Slide 1: 2026 Investor Presentation
Slide 2: Forward Looking Statement
Forward Looking Statement Statements in this presentation regarding Management’s intentions, expectations and guidance for fiscal 2026, including restructuring and cost reduction actions, sales, orders, revenue, margin, earnings, Adjusted EPS, acquisition related amortization, and any other statemen
Slide 3: ESCO consists of 3 Business Segments
ESCO consists of 3 Business Segments working to solve difficult technical challenges through superior engineering, precision manufacturing, and world-class customer service > Our Aerospace & Defense (A&D) companies provide highly-engineered hydraulic filtration systems, precision fluid control valve
Slide 4: FY'25 – Another Record Year
FY’25 – Another Record Year (1) > Record Sales, Earnings, Orders and Year-End Backlog • Sales +19% to $1.1B • Adjusted EPS +26% to $6.03 • Orders +57% to $1.6B • Ending Backlog +71% to $1.1BM • 64% increase in Market Cap Sales Adjusted EPS Entered Orders Ending Backlog 1,095 1,565 $6.03 1,134 919 $4
Slide 5: FY'25 Financial Results from Continuing Operations
(1) FY’25 Financial Results from Continuing Operations Dollars in Millions Sales Segment EBITDA - As Adjusted (2) $1,095M $293M A&D A&D $478.2M $141.4M USG USG 35% $380.0M 44% $111.3M 38% 48% Test Test $237.2M $40.3M 21% 14% 1) Excludes Discontinued Operations – VACCO Industries sale completed 7/18/
Slide 6: 5 Year Results from Continuing Operations
5 Year Results from Continuing Operations (1) Net Sales (In Millions) EPS – As Adjusted (2) $1,095 $6.03 $919 $856 $4.77 $746 $3.97 $605 $3.09 $2.28 2021 2022 2023 2024 2025 2021 2022 2023 2024 2025 Ending Backlog (In Millions) EBITDA – As Adjusted (in Millions) (2) $1,134 $256 $201 $171 $664 $583 $
Slide 7: ESCO Defined
ESCO Defined ESCO is a global provider of highly-engineered products and solutions serving diverse and growing end-markets > Shared characteristics • Technology driven products and services • Market leader across served industrial markets - Key supplier in high growth Navy, aerospace, and utility ma
Slide 8: ESCO Strategy
ESCO Strategy > To increase shareholder value by providing highly-engineered products and solutions that make the world more reliable, safe and secure • Operate technology-oriented businesses serving long-term growth markets that reward precision solutions with premium value • Build high performance
Slide 9: ESCO Investor Fundamentals
ESCO Investor Fundamentals > Positioned for Continuing Revenue & EBITDA Growth • A&D – Commercial aerospace & Navy build rates need to increase to meet demand • USG – Long term growth in electricity usage drives increased investment - Increased throughput on existing grid drives demand for diagnosti
Slide 10: Continuing Pursuit of M&A to Support Growth
Continuing Pursuit of M&A to Support Growth > Characteristics we are looking for: • In our core businesses or markets, or very close • Leadership position in niche markets • Technology driven products or services • Demonstrated financial performance - Reasonably predictable revenue streams - Solidly
Slide 11: Aerospace & Defense
AEROSPACE & DEFENSE
Slide 12: A&D Overview
A&D Overview (1) > Provides highly-engineered products and solutions to the Aerospace, Navy & Industrial markets > 2025 Revenue +40% to $478M • Segment Organic Growth +12% + Maritime $95M (5 months) - Aerospace +14% (Commercial +25% / Defense -6%) - Navy +145% - Organic Growth +24% > 2025 Adjusted E
Slide 13: Aerospace
Aerospace PTI Technologies > Leading provider of filtration and fluid control equipment, subsystems and miniature CAD/PAD devices for a full range of mission and life critical operations on commercial and military aircraft Crissair > Industry leader in a wide range of products from miniature fluid c
Slide 14: Navy
Navy ESCO Maritime Solutions > Provides mission-critical signature and power management solutions for the US and UK naval defense markets. • Signature Management - Magnetic and electric field countermeasures to prevent underwater mine and sensor detection - Advanced signature management solutions fo
Slide 15: ESCO Maritime Solutions – Acquisition Finalized April 2025
ESCO Maritime Solutions (Maritime) – Acquisition Finalized April 2025 > Leading provider of signature & power management Content on Major US, UK and AUKUS Platforms solutions for US and UK naval defense market > Highly advanced, designed-in, and mission critical IP that Vanguard SSN-A Virginia Class
Slide 16: Growth Drivers
