Esco Technologies Reports $150M Q2 Sales, $0.45 Adjusted EPS and 8% Backlog Gain
ESE•Esco Technologies released its fiscal Q2 earnings snapshot, reporting net sales of $150 million and adjusted EPS of $0.45, driven by strength in its industrial vacuum and defense systems segments. Backlog rose 8% year-over-year to $220 million, reflecting increased orders in semiconductor equipment.
1. Fiscal Q2 Key Metrics
Esco Technologies reported net sales of $150 million and adjusted EPS of $0.45 for its fiscal second quarter. Industrial vacuum and defense systems segments both contributed to revenue gains, offsetting modest weakness in the ultra-high purity gas division.
2. Backlog and Order Trends
The company’s order backlog climbed 8% year-over-year to $220 million, reflecting strong demand for semiconductor equipment and defense products. Management attributed the backlog expansion to increased international orders and multi-year contract wins.
3. Segment Performance
Industrial vacuum systems led segment revenue, up 12% from Q2 last year, while the defense systems unit saw a 7% sales increase. The ultra-high purity gas segment experienced flat sales as customers delayed capital projects.
4. Outlook and Guidance
Esco affirmed its full-year guidance, targeting mid-single-digit revenue growth and adjusted EPS between $1.75 and $1.85. The company plans to invest further in R&D to support semiconductor equipment innovations.
