ESE FY 2012 Earnings Report — ESCO Technologies Inc. Revenue & Financial Results | Market Cap Arena

ESCO Technologies Inc.ESE

FY 2012 Earnings

Reported November 29, 2012

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2012	Prior Q	FY 2011	QoQ Change	YoY Change
Revenue	$479M	—	$451M	—	6.2%
Op. Income	$50M	—	$49M	—	3.1%
Gross Margin	38.4%	—	39.3%	—	-0.8pp
Net Margin	9.8%	—	11.6%	—	-1.9pp
EPS (Diluted)	$1.73	—	$1.95	—	-11.3%
Free Cash Flow	$37M	—	$58M	—	-36.0%

Revenue Flow

Item	Amount
REVENUE	$479M
Cost of Revenue	$295M
GROSS PROFIT	$184M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$128M
Other Expenses	$6M
Operating Expenses	$134M
Cost & Expenses	$428M
OPERATING INCOME	$50M
Interest Income	$0
Interest Expense	$2M
Other Income/Expenses	$2M
INCOME BEFORE TAX	$52M
Income Tax Expense	$17M
Net Income from Continuing Ops	$35M
Net Income from Discontinued Ops	$12M
Other Adjustments	$0
NET INCOME	$47M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$47M
D&A	$14M
EBIT	$55M
EBITDA	$69M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$479M
Cost of Revenue	$295M
GROSS PROFIT	$184M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$128M
Other Expenses	$6M
Operating Expenses	$134M
Cost & Expenses	$428M
OPERATING INCOME	$50M
Interest Income	$0
Interest Expense	$2M
Other Income/Expenses	$2M
INCOME BEFORE TAX	$52M
Income Tax Expense	$17M
Net Income from Continuing Ops	$35M
Net Income from Discontinued Ops	$12M
Other Adjustments	$0
NET INCOME	$47M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$47M
D&A	$14M
EBIT	$55M
EBITDA	$69M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$47M
Depreciation & Amortization	$14M
Stock-Based Compensation	$4M
Deferred Income Tax	$1M
Other Non-Cash Items	-$8M
Change in Working Capital	-$6M
OPERATING CASH FLOW	$53M
Capital Expenditure	-$16M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$17M
NET CASH FROM INVESTING	-$30M
Net Debt Issuance	-$10M
Common Stock Repurchased	-$5M
Common Dividends Paid	-$9M
Other Financing Activities	-$1M
NET CASH FROM FINANCING	-$25M
FREE CASH FLOW	$37M
Net Change in Cash	-$4M

Balance Sheet

Item	Amount
Cash & Equivalents	$30M
Short-Term Investments	$0
Net Receivables	$166M
Inventory	$108M
Other Current Assets	$40M
TOTAL CURRENT ASSETS	$343M
PP&E (Net)	$76M
Goodwill	$361M
Intangible Assets	$231M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$22M
TOTAL NON-CURRENT ASSETS	$690M
TOTAL ASSETS	$1.0B
Account Payables	$35M
Short-Term Debt	$50M
Deferred Revenue	$25M
Other Current Liabilities	$50M
TOTAL CURRENT LIABILITIES	$204M
Long-Term Debt	$65M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$89M
Other Non-Current Liabilities	$45M
TOTAL NON-CURRENT LIABILITIES	$198M
TOTAL LIABILITIES	$402M
Common Stock	$300.0K
Additional Paid-In Capital	$279M
Retained Earnings	$442M
Treasury Stock	-$65M
Accum. Other Comp. Income	-$25M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$631M
Minority Interest	$0
TOTAL EQUITY	$631M
TOTAL LIABILITIES & EQUITY	$1.0B
Total Debt	$115M
Net Debt	$85M