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ESE - ESCO Technologies Inc News Story

$79.32 -0.3  -0.4%

Last Trade - 25/09/20

Sector
Industrials
Size
Mid Cap
Market Cap £1.62bn
Enterprise Value £1.68bn
Revenue £597.5m
Position in Universe 1745th / 6417

BRIEF-Esco Technologies Inc Q4 Adjusted EPS $1.22 Per Share

Thu 15th November, 2018 10:18pm
Nov 15 (Reuters) - ESCO Technologies Inc  ESE.N :
    * ESCO SEES Q1 2019 ADJUSTED EARNINGS PER SHARE $0.40 TO
$0.45
    * Q4 SALES $231 MILLION VERSUS I/B/E/S VIEW $232.2 MILLION
    * SEES FY 2019 ADJUSTED EARNINGS PER SHARE $2.95 TO $3.05
    * Q4 2018 GAAP EPS WAS $1.09 PER SHARE AND ADJUSTED EPS WAS
$1.22
PER SHARE
    * EXPECT TO BENEFIT FROM LOWER COST STRUCTURE GOING FORWARD
    * INITIATED A COST REDUCTION ACTION IN EUROPE TO CLOSE
PLASTIQUE'S
HEADQUARTERS IN TUNBRIDGE WELLS, UK
    * ESCO - COST REDUCTION ACTION IN EUROPE TO CONSOLIDATE NEW
PRODUCT DESIGN, ADMINISTRATIVE FUNCTIONS INTO REMAINING
FACILITIES IN NOTTINGHAM AND POZNAN
    * SHUT DOWN AND MOVE COSTS WILL BE EXCLUDED WHEN CALCULATING
2019
ADJUSTED EPS
    * ESCO - WILL MOVE VACCO'S AIRCRAFT/AEROSPACE BUSINESS FROM
SOUTH
EL MONTE CALIFORNIA, CONSOLIDATING INTO PTI'S AEROSPACE FACILITY
IN OXNARD CALIFORNIA
    * ORGANIC SALES ARE EXPECTED TO INCREASE IN 2019 IN
MID-SINGLE
DIGITS ON A CONSOLIDATED BASIS
    * ON QTRLY BASIS SEES 2019 REVENUE AND ADJUSTED EPS TO BE
MORE
BACK HALF WEIGHTED WITH SECOND HALF OF YEAR BEING STRONGER THAN
FIRST HALF
    * EXPECTS Q1 2019 ADJUSTED EPS TO BE IN RANGE OF $0.40 TO
$0.45
PER SHARE
    * FY EARNINGS PER SHARE VIEW $3.06, REVENUE VIEW $813.1
MILLION --
THOMSON REUTERS I/B/E/S
    * Q1 EARNINGS PER SHARE VIEW $0.58 -- THOMSON REUTERS
I/B/E/S

Source text for Eikon:  ID:nGNE5qSWyT 
Further company coverage:  ESE.N 

 ((Reuters.Briefs@thomsonreuters.com;))
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