Brief: ESCO Suspends Previously Issued Fiscal Year 2020 Guidance

Esco Technologies

06/05/2020 23:33

May 6 (Reuters) - ESCO Technologies Inc  ESE.N :
    * ESCO ANNOUNCES SECOND QUARTER FISCAL 2020 RESULTS AND
PROVIDES
COVID-19 BUSINESS UPDATE
    * Q2 SALES $180 MILLION VERSUS REFINITIV IBES ESTIMATE OF
$180.5
MILLION
    * Q2 ADJUSTED EARNINGS PER SHARE $0.68
    * Q2 EARNINGS PER SHARE ESTIMATE $0.57 -- REFINITIV IBES
DATA
    * ENTERED ORDERS WERE $246 MILLION IN Q2 2020
    * FROM A LIQUIDITY PERSPECTIVE, WE ARE IN A REALLY SOLID
POSITION
    * NOT CHANGING ITS DIVIDEND PAYMENT PLAN
    * NEXT QUARTERLY CASH DIVIDEND OF $0.08 PER SHARE WILL BE
PAID ON
JULY 16
    * SUSPENDING ITS PREVIOUSLY ISSUED FISCAL YEAR 2020 GUIDANCE

Source text for Eikon:  ID:nGNX81NJq7 
Further company coverage:  ESE.N 

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