ESCO Q2 Revenue at $309.34M, Below Consensus
Reports Q2 revenue $309.34M, consensus $320.38M. Bryan Sayler, CEO, commented, "Q2 was another excellent quarter, highlighted by $378M in orders, 33% revenue growth, and 320 basis points of adjusted EBITDA margin expansion. We saw broad-based revenue strength across our Navy, aerospace, Test, and utilities markets. It has been particularly encouraging to see a strong rebound in our Test business, with increasing orders driving solid revenue growth across many of their served markets. We believe this quarter's results further demonstrate the strength of our strategic positioning and our ability to execute consistently and deliver sustainable value. ESCO has taken concrete steps to strengthen our business portfolio and we remain positive about the long-term outlook for our target markets. Across these markets, durable demand drivers continue to be in place, and we are excited for the future."
