ESCO Technologies (ESE) Tops Q4 EPS by 3c, Revenues Beat; Offers Q1 & FY20 EPS Guidance Below Consensus

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Go back to ESCO Technologies (ESE) Tops Q4 EPS by 3c, Revenues Beat; Offers Q1 & FY20 EPS Guidance Below Consensus

ESCO Announces Fiscal 2019 Results

November 19, 2019 4:15 PM EST

St. Louis, Nov. 19, 2019 (GLOBE NEWSWIRE) -- ESCO Technologies Inc. (NYSE: ESE) (ESCO, or the Company) today reported its operating results for the fourth quarter (Q4 2019) and fiscal year ended September 30, 2019 (2019).

On November 18, 2019, the Company announced the divestiture of its Technical Packaging segment under a separate release, where it expects to receive $187 million in gross cash proceeds and finalize the transaction as soon as customary regulatory items are completed.

The financial results presented include certain non-GAAP financial measures such as EBIT, EBITDA, Adjusted EBITDA and Adjusted EPS, as defined within the Non-GAAP Financial Measures described... More