Filing Flows › ESCO Technologies (ESE) › Q4 FY24
ESCO Technologies (ESE) Q4 FY24 earnings results (fourth quarter fiscal 2024)
10-K filed Nov 29, 2024
ESCO Technologies (ESE) reported revenue of $299M for the fourth quarter fiscal 2024 (Q4 FY24), +9% from a year earlier and +14% from the quarter before. Operating margin was 14.8%, net earnings $34.3M (11.5% of revenue).
ESCO Technologies, Q4 FY24: revenue $299M (+10% year over year), operating margin 14.8%, net earnings $34.3M, operating cash flow $72.1M. The chart follows the revenue to costs, profit and cash.
| Q4 FY24 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $299M | +14% | +9% |
| Operating profit | $44.0M | +18% | +7% |
| Net earnings | $34.3M | +17% | +7% |
| Operating cash flow | $72.1M | +99% | +51% |
| Free cash flow | $60.9M | +121% | +44% |
What changed
Revenue was $298.5M in Q4 FY24, up 9% year over year and up 14% from the previous quarter.
Operating profit was $44.0M, a 14.8% margin (down 0.4 points year over year). Of the extra revenue versus a year earlier, 11% reached operating profit, below the 15% margin then. Total costs grew 10% against revenue growth of 9%. The fastest-growing cost line was Other operating costs (+50%). Net earnings were $34.3M, up 7% year over year. The effective tax rate was 22.8%.
Operating cash flow was $72.1M (up 51% year over year), 210% of net earnings. Non-cash charges added back $14.1M of depreciation and amortization and $2.2M of share-based compensation. Working capital and other items added $21.5M. Capital expenditures of $11.2M left free cash flow of $60.9M.
Questions
What was ESCO Technologies' revenue in the fourth quarter fiscal 2024?
ESCO Technologies (ESE) reported revenue of $299M for the fourth quarter fiscal 2024 (Q4 FY24), +9% from a year earlier and +14% from the quarter before.
Was ESCO Technologies profitable in the fourth quarter fiscal 2024?
Operating profit was $44.0M (14.8% of revenue) and net earnings $34.3M.
Source: ESCO Technologies 10-K on SEC EDGAR.