ESCO Technologies: Growth In Aerospace And Increasing Power Demand

Synopsis Historical Financial Analysis ESE's past financial results have demonstrated robust top-line growth. In 2021, it reported total net sales of approximately $715.40 million. In 2022, net sales grew 19.9% year-over-year to $857.5 million. This growth was driven by all three segments, which are Aerospace and Defence [A&D], Utility Solutions Group [USG], and RF Test & Measurement [Test]. Its A&D segment net sales increased 11.6%, which was driven by an increase in commercial aerospace sales as a result ...