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ESE - ESCO Technologies Inc News Story

$80.07 -0.5  -0.6%

Last Trade - 5:32pm

Sector
Industrials
Size
Mid Cap
Market Cap £1.65bn
Enterprise Value £1.71bn
Revenue £598.2m
Position in Universe 1739th / 6389

BRIEF-ESCO Q2 adjusted earnings per share $0.40

Tue 3rd May, 2016 9:15pm
May 3 (Reuters) - REG-ESCO  Technologies Inc  ESE.N  
    * REG-ESCO announces second quarter 2016 results 
    * Sees Q3 earnings per share $0.40 to $0.45 excluding items 
    * Q2 adjusted earnings per share $0.40 
    * Q2 sales $139 million versus i/b/e/s view $137.1 million 
    * Sees q2 2016 earnings per share $0.31 to $0.36 
    * Q2 earnings per share view $0.35 -- Thomson Reuters 
I/B/E/S 
    * Q2 2016 orders were $130 million which resulted in an 
ending backlog of $328 million at march 31, 2016 
    * 2016 restructuring actions are substantially complete as 
of march 31, 2016 
    * Approximately $2 million of pretax costs are expected to 
be incurred during q3 2016 
    * Management now expects 2016 eps - as adjusted to be in 
range of $1.95 to $2.02 per share 
    * Q2 earnings per share view $0.35, revenue view $137.1 
million -- Thomson Reuters I/B/E/S 
    * Continues to expect restructuring actions, when 
implemented, to result in test business ebit margins increasing 
into low-to-mid teens 
    * Q3 earnings per share view $0.52 -- Thomson Reuters 
I/B/E/S 
    * Fy2016 earnings per share view $1.99 -- Thomson Reuters 
I/B/E/S 
 
Source text for Eikon:  ID:nHUG1QMDp  
Further company coverage:  ESE.N  
 
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