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Earnings Call Summary | ESCO Technologies(ESE.US) Q2 2024 Earnings Conference

Earnings Call Summary | ESCO Technologies(ESE.US) Q2 2024 Earnings Conference

業績電話會議摘要 | ESCO Technologies (ESE.US) 2024 年第二季度業績會議
富途資訊 ·  05/12 02:54  · 電話會議

The following is a summary of the ESCO Technologies Inc. (ESE) Q2 2024 Earnings Call Transcript:

以下是ESCO Technologies Inc.(ESE)2024年第二季度業績電話會議記錄摘要:

Financial Performance:

財務業績:

  • ESCO Technologies reported a 9% increase in sales for Q2 2024 compared to the same period in the previous year.

  • The company had seen growth across its Aerospace, Navy, and Utility businesses.

  • Orders declined by 5% compared to Q2 of the prior year, ending with a significant backlog of $838 million.

  • Adjusted EBIT rose by 130 basis points to 13.5%, and adjusted earnings per share increased by 24% to $0.94.

  • Revenue is expected to exceed $1 billion, a record high for the company, accompanied by a projected growth in adjusted earnings per share of 12%-16%.

  • ESCO Technologies報告稱,與去年同期相比,2024年第二季度的銷售額增長了9%。

  • 該公司的航空航天、海軍和公用事業業務實現了增長。

  • 與去年第二季度相比,訂單下降了5%,最後積壓了8.38億美元的大量訂單。

  • 調整後的息稅前利潤增長了130個點子至13.5%,調整後的每股收益增長了24%,至0.94美元。

  • 收入預計將超過10億美元,創公司歷史新高,調整後的每股收益預計將增長12%-16%。

Business Progress:

業務進展:

  • ESCO conducted strategic planning processes with each subsidiary, aiming for above-market organic growth.

  • The company expects a significant future growth in Aerospace & Defense, backed by high levels of backlog and strong top-line sales growth.

  • Opportunities arising from an aging electric grid, increasing power demand, and global decarbonization goals could greatly benefit the Utility Group.

  • The Test business, despite a tough start, has returned to double-digit profitability in Q2, with new growth expected in 2025.

  • The company anticipates mid-upper single-digit organic growth over the planning horizon for the Utility business.

  • ESCO is preparing to meet increased demand from Commercial and Defense Aerospace customers, and Navy businesses.

  • The company is also considering strategic acquisitions to increase exposure to long-term growth markets.

  • ESCO對每家子公司進行了戰略規劃流程,目標是實現高於市場的有機增長。

  • 該公司預計,在大量積壓訂單和強勁的營收增長的支持下,航空航天和國防領域未來將實現顯著增長。

  • 電網老化、不斷增加的電力需求和全球脫碳目標所帶來的機遇可能會使公用事業集團受益匪淺。

  • 儘管開局艱難,但測試業務在第二季度已恢復兩位數的盈利能力,預計將在2025年實現新的增長。

  • 該公司預計,公用事業業務的規劃期內將實現中上個位數的有機增長。

  • ESCO正準備滿足商業和國防航空航天客戶以及海軍企業不斷增長的需求。

  • 該公司還在考慮戰略收購,以增加長期增長市場的敞口。

More details: ESCO Technologies IR

更多詳情: ESCO 科技 IR

Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.

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譯文內容由第三人軟體翻譯。


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