Esco Technologies reports Q1 adjusted EPS 62c, consensus 65c

Reports Q1 revenue $218.31M, consensus $221.43M. Bryan Sayler, CEO and president, commented, “Our fiscal year got off to a great start in many ways, with orders being particularly strong. This was evidenced by a $65 million order for surface hull tiles for the Virginia Class Submarine program. In addition, it was another solid quarter in aerospace with strength in both commercial and defense OEM and aftermarket orders. The book-to-bill for the quarter was 1.35x and resulted in record backlog of almost $850 million.”