ESP

SARATOGA SPRINGS, N.Y., June 04, 2026 (GLOBE NEWSWIRE) -- The Board of Directors of Espey Mfg. & Electronics Corp. (NYSE AMERICAN: ESP) has declared a regular quarterly dividend of $0.25 per share. The dividend will be payable on June 22, 2026 to all shareholders of record on June 15, 2026. Espey's primary business is the development, design, and production of specialized military and industrial power supplies/transformers. The Company can be found on the Internet at www.espey.com. For further information, contact Ms. Kaitlyn O’Neil at [email protected]. Certain statements in this press release are "forward-looking statements" and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements represent the Company's current expectations or beliefs concerning future events. The matters covered by these statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those set forth in the forward-looking statements. The Company wishes to caution readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made.

Espey Mfg. & Electronics Corp. ESP has declined 15% since the company reported its earnings for the quarter ended March 31, 2026, compared with the S&P 500 index’s 0.1% growth over the same period. Over the past month, the stock has declined 12.1%, underperforming the S&P 500’s 5% growth, reflecting a weaker investor reaction despite the company’s improved profitability. For the fiscal third quarter of 2026, Espey reported earnings per share of 99 cents, which rose from 63 cents in the prior-year quarter. Net sales of $11.4 million indicated a 10.9% increase from $10.3 million in the year-ago quarter. Net income climbed 68.1% to $2.9 million from $1.7 million a year earlier. Gross profit improved 43.4% year over year to $4.2 million, and gross margin expanded to 37% from 28.6%. Espey Mfg. & Electronics Corp. price-consensus-eps-surprise-chart | Espey Mfg. & Electronics Corp. Quote Espey ended the quarter with a backlog of approximately $137.1 million compared with $138 million at the same point last year. About $92.7 million of the backlog came from three significant customers. Management noted that 11% of the current backlog is expected to be recognized during fiscal 2026, 38% in fiscal 2027, 22% in fiscal 2028 and the remainder thereafter. The company received $30 million in new orders during the first nine months of fiscal 2026, down sharply from $75.1 million in the comparable prior-year period, which had benefited from two major multiyear contract awards totaling $49.4 million. Despite the slowdown, Espey said it had approximately $152.5 million in outstanding business opportunities spanning repeat and new programs as of May 7, 2026. Contract liabilities increased to $33.5 million from $22.9 million at June 30, 2025, largely reflecting advance cash collections on certain contracts. Meanwhile, inventories rose significantly to $26.6 million from $17.8 million as the company continued work on contracts in process. Management attributed the third-quarter sales increase primarily to higher activity on several magnetics programs and increased field service work, partly offset by lower sales from certain power supply and build-to-print programs. For the nine-month period, lower sales reflected shipment timing, milestone completion schedules and reduced deliveries on some power supply programs. Gross margin improvement was driven by product mix, labor efficien...

SARATOGA SPRINGS, N.Y., May 12, 2026 (GLOBE NEWSWIRE) -- Espey Mfg. & Electronics Corp. (NYSE American: ESP) announces results for the first nine months of fiscal year 2026. Net sales for the third quarter ending March 31, 2026, were $11,422,655 compared with last year's third quarter net sales of $10,302,719. Net income for the quarter was $2,864,662, $0.99 per diluted share, as compared to net income of $1,704,487, $0.63 per diluted share for the same quarter last year. For the first nine months ending March 31, 2026 sales were $32,652,434, compared to $34,354,677 for first nine months of fiscal year 2025. Year to date net income for fiscal year 2026 was $7,839,607, $2.74 per diluted share, compared with net income of $5,211,303, $1.95 per diluted share, for the same period last year. The backlog for the Company was approximately $137.1 million at March 31, 2026, compared with last year's backlog of $138.0 million at March 31, 2025. New orders in the first nine months of fiscal year 2026 were $30.0 million, compared with new orders in the first nine months of fiscal year 2025 of $75.1 million. Mr. David O’Neil, President and CEO, commented, With a strong quarter behind us, we continue accelerating into the remainder of the year with the confidence that we will deliver excellent full-year results. Most importantly, we continue strengthening margins through a combination of increased revenue, favorable product mix, improved operating leverage, and a disciplined focus on cost efficiencies. These results demonstrate the strength of our business model and our ability to convert top-line growth into improved profitability. The combination of strong revenue performance and margin expansion highlights the progress we’ve made in optimizing the quality and consistency of our earnings. Each quarter, I am impressed by and grateful to our employees for their ongoing commitment and energy. This performance would not be possible without them. Espey's primary business is the development, design, and production of specialized military and industrial power supplies/transformers. The Company can be found on the internet at www.espey.com. For further information, contact Ms. Kaitlyn O’Neil at [email protected]. This press release may contain certain statements that are "forward-looking statements" and are made pursuant to the safe harbor provisions of the Private Securities Li...

