BNET Industries

Esterline Technologies Corp.

(ESL) is in the Manufacturing Industry

Market Cap:$1.2B
Last Fiscal Year Sales:$1.4B
  • Public
  • US
Dow Jones Description

The line of defense! Esterline Technologies Corporation (NYSE: ESL), based in Bellevue, WA, deals in products and systems for applications in aerospace and defense industries. It produces a full line of technology interface systems for commercial and military aircraft, from lighted switches to full cockpit integration; temperature and pressure sensors, relays and power distribution systems; and advanced materials ranging from seals to radar absorbing components. Founded in 1967, it has revenue of approximately $1.2 billion and employs more than 9,000 people in the U.S., UK, Canada, France and Germany. In March 2007 the company acquired CMC Electronics for approximately $335 million in cash. CMC is a world leader in the design and manufacture of high-technology electronics products for aviation including global positioning, enhanced vision, and flight management systems.

Chief Executive Officer
Robert W. Cremin
Number of Employees 9,699
Contact Information

500 108th Ave NE Ste 1500

Bellevue, Washington 98004

www.esterline.c...

(425) 453-9400

NAICS Code Other Commercial and Service Industry Machinery Manufacturing: 333319

Recent Events

  • Esterline names Moschetti to head Communication Systems platform

    12/04/09 - Mgmt. Change Entering - Other - View Story

  • Esterline Fourth Quarter 2009 Earnings Conference Call

    11/26/09 - Financial Announcement - View Story

  • Esterline Promotes Al Yost to Corporate Group Vice President

    11/23/09 - Mgmt. Change Entering - Vice President - View Story

  • Esterline Promotes Albert Yost To Corporate Group VP - Quick Facts

    11/23/09 - Mgmt. Change Entering - Vice President - View Story

  • BRIEF-Esterline promotes Al Yost to corporate group VP

    11/23/09 - Mgmt. Change Entering - Vice President - View Story

  • BRIEF-Moody's changes Esterline's outlook to positive, affirms Ba2 corporate family rating

    9/22/09 - Bond / Stock Rating - View Story

  • Esterline names Lawrence as new CEO

    9/20/09 - Mgmt. Change Leaving - CEO - View Story

  • Esterline Corp. ESL Promotes Brad Lawrence to CEO

    9/14/09 - Mgmt. Change Entering - CEO - View Story

  • Esterline's president named CEO, elected to board

    9/14/09 - Board Member - Entering - View Story

  • Esterline Names Bradley Lawrence CEO - Update

    9/14/09 - Mgmt. Change Entering - CEO - View Story

  • Esterline Technologies Surged To 6 1/2 Month High Friday

    9/08/09 - Financial Announcement - View Story

News & Analysis

esterline technologies corp. - All News and Analysis

Decision Makers

Name (plus bio) Position
Robert W. Cremin Chief Executive Officer
Brad Lawrence President & Chief Operating Officer
Gary Posner Cao
Robert D. George Vice President and Chief Financial Officer
Larry A. Kring Senior Group Vice President
Frank Houston Group Vice President
Marcia J.M. Greenberg Vice President, Hr
Peter Bobkowski Group Vice President
Richard Wood Group Vice President
Stephen R. Larson Vice President, Strategy and Technology
Steve Barton Group Vice President
Brian Keogh Director, Corp Communications
Teresa Sebert Director, HR
Sandra Ward Manager, Pension Admin
Leslie Lenz Coordinator, Communications
E. John Finn Director

Board of Directors

Name (plus bio) Position
James L. Pierce Technology Committee Chairman
Ross J. Centanni Nominating & Corporate Governance Committee Chairman
Anthony P. Franceschini Board of Directors
Charles R. Larson Board of Directors
Jerry D. Leitman Board Director
John F. Clearman Board Director
Lewis E. Burns Board Director
Paul V. Haack Board of Directors
Robert S. Cline Board of Directors