Growth Drivers Aerospace Hydraulic Manifolds • Commercial Aero - OEMs committed to increasing build rates to meet long-term airline demand • Military Aero – geopolitical tensions driving increasing defense budgets 421® Metal Fiber • NGAD Opportunity – Boeing awarded F-47 program Media filters Navy •
Slide 17: Utility Solutions Group
UTILITY SOLUTIONS GROUP
Slide 18: Overview
Overview > Offers industry leading diagnostic measurement and monitoring equipment and services vital for ongoing electric grid reliability and renewable energy project development > Provides a complete range of solutions that efficiently measure asset health and ensure the reliable, safe, and secur
Slide 19: Utility Product Offerings
Utility Product Offerings Test & Assessment Systems > Diagnostic instrumentation & software for utilities to perform deep diagnostic evaluation of operational transformers, circuit breakers and related substation hardware in the field > High power test systems for factory test of transformers, high
Slide 20: Utility Service Offerings
Utility Service Offerings > Doble Database • Cloud storage solution for all Doble Customers with over 75 million test results from hundreds of thousands of HV apparatus and growing • FRANK : First Response ANalytics Knowledgebase engine - automatically analyzes Doble Test results for asset managemen
Slide 21: Core Renewable Energy Solutions
Core Renewable Energy Solutions WRA & WRM SRA & SRM Bat Deterrents Data Management Wind measurement solutions Turnkey solutions for Utility Scale Ultrasonic technology NRG Cloud, a SaaS globally trusted by analysts, Solar projects protects bats & increases solution that lets owners owners & operator
Slide 22: Utility Market Growth Drivers
Utility Market Growth Drivers > Increasing Demand for Electricity • Electricity demand forecasted to double in the U.S. by 2050 (U.S. Energy Information Administration) and the same trajectory is expected globally (McKinsey Global Energy Perspective 2024) • Demand Drivers - reshoring, data centers,
Slide 23: RF Test & Measurement
RF TEST & MEASUREMENT
Slide 24: Overview
Overview > Designs and manufactures systems and components to measure and control RF energy for research and development, regulatory compliance, medical, and security applications > Provides medical, electromagnetic pulse (EMP), and industrial shielding > 2025 Revenue increased 13% - All Organic • S
Slide 25: Diverse Product Offerings
Diverse Product Offerings Antennas & Test Shielded Doors RF Test Systems Accessories Power Line Filters Shielded MRI Suites Shielded Enclosures 25
Slide 26: Growth Drivers
Growth Drivers > Aerospace & Defense • Electronic warfare and increasing unmanned systems • Critical Infrastructure vulnerability to EMP • Orders strength in T&M projects for large A&D customers > Medical Shielding • Ongoing investments in medical infrastructure > Increasing electronic content • Inc
Slide 27: Summary
SUMMARY
Slide 28: Wrap-up
Wrap-up > We have confidence in our well-tested operating model • 3 solidly profitable business segments • Record sales, earnings, orders and ending backlog in 2025 > We serve technology-oriented end-markets with long-term organic growth trajectories • Commercial Aerospace – build rates increasing •
Slide 29: Financial Highlights
FINANCIAL HIGHLIGHTS Photo courtesy of navy:mil sid Aerator lenh TECHNOLOGIES
Slide 30: FY'25 Segment Performance from Continuing Operations
FY’25 Segment Performance from Continuing Operations ($ in Millions) (1) Net GAAP (2) D&A EBITDA EBITDA Sales EBIT Adjustments As Adjusted As Adjusted Margin A&D $ 478.2 $ 125.1 $ 4.6 $ 11.7 $ 141.4 29.6% USG 380.0 94.8 0.4 16.1 111.3 29.3% Test 237.2 34.1 0.5 5.7 40.3 17.0% Segment Totals 1,095.4 2
Slide 31: Financial Highlights ($ in Millions)
Financial Highlights ($ in Millions) 2021 2022 2023 2024 2025 Net Debt $98 $55 $60 $56 $85 Leverage Ratio 1.0X 0.8X 0.5X 0.5X 0.6X Debt-to-Capital 13% 13% 8% 9% 11% (1) Cash from Operating Activities $97 $114 $81 $122 $200 (1) Beginning Ending Book- FY 2025 Backlog Backlog Orders Sales Backlog to-Bi
Slide 32: Discontinued Operations and Adjustments to Earnings Detail
Discontinued Operations and Adjustments to Earnings Detail VACCO Industries (Divested 7/18/25) 2021 2022 2023 2024 2025 Sales ($ in Millions) 110.1 111.6 100.2 107.6 102.9 (1) EPS – As Adjusted $0.73 $0.67 $0.27 ($0.03) $7.06 Segment EBITDA – As Adjusted Cont Ops 2021 2022 2023 2024 2025 EBITDA 98.8
Slide 33: Contact: Investor Relations
645 Maryville Centre Drive, Suite 300 • St. Louis, MO 63141 (314) 213-7200 www.escotechnologies.com Kate Lowrey – Vice President of Investor Relations klowrey@escotechnologies.com / 314-213-7277 https://investor.escotechnologies.com NYSE: ESE