Espey Mfg. & Electronics Corp.

39.00+1.23 (+3.26%)

Oct 29, 4:00:00 PM EDT · NYSE American · ESP · USD

Upcoming Earnings

Report date

≈ Nov 12, 2025 (in 13 days)

Key Stats

Market Cap

114.41M

P/E (TTM)

12.91

Basic EPS (TTM)

3.02

Dividend Yield

0.03%

Recent Filings

8-K

Auditor switch announced

10/1/25Oct 1, 2025

Espey MFG. & Electronics Corp. switched auditors on September 30, 2025, engaging WithumSmith+Brown, PC to audit its fiscal year ending June 30, 2026. This follows Withum's August 1, 2025, integration of Espey's prior firm, Freed Maxick, P.C. The change appears routine. No disagreements disclosed.

10-K

FY2025 results

9/16/25Sep 16, 2025

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

9/9/25Sep 9, 2025

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.

8-K

Espey declares special dividend

9/8/25Sep 8, 2025

Espey Mfg. & Electronics Corp. declared a special cash dividend of $0.75 per share alongside its regular quarterly dividend of $0.25 per share, payable September 26, 2025, to shareholders of record on September 19. This payout signals robust financial health amid the company's focus on military and industrial power supplies. Yet, forward-looking statements carry risks that could alter outcomes.

10-Q

Q3 FY2025 results

5/12/25May 12, 2025

Espey Mfg. & Electronics Corp. posted solid Q3 FY2025 results, with net sales climbing 24.8% year-over-year to $10.3M from $8.3M, fueled by stronger deliveries on power supply and build-to-print programs, while gross margins expanded to 28.6% from 25.0% on favorable product mix. For the nine months, sales rose 26.7% to $34.4M, though margins dipped to 25.9% from 27.5% due to completed higher-margin contracts and ramping magnetics programs; operating income grew 58.6% to $5.5M, and diluted EPS hit $1.95, up from $1.56, reconciling cleanly to 2,668,928 weighted shares with minor anti-dilution from 2,500 options. Cash swelled to $13.9M, bolstered by $18.2M in operating cash flow—free cash flow not disclosed in the 10-Q—while contract liabilities jumped to $21.0M on advances; no debt, with a $3M line available. Navy grants totaling $10.8M support facility upgrades, nearing completion on the $7.4M award through 2026. Backlog hit $138M, up from $84.2M. Customer concentration persists as a key risk.

About

Espey Mfg. & Electronics Corp. manufactures and sells electronic equipment primarily for military and industrial applications in the United States and internationally. Its principal products include power supplies, power converters, filters, power transformers, magnetic components, power distribution equipment, UPS systems, and antennas for use in AC and DC locomotives, shipboard power and radar, airborne power, ground-based radar, and ground mobile power applications. The company also provides various services, such as design and development to specification, build to print, design services, design studies, environmental testing services, metal fabrication, and painting services, as well as automatic testing equipment development services. In addition, it produces individual components, which include inductors, as well as paints, wires, qualifies, and test items; populates printed circuit boards; and fabricates metalwork. The company serves industrial manufacturers and defense companies, the government of the United States, foreign governments, and foreign electronic equipment companies through its direct sales organization and outside sales representatives. Espey Mfg. & Electronics Corp. was incorporated in 1928 and is based in Saratoga Springs, New York.

CEO

Mr. Alan Winslow

IPO

3/17/1980

Website

https://www.espey.com

Employees

152

Sector

Industrials

Industry

Electrical Equipment & Parts