SARATOGA SPRINGS, N.Y., March 09, 2026 (GLOBE NEWSWIRE) -- The Board of Directors of Espey Mfg. & Electronics Corp. (NYSE AMERICAN: ESP) has declared a regular quarterly dividend of $0.25 per share. The dividend will be payable on March 27, 2026 to all shareholders of record on March 20, 2026. Espey's primary business is the development, design, and production of specialized military and industrial power supplies/transformers. The Company can be found on the Internet at www.espey.com. For further information, contact Ms. Kaitlyn O’Neil at [email protected]. Certain statements in this press release are "forward-looking statements" and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements represent the Company's current expectations or beliefs concerning future events. The matters covered by these statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those set forth in the forward-looking statements. The Company wishes to caution readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made.

Shares of Espey Mfg. & Electronics Corp. ESP have declined 12.8% since the company reported its earnings for the quarter ended Dec. 31, 2025. This compares to the S&P 500 index’s 2% decline over the same time frame. Over the past month, the stock has declined 2.4% compared with the S&P 500’s 2% decrease. For the second quarter of fiscal 2026, Espey reported net income of 99 cents per share, up from 71 cents per share in the prior-year quarter. Net sales decreased 10.8% to $12.1 million from $13.6 million a year earlier. Despite the top-line decline, net income rose 47% to $2.8 million compared with $1.9 million in the prior-year quarter. Espey Mfg. & Electronics Corp. price-consensus-eps-surprise-chart | Espey Mfg. & Electronics Corp. Quote Gross profit for the quarter climbed to $4.2 million from $3.2 million in the prior-year period, lifting gross margin to 34.7% from 23.2%. Management attributed the stronger profitability primarily to product mix, labor efficiencies and process improvements, partially offset by higher-than-anticipated costs on certain fixed-price engineering contracts. Selling, general and administrative (SG&A) expenses were essentially flat year over year at $1.1 million in the quarter. Higher ESOP contributions, salaries and professional services contributed to the increase, partly offset by lower stock option expense and certain other costs. Interest income also provided a boost. Other income increased to $0.4 million in the quarter from $0.3 million a year earlier, reflecting higher interest earned on cash and investment balances. Espey reported a total backlog of $134.7 million as of Dec. 31, 2025, up from $120.1 million a year earlier. Approximately $88.8 million of the current backlog is tied to three significant customers. The company expects at least $26.8 million of this backlog to be filled during the fiscal year ending June 30, 2026. New orders in the first six months of fiscal 2026 totaled about $16.3 million, down from $46.9 million in the prior-year period, which had included two significant multi-year awards. Management indicated that fiscal 2026 new orders are expected to be lower than those received in fiscal 2025. Management expects higher revenues in fiscal 2026 compared with fiscal 2025, driven by orders already in backlog. Although first-half fiscal 2026 sales were lighter than the prior year, leadership anticipates...

SARATOGA SPRINGS, N.Y., Feb. 10, 2026 (GLOBE NEWSWIRE) -- Espey Mfg. & Electronics Corp. (NYSE American: ESP) announces results for the first six months of fiscal year 2026. Sales for the second quarter of fiscal year 2026, ending December 31, 2025, were $12,136,903 compared to fiscal year 2025 second quarter sales of $13,608,740. Net income for the quarter was $2,805,109, $0.99 per diluted share, as compared to net income of $1,908,499, $0.71 per diluted share for the same quarter last year. For the six months ending December 31,2025, net sales were $21,229,779, compared to $24,051,958 for the first six months of fiscal year 2025. Net income for the period was $4,974,945, $1.75 per diluted share, compared with net income of $3,506,816, $1.32 per diluted share, for the same period last year. The backlog for the Company was $134.7 million at December 31, 2025, compared with last year's backlog of approximately $120.1 million at December 31, 2024. New orders in the first six months of fiscal year 2026 were $16.3 million, compared to new orders in the first six months of fiscal year 2025 of approximately $46.9 million, which included $29.5 million in multi-year contract awards. Mr. David O’Neil, President and CEO, commented, We delivered solid margins, made meaningful progress across key programs, and continue to see encouraging trends as we move through the year. We experienced some top-line impacts from factors outside of our control that resulted in a timing shift for certain deliverables. We are working closely with our customers and vendors to execute on these milestones in the second half of the year and remain on pace to deliver better results than the prior year. Our performance reflects the underlying strength of our business and disciplined execution against our strategic priorities. I would like to congratulate and thank our employees for their dedication, collaboration, and continued focus, which positions us well for sustained momentum. Espey's primary business is the development, design, and production of specialized military and industrial power supplies/transformers. The Company can be found on the internet at www.espey.com. For further information, contact Ms. Kaitlyn O’Neil at [email protected]. This press release may contain certain statements that are "forward-looking statements" and are made pursuant to the safe harbor provisions of the Priv...

