ESCO Technologies(US:ESE)2026-02-05 21:15Financial Performance - Q1 2026 sales increased by $75 million (35.0%) to $290 million compared to $215 million in Q1 2025[4] - Q1 2026 GAAP EPS from continuing operations increased by 40.5% to $1.11 per share compared to $0.79 per share in Q1 2025[4] - Q1 2026 adjusted EPS from continuing operations increased by 72.6% to $1.64 per share compared to $0.95 per share in Q1 2025[4] - Total net sales for Q1 2026 reached $289.7 million, a 35% increase from $214.6 million in Q1 2025[21] - Adjusted net earnings for Q1 2026 were $42.4 million, compared to $24.5 million in Q1 2025, reflecting a 73% year-over-year growth[21][22] - Consolidated EBITDA for Q1 2026 was $64.9 million, up from $41.0 million in Q1 2025, representing a 58% increase[23] - The company reported a consolidated EBIT of $38.4 million for Q1 2026, compared to $28.1 million in Q1 2025, marking a 37% increase[23] Orders and Backlog - Q1 2026 entered orders increased by $328 million (143.0%) to $557 million, resulting in a record backlog of $1.4 billion[4] - Organic orders increased by 39% across all three business segments, reflecting favorable end-market conditions[3] - The ending backlog as of December 31, 2025, was $1.4 billion, an increase from $1.1 billion at the beginning of the quarter[29] Segment Performance - Aerospace & Defense segment sales increased by $62 million (75.7%) to $144 million, driven by strong performance in Navy and aerospace[7] - Utility Solutions Group sales increased by $1 million (1.0%) to $87 million, with Doble sales increasing by $4 million (5.8%) and NRG sales decreasing by $3 million (22.4%) compared to Q1 2025[7] - Test & Measurement segment sales increased by $12 million (26.7%) to $58 million, primarily driven by higher U.S. and European demand[10] Guidance - FY 2026 revenue guidance increased by $20 million, now expected to be in the range of $1.29 to $1.33 billion, reflecting 18% to 21% growth over the prior year[10] - Full year adjusted EPS guidance raised to a range of $7.90 - $8.15 per share, reflecting a 31% to 35% growth[10] Cash and Debt - Cash and cash equivalents at the end of Q1 2026 were $103.8 million, up from $101.4 million at the end of Q4 2025[27] - The total current assets as of December 31, 2025, were $689.7 million, slightly up from $688.5 million as of September 30, 2025[25] - The company’s long-term debt decreased to $125.0 million from $166.0 million in the previous quarter[25] - The company incurred $2.9 million in interest expenses for Q1 2026, compared to $2.3 million in Q1 2025[23]