ESE FY 2011 Earnings Report — ESCO Technologies Inc. Revenue & Financial Results | Market Cap Arena

ESCO Technologies Inc.ESE

FY 2011 Earnings

Reported November 29, 2011

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2011	Prior Q	FY 2010	QoQ Change	YoY Change
Revenue	$451M	—	$607M	—	-25.8%
Op. Income	$49M	—	$74M	—	-33.9%
Gross Margin	39.3%	—	40.4%	—	-1.2pp
Net Margin	11.6%	—	7.4%	—	4.3pp
EPS (Diluted)	$1.95	—	$1.68	—	16.1%
Free Cash Flow	$58M	—	$45M	—	29.2%

Revenue Flow

Item	Amount
REVENUE	$451M
Cost of Revenue	$274M
GROSS PROFIT	$177M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$123M
Other Expenses	$5M
Operating Expenses	$128M
Cost & Expenses	$402M
OPERATING INCOME	$49M
Interest Income	$0
Interest Expense	$2M
Other Income/Expenses	$5M
INCOME BEFORE TAX	$54M
Income Tax Expense	$17M
Net Income from Continuing Ops	$37M
Net Income from Discontinued Ops	$15M
Other Adjustments	$0
NET INCOME	$53M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$53M
D&A	$13M
EBIT	$56M
EBITDA	$70M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$451M
Cost of Revenue	$274M
GROSS PROFIT	$177M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$123M
Other Expenses	$5M
Operating Expenses	$128M
Cost & Expenses	$402M
OPERATING INCOME	$49M
Interest Income	$0
Interest Expense	$2M
Other Income/Expenses	$5M
INCOME BEFORE TAX	$54M
Income Tax Expense	$17M
Net Income from Continuing Ops	$37M
Net Income from Discontinued Ops	$15M
Other Adjustments	$0
NET INCOME	$53M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$53M
D&A	$13M
EBIT	$56M
EBITDA	$70M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$53M
Depreciation & Amortization	$13M
Stock-Based Compensation	$4M
Deferred Income Tax	$4M
Other Non-Cash Items	$14M
Change in Working Capital	-$13M
OPERATING CASH FLOW	$75M
Capital Expenditure	-$17M
Acquisitions (Net)	-$4M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$10M
NET CASH FROM INVESTING	-$30M
Net Debt Issuance	-$29M
Common Stock Repurchased	$0
Common Dividends Paid	-$9M
Other Financing Activities	$1M
NET CASH FROM FINANCING	-$36M
FREE CASH FLOW	$58M
Net Change in Cash	$8M

Balance Sheet

Item	Amount
Cash & Equivalents	$34M
Short-Term Investments	$0
Net Receivables	$157M
Inventory	$97M
Other Current Assets	$40M
TOTAL CURRENT ASSETS	$328M
PP&E (Net)	$73M
Goodwill	$362M
Intangible Assets	$232M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$17M
TOTAL NON-CURRENT ASSETS	$683M
TOTAL ASSETS	$1.0B
Account Payables	$54M
Short-Term Debt	$50M
Deferred Revenue	$48M
Other Current Liabilities	$26M
TOTAL CURRENT LIABILITIES	$206M
Long-Term Debt	$75M
Deferred Revenue NC	$33M
Deferred Tax Liabilities	$85M
Other Non-Current Liabilities	$12M
TOTAL NON-CURRENT LIABILITIES	$205M
TOTAL LIABILITIES	$411M
Common Stock	$300.0K
Additional Paid-In Capital	$276M
Retained Earnings	$403M
Treasury Stock	-$59M
Accum. Other Comp. Income	-$19M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$601M
Minority Interest	$0
TOTAL EQUITY	$601M
TOTAL LIABILITIES & EQUITY	$1.0B
Total Debt	$125M
Net Debt	$91M