Shares of Espey Mfg. & Electronics Corp. ESP have gained 1.1% since the company reported its earnings for the quarter ended Sept. 30, 2025. This compares to the S&P 500 index’s 2% decline over the same time frame. Over the past month, the stock has gained 1.7% compared with the S&P 500’s 0.2% growth. Espey reported first-quarter fiscal 2026 net income of 76 cents per share, up from 61 cents per share in the prior-year period. Net sales of $9.1 million for the quarter reflected a 12.9% decline from the $10.4 million posted in the same quarter a year earlier. Despite the revenue contraction, net income rose to $2.2 million compared to $1.6 million in the prior-year period. Gross profit rose 14.9% to $3.2 million, pushing gross margin up to 35.4% from 26.8% in the year-ago quarter. The company also declared and paid total dividends of $1.00 per share, including a special dividend of 75 cents, up from 25 cents in the prior-year quarter. Espey Mfg. & Electronics Corp. price-consensus-eps-surprise-chart | Espey Mfg. & Electronics Corp. Quote The jump in gross margin and profitability stemmed from improved product mix, labor efficiencies, and cost management. Operating income reached $2.1 million, up from $1.7 million in the prior-year quarter, even as selling, general and administrative expenses rose by 6.4% to $1.2 million. Interest income nearly doubled year over year to $0.5 million thanks to higher cash balances and investment yields. Total comprehensive income came in at $2.2 million, compared to $1.6 million a year ago. Cash flow from operations was robust at $5.7 million, a significant increase from $1.4 million in the prior-year quarter, driven by higher customer advances and lower receivables. Capital expenditures totaled $1.3 million, offset by $1 million in milestone reimbursements under a Navy funding program. Management attributed the lower sales to fewer deliveries and milestone completions tied to the product mix. Key contributors to the decline included the wind-down of a significant build-to-print program and lower shipments on select magnetics and power supply contracts. However, these were partially offset by increases in other core programs. The company emphasized that the sales decrease was not indicative of a long-term trend, but rather due to the timing of shipments. Leadership remains confident in the company’s engineering and production ca...

SARATOGA SPRINGS, N.Y., Nov. 12, 2025 (GLOBE NEWSWIRE) -- Espey Mfg. & Electronics Corp. (NYSE American: ESP) announces results for the first three months of fiscal year 2026. Net sales for the three months ended September 30, 2025 and 2024 were $9,092,876 and $10,443,218, respectively. Net income for the three months ended September 30, 2025 was $2,169,836 or $0.80 and $0.76 per share, basic and diluted, compared to net income of $1,598,317 or $0.63 and $0.61 per share, basic and diluted, for the three months ended September 30, 2024. The total backlog at September 30, 2025 was approximately $141.1 million, compared to approximately $94.6 million at September 30, 2024. New orders received in the first three months of fiscal year 2026 were roughly $10.5 million as compared to $7.8 million new orders received in the first three months of fiscal year 2025. Mr. David O’Neil, President and CEO, commented, Our team maintained solid execution this period. Despite softer sales, we saw significant improvement in gross profit, backlog levels, and net income results for the quarter. The year-over-year sales decline reflects nothing more than a change in the timing of shipments for the year. Our team continues to focus on finding labor efficiencies, negotiating savings on materials, and effective resource management—efforts that are clearly reflected in the strength of our gross profits. Overall, the progress we made this quarter positions the Company well for the rest of the fiscal year and highlights our ongoing commitment to creating value for our stockholders. Espey's primary business is the development, design, and production of specialized military and industrial power supplies/transformers. The Company can be found on the internet at www.espey.com. For further information, contact Ms. Kaitlyn O’Neil at [email protected]. This press release may contain certain statements that are "forward-looking statements" and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements represent the Company's current expectations or beliefs concerning future events. The matters covered by these statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those set forth in the forward-looking statements. The Company wishes to caution readers not to...