Mr. Cremin is Chairman, President, and Chief Executive Officer of Esterline Technologies and has been with the company since 1976. In over three decades with Esterline, he has served in virtually all its major operating areas. He began his tenure with Criton Technologies before the company became Esterline. At Criton, he served as Director of Program Analysis, Group Executive, and Group Vice President. He joined Esterline in 1987, was appointed President and CEO in 1999, and became Chairman in 2001. Mr. Cremin began his career at General Electric, where he was an Advanced Process Development Engineer, and at Omark Industries, where he held a number of executive roles including Director of Marketing. Mr. Cremin holds an MBA from Harvard Business School and a BS from Polytechnic University of New York. He serves on the Board of Directors of Dover Corp. (NYSE) and the Pacific Northwest Ballet.

Organization Position Status
Esterline Technologies Corporation Chief Executive Officer Current
Esterline Technologies Corporation Chairman Current
Esterline Technologies Corporation President Former

Organization Position Status
Esterline Technologies Corporation President & Chief Operating Officer Current
Esterline Technologies Corporation Group Vice President Former

Organization Position Status
Esterline Technologies Corporation Cao Current
Esterline Technologies Corporation Corporate Controller Former

Mr. George is Vice President and Chief Financial Officer for Esterline Technologies. Before assuming his current position, he served as Esterline’s Treasurer and Corporate Controller. In his tenure with Esterline, Mr. George has successfully led multiple capital raising initiatives, enhanced the corporation’s capital structure, and contributed strategic and technical support to more than 25 acquisitions and six divestitures. Prior to joining Esterline in 1997, Mr. George held management positions in finance and operations with Zurn Industries, Elgin Electronics, and Xerox Corporation. Mr. George has an MBA from Duke University’s Fuqua School of Business and a BA in economics from Drew University.

Organization Position Status
Esterline Technologies Corporation Vice President and Chief Financial Officer Current
Auxitrol S.A. General Manager Current
Esterline Technologies Corporation Secretary and Treasurer Current
Esterline Technologies Corporation Vice President Former
Esterline Technologies Corporation Corporate Controller Former
Drew University BA Former

Organization Position Status
Esterline Technologies Corporation Senior Group Vice President Current
Yale-New Haven Hospital Chief Former
New York Medical College Director Former
Aerospace Industries Association, Inc Board Director Former
Purdue University Engineering Degree Former

Mr. Houston joined Esterline’s Korry operation early in his career and later held a series of senior management assignments there in operations, customer service, marketing, and as Chief Operating Officer. In 2000, Mr. Houston accepted an assignment as President of Esterline’s Advanced Input Systems operation in Coeur d’Alene, Idaho, shortly after Esterline acquired the business. As such, he played a key role in integrating that organization into Esterline. Mr. Houston returned to Korry in 2002 as president of that operation. In 2005, Mr. Houston was appointed to the position of Group Vice President of Esterline. Mr. Houston holds a bachelor’s degree in political science from Seattle Pacific University and an MBA from the University of Washington. He is a member of the Aerospace Industries Association and the Manufacturers Alliance. He is also a member of the Executive Council for Seattle Pacific University’s School of Business and Economics.

Organization Position Status
Esterline Technologies Corporation Group Vice President Current
Korry Electronics Co. President Former
Esterline Technologies Corporation Coo Former
Seattle Pacific University Bachelors Degree Former

Mrs. Greenberg has served as Esterline’s Vice President of Human Resources since joining the company in 1993. Mrs. Greenberg has an extensive background in law and human resources management. Prior to joining Esterline, Mrs. Greenberg was a partner at Bogle & Gates, a Seattle-based firm where she began her legal career in 1984. She also spent six years in Valdez, Alaska, where she was a high school teacher and served as the Director of the Gifted & Talented Program and the President and chief negotiator for the Valdez Education Association. Mrs. Greenberg holds a JD from the Northwestern University School of Law and a BA in political science from Portland State University.

