Slide 1: ESCO Technologies Second Quarter FY 2025 Earnings Call
ESCO Technologies Second Quarter FY 2025 Earnings Call Bryan Sayler President & CEO Chris Tucker Sr. Vice President & CFO May 7, 2025 1
Slide 2: Forward Looking Statement
Forward Looking Statement Statements in this presentation regarding Management’s intentions, expectations and guidance for fiscal 2025, including restructuring and cost reduction actions, sales, orders, revenues, margin, earnings, Adjusted EPS, acquisition related amortization, and any other stateme
Slide 3: Q2 Results
Q2 Results ($ in Millions, except per share amounts) Entered Orders Sales Adjusted EBIT Adjusted EPS 290.8 $1.35 265.5 47.9 249.1 239.1 38.7 $1.09 18.0% 15.5% Q2'24 Q2'25 Q2'24 Q2'25 Q2'24 Q2'25 Q2'24 Q2'25 Entered Orders Q2’24 Q2’25 Delta $ Delta % • Orders increased across all 3 segments Entered O
Slide 4: A&D – Q2
A&D – Q2 ($ in Millions) Entered Orders Sales Adjusted EBIT 30.3 121.7 123.4 116.1 114.7 23.6 24.6% 20.6% Q2'24 Q2'25 Q2'24 Q2'25 Q2'24 Q2'25 Entered Orders Q2’24 Q2’25 Delta $ Delta % • Aero – strong quarter for PTI CAD/PAD ~$6M order • Q2 Book-to-Bill of 0.99 Entered Orders $116.1 121.7 5.6 4.8% •
Slide 5: USG – Q2
USG – Q2 ($ in Millions) Entered Orders Sales Adjusted EBIT 92.2 90.8 20.9 87.3 79.0 17.6 23.0% 20.1% Q2'24 Q2'25 Q2'24 Q2'25 Q2'24 Q2'25 Entered Orders • Doble +$11M – Strong offline test equipment and services Q2’24 Q2’25 Delta $ Delta % orders as customers invest in infrastructure to extend asset
Slide 6: Test – Q2
Test – Q2 ($ in Millions) Entered Orders Sales EBIT 77.0 51.4 6.4 47.1 5.7 43.9 12.4% 12.2% Q2'24 Q2'25 Q2'24 Q2'25 Q2'24 Q2'25 Entered Orders • Orders +$33M Q2’24 Q2’25 Delta $ Delta % • U.S. +$26M - $12M multi-year filters order, plus good quarter Entered Orders $43.9 77.0 33.1 75.1% for Test & Me
Slide 7: Q2 YTD Results
Q2 YTD Results ($ in Millions, except per share amounts) Entered Orders Sales Adjusted EBIT Adjusted EPS 512.5 85.6 $2.42 532.8 565.8 467.4 66.6 16.7% $1.85 14.2% Q2 YTD '24 Q2 YTD '25 Q2 YTD '24 Q2 YTD '25 Q2 YTD '24 Q2 YTD '25 Q2 YTD '24 Q2 YTD '25 Entered Orders Q2 YTD Q2 YTD Delta Delta • Streng
Slide 8: Cash Flow & Capital Expenditures
Cash Flow & Capital Expenditures ($ in Millions) Operating Cash Flow Capital Spending 58.3 16.3 15.4 19.2 YTD Q2'24 YTD Q2'25 YTD Q2'24 YTD Q2'25 Operating Cash Flow YTD YTD • Improvement mainly driven by favorable working capital Cash Flow Q2’24 Q2’25 Delta performance and higher earnings Capital E
Slide 9: FY'25 Guidance
FY’25 Guidance Sales • Still expect full year revenue (excl. Maritime) to increase of 6% - 8% and to be in the range of $1.09B - $1.11B • Maritime Impact – FY’25 Revenue (~5 months) post closing expected to be in the range of $90M to $100M FY’25 Adjusted EPS • Increasing Adjusted EPS (excl. Maritime
Slide 10: ESCO Technologies Q&A
ESCO Technologies Second Quarter FY 2025 Earnings Call Q&A 10
Slide 11: Reconciliation of Adjusted EPS Guidance
Reconciliation of Adjusted EPS Guidance FY 2025 Adjusted EPS Guidance Guidance Range Initial FY'25 Adjusted EPS Guidance (November) $ 4.70 $ 4.90 Acquisition Related Amortization $ 0.60 $ 0.60 FY'25 Adjusted EPS Guidance (with Acq Related Amortization) $ 5.30 $ 5.50 February Guidance Increase $ 0.25
Slide 12: Reconciliation of Non-GAAP Measures
Reconciliation of Non-GAAP Measures 12