ESP
Espey Mfg. & Electronics Corp.42.96
-1.62-3.63%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '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
10-Q
Q2 FY2026 results
Espey Mfg. posted Q2 FY2026 net sales of $12.1M, down 10.8% y/y yet gross margins leaped to 34.7% from 23.2%, fueling operating income up 51.8% y/y to $3.1M. Six-month sales fell 11.8% y/y to $21.2M, but gross profit climbed 24.6% to $7.4M (35.0% margin) on favorable product mix and efficiencies, driving net income to $5.0M or $1.75 diluted EPS, up 41.8% y/y—EPS reconciles cleanly to 2,845,556 diluted shares. Cash dipped to $17.8M amid $2.9M operating cash flow, $2.6M capex (partly offset by $2.0M Navy grant), and $3.4M dividends; no debt, $3M revolver available. Backlog hit $134.7M. Customer concentration tempers growth.
8-K
Elects director, dividend declared
Espey stockholders elected Nancy Patzwahl as Class B Director on December 5, 2025, with 1,566,288 votes for amid 25,831 withholds. The board then named her Audit Committee Chair, succeeding Paul Corr who stays on the committee. It declared a $0.25 quarterly dividend, payable December 26 to record holders on December 19. Smooth governance transition.
10-Q
Q1 FY2026 results
Espey posted Q1 FY2026 net sales of $9.1M, down 12.9% y/y from $10.4M yet gross margins leaped to 35.4% from 26.8% on favorable product mix and labor efficiencies, driving operating income to $2.1M (up 20.1% y/y, derived) and diluted EPS to $0.76 (up 24.6% y/y). Cash swelled to $22.2M with $5.7M operating cash flow; free cash flow not disclosed in the 10-Q. Backlog hit $141.1M, up from $94.6M y/y. Navy grant reimbursements cushioned $1.3M capex. No debt, $3M revolver available. Customer concentration persists.
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.
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