Adjusted earnings per share rose 25% to $1.60 in Q3 2025.
Adjusted EBIT margins increased from 19.3% to 21.1% year-over-year in Q3, driven by favorable price, mix, and leverage effects.
ESCO Technologies reported strong Q3 2025 financial results with reported sales growth of nearly 27% and organic sales growth of 11%, excluding the Maritime acquisition impact.
Test segment delivered 21% sales growth in Q3 and 15.4% adjusted EBIT growth, though margins declined slightly due to mix and tariff impacts.
The Aerospace & Defense segment showed 56% reported sales growth and 14% organic growth, with a 560 basis point margin increase and record backlog of $832 million.
Utility Solutions Group had flattish sales growth of 2% but strong order growth of 5.5%, with some margin pressure due to timing issues at Doble.
Year-to-date results show double-digit adjusted EBIT margin improvement and over 24% adjusted EPS growth.
Accelera revenues decreased 5% with an EBITDA loss of $100 million, improved from a $117 million loss a year ago due to restructuring.
Cummins reported second quarter 2025 revenues of $8.6 billion, down 2% year-over-year, with North America revenues declining 6% and international revenues increasing 5%.
EBITDA increased to $1.6 billion or 18.4% of sales, up from $1.3 billion or 15.3% a year ago, driven by higher Power Generation demand, operational efficiencies, pricing, and lower compensation expenses.
Gross margin improved by 150 basis points to 26.4%, supported by favorable pricing and operational improvements, especially in Power Systems and Distribution segments.
Net earnings were $890 million or $6.43 per diluted share, compared to $726 million or $5.26 per diluted share a year ago.
Operating cash flow was $785 million inflow compared to an $851 million outflow a year ago, excluding a $1.9 billion settlement outflow in the prior year.
Segment performance highlights included Engine segment revenues down 8% with EBITDA at 13.8%, Components revenues down 9% with EBITDA at 14.7%, Distribution revenues up 7% with record EBITDA of $445 million at 14.6%, and Power Systems revenues up 19% with record EBITDA of $433 million at 22.8%.
Dafinchi