ESCO Technologies(US:ESE)2024-08-07 22:37Q3 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]