Shares of Espey Mfg. & Electronics Corp. ESP have declined 10.3% since the company reported its earnings for the quarter ended June 30, 2025. This compares to the S&P 500 index’s 0.8% growth over the same time frame. Over the past month, the stock has gained 14.5% compared with the S&P 500’s 4.5% growth. For the fourth quarter of 2025, Espey reported net income of $1.05 per share, up from 73 cents per share a year earlier. The company generated net sales of $9.6 million, down from $11.6 million in the prior-year quarter. Nevertheless, quarterly net income rose to $2.9 million from $1.9 million a year earlier. Espey Mfg. & Electronics Corp. price-consensus-eps-surprise-chart | Espey Mfg. & Electronics Corp. Quote Espey posted net income of $8.1 million for fiscal 2025, up from $5.8 million in the prior year, representing an increase of about 40%. The earnings improvement translated into higher earnings per share, with EPS rising to $3.02 from $2.29. Espey’s backlog reached approximately $139.7 million as of June 30, 2025, up sharply from the prior year. The company expects 35% of this backlog to be recognized as revenue in fiscal 2026, 19% in 2027, 15% in 2028, and the remaining 31% thereafter. Export shipments also grew, totaling $3.1 million in 2025 compared with $2.4 million a year earlier. On the customer side, sales concentration remained high, with six domestic customers accounting for 74% of sales in fiscal 2025. This compares to five customers making up 81% of sales in 2024, underscoring the company’s reliance on a handful of large defense and industrial accounts. Management anticipates revenues in fiscal 2026 will be higher than in fiscal 2025. However, net income per share is expected to decline due to orders in the backlog scheduled for shipment with higher anticipated aggregate costs than last year’s mix. Inflationary pressures and ongoing supply chain challenges — particularly long lead times and part obsolescence — remain notable hurdles. In some cases, component waiting times approach a year or more, forcing Espey to adjust its internal schedules and quotations accordingly. The labor market also presents challenges, with specific skillsets in short supply and lower local unemployment rates creating a competitive recruiting environment. While the company’s workforce remains stable, management emphasized the need for continued training and recrui...

SARATOGA SPRINGS, N.Y., Sept. 16, 2025 (GLOBE NEWSWIRE) -- Espey Mfg. & Electronics Corp. (NYSE American: ESP) announces results for its fourth quarter and fiscal year, ended June 30, 2025. For the fiscal year ended June 30, 2025, the Company reported net sales of $43,950,872 compared with $38,736,319 for the fiscal year ended June 30, 2024. Net income for the year was $8,142,954, $3.02 per diluted share, compared with net income of $5,815,140, $2.29 per diluted share, for the fiscal year ended June 30, 2024. At June 30, 2025, the backlog was $139.7 million, compared to last year’s backlog of $97.2 million at June 30, 2024. For the fourth quarter ended June 30, 2025, net sales were $9,596,194 compared with last year’s fourth quarter net sales of $11,610,911. The net income for the fourth quarter ended June 30, 2025 was $2,931,651, $1.05 per diluted share, compared with net income of $1,893,296, $0.73 per diluted share, for the corresponding period last year. In addition, new orders for the fiscal year ended June 30, 2025 were $86.4 million compared with approximately $52.4 million for the corresponding period last year. Mr. David O’Neil, President and CEO, commented, “The year brought meaningful results, thanks to the hard work and focus of our entire team. We saw steady revenue growth fueled by strong execution and lasting customer relationships. Our backlog is at record levels, and new orders were very strong. This success belongs to our employees, and is a moment worth celebrating. As we begin the next fiscal year, we continue to invest in our people and our products, with the goal of building long-term value. I want to sincerely thank our team for their dedication and our investors and shareholders for their ongoing support.” Espey's primary business is the development, design, and production of specialized military and industrial power supplies/transformers. The Company can be found on the Internet at www.espey.com. For further information, contact Ms. Kaitlyn O’Neil at [email protected]. This press release may contain certain statements that are "forward-looking statements" and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements represent the Company's current expectations or beliefs concerning future events. The matters covered by these statements are subject to certa...

SARATOGA SPRINGS, N.Y., Sept. 08, 2025 (GLOBE NEWSWIRE) -- The Board of Directors of Espey Mfg. & Electronics Corp. (NYSE AMERICAN: ESP) has declared a special cash dividend of $0.75 per share. This special dividend is in addition to a regular quarterly dividend of $0.25 per share. The dividends will be payable on September 26, 2025 to all shareholders of record on September 19, 2025. Espey's primary business is the development, design, and production of specialized military and industrial power supplies/transformers. The Company can be found on the Internet at www.espey.com. For further information, contact Ms. Kaitlyn O’Neil at [email protected]. Certain statements in this press release are "forward-looking statements" and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements represent the Company's current expectations or beliefs concerning future events. The matters covered by these statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those set forth in the forward-looking statements. The Company wishes to caution readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made.

SARATOGA SPRINGS, N.Y., June 05, 2025 (GLOBE NEWSWIRE) -- The Board of Directors of Espey Mfg. & Electronics Corp. (NYSE AMERICAN: ESP) has declared a regular quarterly dividend of $0.25 per share. The dividend will be payable on June 23, 2025 to all shareholders of record on June 16, 2025. Espey's primary business is the development, design, and production of specialized military and industrial power supplies/transformers. The Company can be found on the Internet at www.espey.com. For further information, contact Ms. Kaitlyn O’Neil at [email protected]. Certain statements in this press release are "forward-looking statements" and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements represent the Company's current expectations or beliefs concerning future events. The matters covered by these statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those set forth in the forward-looking statements. The Company wishes to caution readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made.