Pulse compression based excitation signals have been shown to improve signal quality in many active ranging applications without negatively impacting range resolution. Most prior work into using pulse compression presents the technique as if matched filtering is necessary to successfully achieve signal compression. Matched filtering against modulated excitation signals does result in useful information compression, however, it also suppresses information outside of the bandwidth of the transmission signal. This can distort or remove useful information in some applications, such as ultrasonic guided wave inspections, making the processing step unsuitable. In this paper, we show that when pulse compression with coded excitation is employed, a second filtering option is available for compressing the modulated information. The second option, which we have termed the sequence filter, utilises sequence elements as the template against which the filtering of coded excitation measurements is undertaken, thereby allowing compression to be achieved independent of received signal frequency content. We verify that sequence filtering successfully produces signal compression in two experimental ultrasound non-destructive testing applications where frequency modulated pulse compression was unsuitable. With both sequence filtering and matched filtering, we show signal-to-noise ratio gains in excess of 20 dB from using pulse compression.