ESE FY 2009 Earnings Report — ESCO Technologies Inc. Revenue & Financial Results | Market Cap Arena

ESCO Technologies Inc.ESE

FY 2009 Earnings

Reported November 30, 2009

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2009	Prior Q	FY 2008	QoQ Change	YoY Change
Revenue	$619M	—	$614M	—	0.9%
Op. Income	$75M	—	$81M	—	-7.6%
Gross Margin	39.9%	—	40.0%	—	-0.2pp
Net Margin	8.0%	—	7.6%	—	0.4pp
EPS (Diluted)	$1.86	—	$1.78	—	4.5%
Free Cash Flow	$63M	—	$49M	—	28.1%

Revenue Flow

Item	Amount
REVENUE	$619M
Cost of Revenue	$372M
GROSS PROFIT	$247M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$152M
Other Expenses	$19M
Operating Expenses	$172M
Cost & Expenses	$544M
OPERATING INCOME	$75M
Interest Income	$0
Interest Expense	$7M
Other Income/Expenses	-$12M
INCOME BEFORE TAX	$63M
Income Tax Expense	$14M
Net Income from Continuing Ops	$49M
Net Income from Discontinued Ops	$103.0K
Other Adjustments	$0
NET INCOME	$49M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$49M
D&A	$30M
EBIT	$71M
EBITDA	$101M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$619M
Cost of Revenue	$372M
GROSS PROFIT	$247M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$152M
Other Expenses	$19M
Operating Expenses	$172M
Cost & Expenses	$544M
OPERATING INCOME	$75M
Interest Income	$0
Interest Expense	$7M
Other Income/Expenses	-$12M
INCOME BEFORE TAX	$63M
Income Tax Expense	$14M
Net Income from Continuing Ops	$49M
Net Income from Discontinued Ops	$103.0K
Other Adjustments	$0
NET INCOME	$49M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$49M
D&A	$30M
EBIT	$71M
EBITDA	$101M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$49M
Depreciation & Amortization	$30M
Stock-Based Compensation	$5M
Deferred Income Tax	-$3M
Other Non-Cash Items	$3M
Change in Working Capital	-$7M
OPERATING CASH FLOW	$78M
Capital Expenditure	-$14M
Acquisitions (Net)	-$6M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$4M
NET CASH FROM INVESTING	-$15M
Net Debt Issuance	-$53M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$8M
NET CASH FROM FINANCING	-$46M
FREE CASH FLOW	$63M
Net Change in Cash	$16M

Balance Sheet

Item	Amount
Cash & Equivalents	$45M
Short-Term Investments	$0
Net Receivables	$119M
Inventory	$82M
Other Current Assets	$34M
TOTAL CURRENT ASSETS	$280M
PP&E (Net)	$70M
Goodwill	$331M
Intangible Assets	$222M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$22M
TOTAL NON-CURRENT ASSETS	$643M
TOTAL ASSETS	$924M
Account Payables	$47M
Short-Term Debt	$50M
Deferred Revenue	$20M
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$164M
Long-Term Debt	$130M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$78M
Other Non-Current Liabilities	$33M
TOTAL NON-CURRENT LIABILITIES	$242M
TOTAL LIABILITIES	$406M
Common Stock	$298.0K
Additional Paid-In Capital	$266M
Retained Earnings	$323M
Treasury Stock	-$60M
Accum. Other Comp. Income	-$12M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$517M
Minority Interest	$0
TOTAL EQUITY	$517M
TOTAL LIABILITIES & EQUITY	$924M
Total Debt	$180M
Net Debt	$136M