Esco Technologies Reports $23.5M Profit in Q1, Forecasts Strong Earnings for 2023
ST. LOUIS, MO - Esco Technologies Inc. (ESE) announced a profit of $23.5 million in its fiscal first quarter concluded on Thursday. The St. Louis-based company reported a net income per share of 91 cents. After adjusting for non-recurring expenses, earnings reached $1.07 per share.
Esco Technologies, a leading manufacturer of smart meters and filtration products, generated revenue of $247 million during the quarter.
For the upcoming quarter ending in March, the company anticipates per-share earnings within the range of $1.20 to $1.30. Esco Technologies also projected full-year earnings in the range of $5.55 to $5.75 per share.
This information was generated by Automated Insights using data from Zacks Investment Research. Access a Zacks stock report on ESE at https://www.zacks.com/ap/ESE