of highly engineered products and solutions serving diverse end-markets [2] - The company manufactures filtration and fluid control products for aviation, Navy, space, and process markets worldwide [2] - ESCO is an industry leader in designing and manufacturing RF test and measurement products and systems [2] - The company provides diagnostic instruments, software, and services to industrial power users and the electric utility and renewable energy industries [2] - ESCO is headquartered in St. Louis, Missouri, with offices and manufacturing facilities worldwide [2] Upcoming Financial Event - ESCO will report its fourth quarter financial results after the market close on Thursday, November 14, 2024 [1] - A conference call will follow the financial results announcement, scheduled for 4:00 p.m. Central Time on the same day [1] - The conference call will include a webcast and an accompanying slide presentation available in the Investor Center of ESCO's website [1] - A replay of the webcast will be available for those unable to participate live [1]

Core Insights - ESE Entertainment Inc. has acquired Bombee Global Entertainment Ltd., enhancing its growth strategy and expanding its reach in the gaming and entertainment sectors [1][4] - The acquisition is expected to improve ESE's financial performance and provide access to Bombee's strong roster of Tier 1 clients [1][2] Strategic Highlights and Future Objectives - Bombee brings a proven revenue growth track record and a robust project pipeline extending into 2025 and 2026, reinforcing ESE's growth trajectory [2] - The acquisition enhances ESE's technology and production capabilities, including offerings in artificial intelligence, immersive augmented reality, and special effects [2][5] - ESE aims to leverage Bombee's established relationships with industry giants like Electronic Arts to expand its market presence [3] Enhanced Operational Capacity - Bombee's advanced production capabilities will allow ESE to deliver large-scale, high-quality projects across various sectors, including live broadcasting and special effects [3][5] - The combined resources of ESE and Bombee are expected to strengthen their industry position and open new opportunities for innovation [4][5] Leadership and Vision - The leadership teams from both companies bring deep industry expertise, which is anticipated to enhance ESE's operational capabilities and strategic vision [3][4] - ESE's CEO emphasized that the acquisition aligns with the company's vision to become a leader in the North American gaming and entertainment space [4]

Core Viewpoint - ESE Entertainment Inc. has acquired Bombee Global Entertainment Ltd., enhancing its presence in the North American gaming market and positioning itself for future growth and innovation in the industry [1][2]. Acquisition Details - The acquisition was executed through a share purchase agreement, where ESE acquired all outstanding shares of Bombee Americas for a total consideration of $1,500,000 in cash and 30,000,000 common shares valued at $0.10 each [2][3]. - The cash payment structure includes $750,000 at closing, $375,000 six months post-closing, and another $375,000 twelve months post-closing, subject to adjustments based on working capital [2]. Operational Continuity - The founders of Bombee Americas will continue to manage the business under ESE for three years, ensuring operational continuity and a smooth transition [3]. - The acquisition includes the assumption of Bombee Americas' liabilities, which are expected to have a negligible impact on ESE's overall operations [3]. Strategic Implications - This acquisition marks a significant milestone for ESE, referred to as a "2.0 version" of the company, aimed at delivering enhanced value to partners and improving the gaming experience for clients globally [2]. - ESE aims to leverage Bombee's expertise in live production and event management to expand its service offerings in the gaming sector [1][2].

VANCOUVER, BC, Sept. 13, 2024 /PRNewswire/ - ESE Entertainment Inc. (TSXV: ESE) (OTCQB: ENTEF) ("ESE" or the "Company"), a gaming company that provides a range of services to leading video game developers and publishers, is pleased to announce the appointment of Ryan Maarschalk B.Sc, CPA, as a Director of the Company. About Mr. Maarschalk Mr. Ryan Maarschalk was previously a Director of ESE Entertainment, after its initial public listing and subsequent valuation growth. He brings over two decades of leaders ...

Q3 2024 Performance Highlights - Entered orders increased significantly to $311.7 million, a 46.1% increase compared to $213.3 million in Q3 2023[6,7] - Sales increased to $260.8 million, a 4.8% increase compared to $248.7 million in Q3 2023[6,7] - Adjusted EBIT increased to $41.4 million, an 8.0% increase compared to $38.3 million in Q3 2023[6,7] - Adjusted EPS increased to $1.16, a 6.4% increase compared to $1.09 in Q3 2023[6,7] Segment Performance - A&D (Aerospace & Defense) entered orders increased by 79.3% to $146.9 million compared to $81.9 million in Q3 2023, but Adjusted EBIT decreased by 1.0% to $21.5 million[8,10] - USG (Utility Solutions Group) entered orders increased by 17.0% to $100.0 million compared to $85.5 million in Q3 2023, and Adjusted EBIT increased by 8.5% to $22.2 million[12,13] - Test segment entered orders increased significantly by 41.4% to $64.8 million compared to $45.9 million in Q3 2023, and Adjusted EBIT increased by 7.6% to $9.3 million[16,17] Year-to-Date (YTD) Results - Entered orders increased by 21.7% to $844.5 million compared to $693.8 million in Q3 YTD 2023[18,20] - Sales increased by 6.6% to $728.2 million compared to $683.4 million in Q3 YTD 2023[18,20] - Adjusted EBIT increased by 11.9% to $98.3 million compared to $87.8 million in Q3 YTD 2023[18,20] - Adjusted EPS increased by 11.0% to $2.72 compared to $2.45 in Q3 YTD 2023[19,20] FY'24 Guidance - The company expects sales growth of 7% to 8%, projecting sales in the range of $1.02 billion to $1.03 billion[24] - The company anticipates Q4 2024 Adjusted EPS in the range of $1.38 to $1.48, representing growth of 10% to 18% over the prior year[24] - The company revised its full-year Adjusted EPS guidance to a range of $4.10 to $4.20, representing growth of 11% to 14% over the prior year[24]

St. Louis, Aug. 07, 2024 (GLOBE NEWSWIRE) -- ESCO Technologies Inc. (NYSE: ESE) (ESCO, or the Company) today reported its operating results for the third quarter ended June 30, 2024 (Q3 2024). Operating Highlights Q3 2024 Sales increased $12.1 million (5 percent) to $260.8 million compared to $248.7 million in Q3 2023. Q3 organic sales increased $8.7 million (4 percent) and the MPE acquisition contributed $3.4 million (1 percent) of revenue in the quarter. Q3 2024 GAAP EPS increased 5 percent to $1.13 per s ...

For those unable to participate, a webcast replay will be available after the call in the Investor Center of ESCO's website. ESCO is a global provider of highly engineered products and solutions serving diverse end-markets. It manufactures filtration and fluid control products for the aviation, Navy, space, and process markets worldwide and composite-based products and solutions for Navy, defense, and industrial customers. ESCO is an industry leader in designing and manufacturing RF test and measurement pro ...