Q1 2026 ESCO Technologies Inc Earnings Call Transcript
Key Points
- ESCO Technologies Inc (ESE) reported a 143% increase in orders, totaling over $550 million in the first quarter.
- All three segments of the company experienced double-digit order growth, with particularly strong demand in aerospace and defense.
- The company achieved a 35% top-line sales growth and a 73% year-over-year increase in adjusted earnings per share.
- The test business saw a robust start to the year with orders up 17% and revenue up 27%, indicating strong market activity.
- The company raised its full-year sales and earnings guidance, reflecting confidence in continued growth.
- The utility solutions group experienced mixed results, with strong order flow at Doble offset by lower demand in the renewables business.
- Renewables investments have slowed domestically due to developers focusing on completing current projects to meet tax credit deadlines.
- The wireless business within the test segment is still recovering and coming off a low base.
- The renewables market is recalibrating, leading to near-term market weakness and lower investments in new projects.
- ESCO Technologies Inc (ESE) anticipates that the first quarter will be the strongest growth period, with growth tapering in subsequent quarters.
Good day and thank you for standing by.
Welcome to the first quarter, 2026.
Eco Technologies earnings call.
At this time, all participants on a list notation, question-and-answer session.
To ask a question during this session, you'll need to press star 11 on your telephone.
You will then hear an automated message advising your hand is raised to withdraw your question, please press 11 again.
Please be advised that today's conference is being recorded.
On the call today, we have Brian.
Faer
President, NC
E O Chris Tucker, senior Vice President and CFO.
And now I like to turn the conference over to the first speaker today, Kate Lowry, Vice President of Investment relations.
Okay, now you have the floor.
Thank you.
Statements made during this call were not strictly historical.
Our forward-looking statements within the meaning of the safe harbor provisions
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