ESCO

What ESCO does

ESCO operates as an engineered components and systems company serving multiple heavy-industry end markets. The source material describes it simultaneously as a manufacturer of construction and aggregate handling equipment producing ground engagement tools, wear parts, and related products for mining, construction, and industrial applications (under sub-brands ESCO Mining, ESCO Construction, and ESCO Industrial Products), and as a provider of engineered components and systems for aerospace, defense, and utility grid applications. The latter profile is supported by detailed financial disclosures positioning ESCO Technologies Inc. as a publicly traded entity (NYSE: ESE) operating as a division of Weir Group PLC, with a recent expansion into naval defense via the $550 million acquisition of Ultra Maritime's Signature Management & Power business, which provides sole-source content on major US and UK naval platforms.

The company's go-to-market is a B2B enterprise field sales model targeting large defense contractors, government agencies (US Navy, UK Navy), and utility companies with quote-based pricing on long-cycle contracts. Its revenue model is hardware sales across two primary segments, Aerospace & Defense and Utility Grid Modernization, with strong aftermarket demand (up 8%) providing recurring revenue. Marketing and distribution are conducted through direct enterprise engagement, supplemented by industry trade events and conferences in aerospace, defense, and utility verticals. Sub-brands and an acquired brand (Signature Management & Power) broaden the portfolio, and ESCO's institutional ownership is roughly 12% per the data.

ESCO reported Q1 CY2026 revenue of $309.3 million (16.5% year-over-year growth, though 3.4% short of analyst estimates of $320.4 million), with full-year guidance reaffirmed at $1.31 billion at the midpoint and adjusted EPS guidance raised to $8.13 (Q1 adjusted EPS of $1.91 beat consensus by 3.8%). The company is operating with a record $1.47 billion backlog, up 57.7% year-on-year, driven by an aerospace and defense rebound and utility grid modernization demand. Founded in 1913 per firmographic data and headquartered in Portland, US, ESCO employs 10,000+ people and is a wholly owned operating division of UK-based Weir Group PLC, though it is publicly listed on the NYSE.

Name

ESCO

Legal name

ESCO Technologies Inc.

Website

https://esco.weir

Company type

Public

Founded year

1978

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

ESCO is an engineered components and systems company producing mining, construction, and industrial wear parts alongside aerospace, defense, and utility grid solutions, including acquired naval defense offerings serving the US and UK Navies.

Ownership category

akta.pro rank

Product category

Mining and Construction Wear Parts

NAICS

Mining Machinery and Equipment Manufacturing (333131), Mining and Oil and Gas Field Machinery Manufacturing (33313)

SIC

Mining Machinery & Equip (No Oil & Gas Field Mach & Equip) (3532), Construction, Mining & Materials Handling Machinery & Equip (3530)

akta.pro primary industry

Wear Parts & Consumables (GET, Liners, Drill Bits, Grinding Media) (IMAKANAH)

akta.pro secondary industry

Process Plant & Materials Handling EPC (Crushing, Conveying, Stockpiles, Loadout) (IMAKAOAE)

Keywords

• Ground engagement tools
• Wear parts manufacturing
• Mining equipment
• Construction equipment
• Aggregate handling equipment

Headquarters

HQ city

Portland

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Technology or R&D, Marketing or Sales

Revenue model

1. Aerospace and Defense Components: Revenue from engineered components and systems serving the aerospace and defense sector, including the recent acquisition of Ultra Maritime's Signature Management & Power business expanding naval defense offerings
2. Utility Grid Modernization: Products and solutions for utility grid modernization, driving 57.7% year-on-year backlog growth

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

ESCO manufactures and sells ground engagement tools, wear parts, and related products for mining, construction, and industrial applications under the ESCO® brand within The Weir Group portfolio. The product portfolio includes ESCO Mining, ESCO Construction, and ESCO Industrial Products, supplemented by the acquired Signature Management & Power naval defense solutions business serving US and UK naval platforms.

Product overview

ESCO is a division of The Weir Group and operates as an engineered components and systems company offering ground engagement tools for mining, construction, and industrial applications. The product portfolio includes wear parts and tools under the ESCO brand, supplemented by the acquired Signature Management & Power naval defense solutions business. ESCO serves the aerospace and defense sector as well as utility grid modernization markets.

Differentiator

Problem solved

Functional benefit

Brands

• ESCO Mining: Mining products and equipment
• ESCO Construction
• ESCO Industrial Products

Products and services

• ESCO Mining

Quantifiable outcome

• Backlog grew 57.7% year-on-year to record $1.47 billion
• +1 more outcomes

Named customers2 records

Segments2 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Ultra MaritimecoreStrategic or Co-development Partner · 8 July 2024ESCO acquired the Signature Management & Power business of Ultra Maritime for $550 million. This acquisition expands ESCO's naval defense offerings and international presence, leveraging the target's sole source content on major platforms and growth opportunities in US and UK naval markets.

Scale indicators6 records

Recent moves5 records

Expansion highlights5 records

Broad incumbents

• Komatsu: Major mining and construction OEM with a captive GET and wear-parts business that overlaps directly with ESCO's product portfolio, including teeth, adapters, and lips sold to mining majors.
• Sandvik: Global mining and rock processing equipment manufacturer with a dedicated wear parts and mining parts business that competes head-to-head with ESCO's ground engagement solutions.
• Hitachi Construction Machinery: OEM of mining excavators and shovels with its own GET and wear-parts offerings (now including Bradken), competing with ESCO at the aftermarket and OEM-supplier layers of the value chain.
• FLSmidth: Global mining and cement equipment supplier whose aftermarket and wear-parts business — including mill liners and crusher wear parts — competes with ESCO's mining and industrial product lines.
• Caterpillar: The world's largest mining and construction equipment OEM, which sells its own factory-installed and aftermarket Cat Ground Engaging Tools (GET) and wear parts directly competing with ESCO's replacement products at mine sites and quarries.

Direct peers

• Bradken: Specialized manufacturer of wear-resistant and replacement products for the mining, resources, and infrastructure industries, including GET, crusher liners, and ground engagement tools directly comparable to ESCO Mining.
• Metso: Direct competitor in mining and aggregates wear parts and material handling equipment, offering crusher wear parts, screen media, and GET solutions to the same mining customer base as ESCO.
• Kennametal: Manufacturer of wear-resistant parts, mining tooling, and ground engagement solutions serving surface and underground mining, construction, and aggregates customers with overlapping product families to ESCO.
• Magotteaux: A specialist in wear parts and grinding media for mining and cement, with a product portfolio (crusher parts, mill liners, drill bits) that directly overlaps with ESCO's wear-parts offering.

Emerging players

• Trelleborg (Engineered Coated Fabrics / Wear Parts): Engineered polymer and wear-resistant solutions provider serving mining screening, conveying, and wear applications, representing partial overlap with ESCO's wear-parts product portfolio.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights5 records

Customer concentration

• Xx.com/WeirESCO
• Facebookfacebook.com/WeirESCO
• LinkedInlinkedin.com/company/esco-corporation

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about ESCO