ESCO Technologies (NYSE:ESE) Full Year 2022 Results
Key Financial Results
Revenue: US$857.5m (up 20% from FY 2021).
Net income: US$82.3m (up 30% from FY 2021).
Profit margin: 9.6% (in line with FY 2021).
All figures shown in the chart above are for the trailing 12 month (TTM) period
ESCO Technologies Revenues Beat Expectations
Revenue exceeded analyst estimates by 2.7%.
Looking ahead, revenue is forecast to grow 6.4% p.a. on average during the next 2 years, compared to a 4.7% growth forecast for the Machinery industry in the US.
The company's share price is broadly unchanged from a week ago.
Balance Sheet Analysis
Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We've done some analysis and you can see our take on ESCO Technologies' balance sheet.
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