Organization Position Status
Esterline Technologies Corporation Vice President, Hr Current
Bogle & Gates Partner Former
Valdez Alaska Director of the Gifted & Talented Program Former
Northwestern University School of Law Jd Former
Portland State University BA Former

Organization Position Status
Esterline Technologies Corporation Group Vice President Current

Organization Position Status
Auxitrol S.A. Group President Current
Esterline Technologies Corporation Group Vice President Current
Weston Group Managing Director Current
Pressure Systems, Inc. Head Former

Mr. Larson is Vice President – Strategy and Technology for Esterline Technologies. In that position he is responsible for leading the company’s strategic initiatives and corporate development efforts. Since being promoted to this role in 2000, he has led more than 34 acquisitions. Before this position, Mr. Larson served as an Esterline Group Vice-President for 10 years. Prior to becoming an officer of Esterline, Mr. Larson served as President of Korry Electronics after successive assignments in engineering, marketing and operations. Prior to joining Korry, he was with Zenith Electronics Corporation where he was Director of Marketing. Mr. Larson holds an MBA from the University of Chicago and an electrical engineering degree from Northwestern University. He is a member of the Beta Gamma Sigma Honorary Fraternity and serves on the Board of Governors of the Aerospace Industries Association.

Organization Position Status
Esterline Technologies Corporation Vice President, Strategy and Technology Current
Cornerstone Equity Investors, LLC Managing Director Current
Wafertape Current
Vestcom International, Inc. Board of Directors Current
CPI International, Inc. Director Current
CPI Corporation Director Current
Cornerstone Equity Investors, LLC Board of Directors Current
Equitrac Corp. Board of Directors Current
Interim Healthcare Inc. Board of Directors Current
Korry Electronics Co. President Former
Esterline Technologies Corporation President Former
Korry Electronics Co. Executive Vice President, Operations Former
C&F Capital Ltd. Managing Director Former
Zenith Electronics Corp. Director of Technical Marketing Former
Cornerstone Former
Heath Tecna Inc Director Former
University of Illinois CPA Former
University of Chicago M.B.A. Former
Northwestern University B.S. In Electrical Engineering Former
University of Chicago B.S. Former
University of Illinois B.S Former

Organization Position Status
Kirkhill-TA Company Co-President Current
Esterline Technologies Corporation Group Vice President Current

Organization Position Status
Esterline Technologies Corporation Director, Corp Communications Current
Esterline Technologies Corporation Director, Corp Communications Former

Organization Position Status
Esterline Technologies Corporation Director, HR Current
Esterline Technologies Corporation Manager, Employee Benefits, HR IS Former

Organization Position Status
Esterline Technologies Corporation Manager, Pension Admin Current

Organization Position Status
Esterline Technologies Corporation Coordinator, Communications Current

Organization Position Status
Esterline Technologies Corporation Technology Committee Chairman Current
ARINC Incorporated Board Chairman Former
Esterline Technologies Corporation Board of Directors Former

Organization Position Status
Gardner Denver, Inc. Chairman, President and CEO Current
Esterline Technologies Corporation Nominating & Corporate Governance Committee Chairman Current
Hoffman Air and Filtration Systems Board of Directors Current
Denman Services, Inc. Director Current
Cooper Industries Ltd. Vice President, Gardner Denver Division Former
Cooper Industries Ltd. General Manager, Gardner Denver Division Former
Cooper Industries Ltd. Director of Marketing Former
Esterline Technologies Corporation Board Director Former
Gardner Denver, Inc. Director Former
Louisiana State University M.B.A. Degree Former
Louisiana State University B.S. Degree In Industrial Technology Former

Organization Position Status
Stantec Inc. Chief Executive Officer Current
Stantec Inc. Board Director Current
Esterline Technologies Corporation Board of Directors Current
Stantec Inc. President Former

