Recent Updates — ESE

ESCO Technologies Inc. completed its acquisition of Megger Group Limited on October 1, 2026, for approximately $2.3 billion in aggregate consideration consisting of $922 million in cash and 5.10 million shares of common stock. To fund the transaction and refinance existing debt, ESCO entered into a new credit agreement providing $500 million each in revolving credit and Term Loan A facilities, plus a $500 million Term Loan B facility, drawing approximately $1 billion on closing. Concurrently, the company terminated its previous credit agreement maturing in 2028. TBG AG received board representation via the appointment of Jeremy P. Abson as an independent director, with restrictions on share transfers and ownership limits outlined in a shareholder agreement. ESCO Technologies Inc. operates in the industrial technology sector, providing test, measurement, and diagnostic solutions.

ESCO Technologies Inc. reported fiscal 2026 third-quarter results ending June 30, 2026, with sales increasing 14% to $339 million and GAAP EPS from continuing operations rising 31% to $1.26 per share. Adjusted EPS increased 38% to $2.20 per share, driven by strong performance in the Aerospace & Defense segment and contributions from the acquired Maritime business. The company recorded entered orders of $410 million with a book-to-bill ratio of 1.21, resulting in a record backlog of $1.54 billion. ESCO raised its full-year FY 2026 sales guidance to $1.30–$1.33 billion and adjusted EPS guidance to $8.30–$8.40 per share. Additionally, the company announced a quarterly cash dividend of $0.08 per share, payable on October 15, 2026, to shareholders of record on October 1, 2026. ESCO Technologies is a global provider of highly engineered products and solutions for aviation, defense, industrial, and utility markets.