ESCO Technologies Inc. (ESE) 2019年年度报告「NYSE」.pdf

1、ESCO TECHNOLOGIES INC.2019 ANNUAL REPORTELECTRIC GRID INFRASTRUCTURE MAINTENANCECOURTESY AF.MILAEROSPACE HYDRAULIC FILTRATIONMEDICAL PACKAGING SOLUTIONS5G DEVELOPMENT TESTING2019 Annual Report 1ESCOs strategy remains focused on delivering profitable long-term growth across our portfolio.We firmly be

2、lieve our diversified multi-segment approach provides sustainable long-term growth opportunities and mitigates risk through serving a wide variety of end-markets.Our stated long-term goals are to deliver 10 percent revenue growth and 15 percent earnings growth.Over the past four years we have exceed

3、ed these expectations,delivering compound annual growth rates of 11 percent in revenue and 18 percent in Adjusted EPS.These results were achieved through meaningful organic growth,supplemented by acquisitions.Our disciplined culture purposefully strives to drive margin expansion through cost reducti

4、on initiatives,continued integration of newly acquired companies,and investments in our businesses to broaden our product offerings and improve operational efficiency.2019 Sales DOLLARS IN MILLIONS2019 EBIT As Adjusted(1)DOLLARS IN MILLIONS40%26%23%$813MFiltration/Fluid Flow:$325.7Utility Solutions

5、Group:211.9RF Shielding&Test:188.4Technical Packaging:86.947%5%31%17%$151MFiltration/Fluid Flow:$71.3Utility Solutions Group:46.3RF Shielding&Test:25.6Technical Packaging:7.3CONTINUING OUR HISTORY OF PROFITABLE GROWTH11%(1)Excludes$39.4 million of Corporate Costs and$.6 million net of inventory step

6、-up and restructuring charges,partially offset by the gain on the sale of the Doble Watertown,MA property.2 2019 Annual ReportFiltration/Fluid FlowFiltration/Fluid Flow(Filtration)provides innovative solutions essential to the aerospace,space,defense,and industrial markets.The combined technical cap