ESCO Technologies Inc. (ESE) Financial Statements (2024 and earlier)

Company Profile

Business Address 9900 A CLAYTON RD
ST LOUIS, MO 63124
State of Incorp. MO
Fiscal Year End September 30
Industry (SIC) 3669 - Communications Equipment, Not Elsewhere Classified (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
Q4
6/30/2023
Q3
3/31/2023
Q2
12/31/2022
Q1
9/30/2022
Q4
6/30/2022
Q3
3/31/2022
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments56,05248,22151,92297,72461,01954,324
Cash and cash equivalents56,05248,22151,92297,72461,01954,324
Receivables192,146180,817159,658164,645168,720140,497
Inventory, net of allowances, customer advances and progress billings192,493185,753181,743162,403178,168175,152
Inventory192,493185,753181,743162,403178,168175,152
Contract with customer, asset, after allowance for credit loss128,284128,205122,518125,154115,840111,453
Other current assets24,84727,14418,93022,69629,71831,972
Total current assets:593,822570,140534,771572,622553,465513,398
Noncurrent Assets
Operating lease, right-of-use asset40,31441,41842,15629,15028,92230,139
Property, plant and equipment155,337154,020155,722155,973155,961156,963
Intangible assets, net (including goodwill)904,008906,911893,207887,173904,776915,609
Goodwill505,590505,194498,383492,709503,439508,406
Intangible assets, net (excluding goodwill)398,418401,717394,824394,464401,337407,203
Other noncurrent assets10,02810,11310,1339,5389,5629,677
Total noncurrent assets:1,109,6871,112,4621,101,2181,081,8341,099,2211,112,388
TOTAL ASSETS:1,703,5091,682,6021,635,9891,654,4561,652,6861,625,786
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities166,425157,085151,540213,692189,488149,166
Employee-related liabilities40,57235,25630,150
Accounts payable76,76179,61973,77078,74670,74871,811
Accrued liabilities89,66477,46677,77094,37483,48447,205
Deferred revenue122,526119,970121,220125,009117,863108,629
Debt20,00020,00020,00020,00020,00020,000
Other undisclosed current liabilities    (40,572)(35,256) 
Total current liabilities:308,951297,055292,760318,129292,095277,795
Noncurrent Liabilities
Long-term debt and lease obligation128,000141,000112,000157,853206,209202,302
Long-term debt, excluding current maturities128,000141,000112,000133,000181,000176,000
Liabilities, other than long-term debt159,515163,752164,831130,317124,500124,516
Deferred income tax liabilities78,58581,15081,21382,02382,58082,187
Other liabilities44,11544,94545,27248,29441,92042,329
Operating lease, liability36,81537,65738,34624,85325,20926,302
Total noncurrent liabilities:287,515304,752276,831288,170330,709326,818
Total liabilities:596,466601,807569,591606,299622,804604,613
Equity
Equity, attributable to parent1,107,0431,080,7951,066,3981,048,1571,029,8821,021,173
Common stock308308307307307307
Treasury stock, value(139,362)(139,178)(132,037)(126,961)(126,961)(124,961)
Additional paid in capital305,555304,184300,697301,553299,863298,353
Accumulated other comprehensive loss(18,839)(18,018)(20,251)(31,764)(19,377)(7,472)
Retained earnings959,381933,499917,682905,022876,050854,946
Total equity:1,107,0431,080,7951,066,3981,048,1571,029,8821,021,173
TOTAL LIABILITIES AND EQUITY:1,703,5091,682,6021,635,9891,654,4561,652,6861,625,786

Income Statement (P&L) ($ in thousands)

9/30/2023
Q4
6/30/2023
Q3
3/31/2023
Q2
12/31/2022
Q1
9/30/2022
Q4
6/30/2022
Q3
3/31/2022
Q2
Revenues248,749229,136205,501256,498219,066204,928
Cost of revenue(147,274)(142,296)(126,383)(154,323)(134,454)(128,375)
Gross profit:101,47586,84079,118102,17584,61276,553
Operating expenses(62,508)(60,907)(58,163)(59,607)(53,885)(54,469)
Other operating income (expense), net(966)(314)(398)(373)106604
Operating income:38,00125,61920,55742,19530,83322,688
Interest and debt expense(2,495)(2,269)(1,658)(1,816)(1,331)(1,020)
Income from continuing operations before equity method investments, income taxes:35,50623,35018,89940,37929,50221,668
Other undisclosed income from continuing operations before income taxes   49  
Income from continuing operations before income taxes:35,50623,35018,89940,42829,50221,668
Income tax expense(7,563)(5,472)(4,172)(9,388)(6,329)(5,085)
Income from continuing operations:27,94317,87814,72731,04023,17316,583
Income before gain (loss) on sale of properties:31,04023,17316,583
Net income available to common stockholders, diluted:27,94317,87814,72731,04023,17316,583

Comprehensive Income ($ in thousands)

9/30/2023
Q4
6/30/2023
Q3
3/31/2023
Q2
12/31/2022
Q1
9/30/2022
Q4
6/30/2022
Q3
3/31/2022
Q2
Net income:27,94317,87814,72731,04023,17316,583
Comprehensive income:27,94317,87814,72731,04023,17316,583
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(821)2,23311,513(12,387)(11,905)(2,811)
Comprehensive income, net of tax, attributable to parent:27,12220,11126,24018,65311,26813,772

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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