Profile: ESCO Technologies Inc (ESE.N)
2 Jun 2015
ESCO Technologies Inc. (ESCO), incorporated on August 1990, is organized based on the products and services it offers. Under this organizational structure, the Company has three reporting segments: Filtration or Fluid Flow (Filtration), RF Shielding and Test (Test) and Utility Solutions Group (USG). The Filtration segment’s operations consist of: PTI Technologies Inc., VACCO Industries, Crissair, Inc. and Thermoform Engineered Quality LLC. The companies within this segment design and manufacture specialty filtration products including hydraulic filter elements and fluid control devices used in commercial aerospace applications, unique filter mechanisms used in micro-propulsion devices for satellites and custom designed filters for manned aircraft and submarines. Test segment operations consist of ETS-Lindgren Inc. (ETS-Lindgren). ETS-Lindgren is an industry leader in providing its customers with the ability to identify measure and contain magnetic, electromagnetic and acoustic energy. ETS-Lindgren also manufactures radio frequency shielding products and components used by manufacturers of medical equipment, communications systems, electronic products, and shielded rooms for high-security data processing and secure communication.
The Company’s USG segment’s operations consist of Doble Engineering Company (Doble). Doble provides intelligent diagnostic test solutions for the electric power delivery industry and is a supplier of power factor and partial discharge testing instruments used to assess the integrity of high-voltage power delivery equipment. Previously, USG also included Aclara Technologies LLC. Accounting policies of the segments are the same as those described in the summary of significant accounting policies in Note 1 to the Consolidated Financial Statements. The operating units within each reporting segment have been aggregated because of similar economic characteristics and meet the other aggregation criteria of FASB ASC 280. The Company evaluates the performance of its operating units based on EBIT, which are defined as: Earnings before Interest and Taxes. Intersegment sales and transfers are not significant. Segment assets consist primarily of customer receivables, inventories, capitalized software and fixed assets directly associated with the production processes of the segment.
ESCO Technologies Inc
9900 Clayton Rd Ste a
ST. LOUIS MO 63124-1186