ESP
Espey Mfg. & Electronics Corp.42.96
-1.62-3.63%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
126.09MP/E (TTM)
13.55Basic EPS (TTM)
3.17Dividend Yield
0.02%Recent Filings
8-K
10-Q
8-K
Auditor switch announced
10-K
FY2025 results
Espey Mfg. & Electronics Corp. posted FY2025 net sales of $44.0 million, up 13.5% year-over-year, fueled by multi-year contracts for shipboard transformers, power systems for combat vehicles, and aircraft radar platforms, while build-to-print sales rose but magnetics dipped due to order completions. Gross margins expanded to 28.9% from 27.5%, thanks to favorable product mix, milestone completions, and labor efficiencies, lifting operating income to $8.1 million and net income to $8.1 million or $3.02 diluted EPS on 2.7 million shares. Q4 sales of $9.6 million trailed Q2's $13.6 million peak yet boosted net income to $2.9 million, signaling steady momentum amid a $139.7 million backlog—up 44%—with $49.1 million slated for FY2026. Cash swelled to $18.9 million via $21.0 million operating inflows, funding $1.75 per share dividends and $4.4 million capex; no debt, $3 million revolver available. FY2026 outlook eyes higher revenues but softer EPS from costlier backlog mix. Backlog funding hinges on U.S. defense budgets.
8-K
CEO O'Neil's new deal
Espey Mfg. & Electronics Corp. signed a new employment agreement with CEO David A. O'Neil on September 8, 2025, effective July 1, 2025, extending his term through June 30, 2028, with a $400,000 base salary and up to $250,000 in performance bonuses tied to sales, backlog, and operating income. Severance jumps to 18 months' pay if he quits amid a change of control. This locks in leadership stability amid market volatility.
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