"Elected to the Northrop Grumman Board of Directors in 2002 Admiral Charles R. Larson has unique experience across the spectrum of military leadership, management and government policy. He is recognized as the first Naval officer to be selected as a White House Fellow and naval aide to the president. He was superintendent of the U.S. Naval Academy from 1983 to 1986. In 1991, Larson became senior military commander in the Pacific. He returned to U.S. Naval Academy in 1994, where he served as superintendent until 1998. His decorations include the Defense Distinguished Service Medal and seven Navy Distinguished Service Medals. Admiral Larson is a director of Esterline Technologies Corporation, Edge Technologies, Inc., and The Atlantic Council. He is also chairman of the board of the U.S. Naval Academy Foundation, chairman of Via Global LLC, and a trustee of the Anne Arundel Health Systems, Inc. Northrop Grumman Corporation is a leading global security company whose 120,000 employees provide innovative systems, products, and solutions in aerospace, electronics, information systems, shipbuilding and technical services to government and commercial customers worldwide. "

Organization Position Status
Northrop Grumman Corporation Board of Directors Current
Esterline Technologies Corporation Board of Directors Current
United States Naval Academy Superintendent & Admiral Former

Organization Position Status
Broadsword Partners, LLC Managing Director Current
Niagara University Trustee Current
National Association of Corporate Directors Member Current
Stantec Inc. Director Current
Vodium and Partners Director Current
National Association of Corporate Directors Board of Directors Current
Esterline Technologies Corporation Director Current
Dairydelicious Director Current
Standard Oil Former
Carborundum Corp Former

Organization Position Status
Esterline Technologies Corporation Board Director Current
FuelCell Energy, Inc. CEO Former
FuelCell Energy, Inc. President Former
FuelCell Energy, Inc. Chairman Former
Esterline Technologies Corporation Chairman Former

Organization Position Status
Esterline Technologies Corporation Board Director Current
Washington Federal Inc. Board of Directors Current
Milliman USA Cfo Former
Milliman USA Special Advisor Former

Organization Position Status
Esterline Technologies Corporation Board Director Current

Organization Position Status
Esterline Technologies Corporation Board of Directors Current

Organization Position Status
Esterline Technologies Corporation Board of Directors Current
Safeco Corporation Board of Directors Current
Esterline Technologies Corporation Director Former

Executive News

  • Luminex Corporation (NASDAQ:LMNX) Is Today's Top Stock To Watch

    EMAILWIRE.com - 9/06/09 - View Story

  • Esterline 3Q Earnings From Continuing Operatons $32.5 Million -- $1.09 per Share -- on $361.5

    PCB Caf - 9/05/09 - View Story

  • Unusual 11 Mid-Day Movers 9/4: TONE, JAZZ, LTXC, ESL Higher; ARRY, BPI, ZQK, GIII Lower

    Street Insider - 9/04/09 - View Story

  • Esterline posts 59 percent jump in 3Q profit

    CNBC - 9/03/09 - View Story

  • After-Hours Movers 9/3: NVLS, ESL, LMNX Higher; ZQK, ULTA, ARST, COO Lower

    Street Insider - 9/03/09 - View Story

  • Esterline (ESL) Reports Strong Q3 Earnings; Guides In-line for FY

    Street Insider - 9/03/09 - View Story

  • Esterline 3Q Earnings From Continuing Operatons $32.5 Million --

    Market Wire via MSN Money - 9/03/09 - View Story

  • Esterline 3Q Earnings From Continuing Operatons $32.5 Million -- $1.09 per Share -- on $361.5 Million Sales

    Yahoo! Canada - 9/03/09 - View Story

  • Esterline Q3 earnings rise

    Seattle Bizjournals - 9/03/09 - View Story

  • Esterline Invitation to 3rd Quarter 2009 Earnings Conference Call

    TradingMarkets - 8/13/09 - View Story

  • Esterline Invitation to 3rd Quarter 2009 Earnings Conference Call

    Market Wire via MSN Money - 8/13/09 - View Story

  • Esterline Invitation to 3rd Quarter 2009 Earnings Conference Call

    Market Wire - 8/13/09 - View Story

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     ESL $42.68 +1.16 (2.79% )
Average Volume 290,469
Shares Outstanding 29.76M
Market Cap 1.3B
Year High 44.27
Year Low 18.9066
Earnings Per Share 3.56
P/E Ratio 11.99
Dividend N/A
Yield N/A
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