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Espey Mfg. & Electronics Corp.

Espey Mfg. & Electronics Corp.

AMEX•ESP
CEO: Mr. Alan Winslow
Sector: Industrials
Industry: Electrical Equipment & Parts
Listing Date: 1980-03-17
Espey Mfg. & Electronics Corp., a power electronics design and original equipment manufacturing company, designs, manufactures, and tests electronic equipment primarily for use in military and industrial applications in the United States. 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 development of automatic testing equipment. 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. It also exports its products. Espey Mfg. & Electronics Corp. was incorporated in 1928 and is based in Saratoga Springs, New York.
Contact Information
233 Ballston Avenue, Saratoga Springs, NY, 12866-4755, United States
518-584-4100
www.espey.com
Market Cap
$157.61M
P/E (TTM)
16.8
5.6
Dividend Yield
3.3%
52W High
$55.00
52W Low
$24.85
52W Range
96%
Rank30Top 19.5%
5.1
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Average • 5.1 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025

Financial Dashboard

Q1 2026 Data

Revenue

$9.09M-12.93%
4-Quarter Trend

EPS

$0.80+26.98%
4-Quarter Trend

FCF

$4.43M+511.17%
4-Quarter Trend

2026 Q1 Earnings Highlights

Key Highlights

Net Income Surge Net income $2.170M USD, up 35.8% compared to $1.598M last year, driven by gross profit gains.
Margin Expansion Achieved Gross margin expanded significantly to 35.4% USD, aided by product mix and labor cost efficiencies.
Strong Cash Position Cash position strengthened; cash and equivalents ended period at $22.220M USD, increasing $3.358M this quarter.
Increased Dividend Payout Paid $1.00 USD per share dividend, including a $0.75 special distribution, compared to $0.25 last year.

Risk Factors

Sales Volume Decline Net sales dropped 12.9% USD to $9.093M, attributed to timing of deliveries and completion of key programs.
High Customer Concentration Top five customers accounted for 79.7% USD of total sales in the quarter, posing reliance risk.
Competition Pressures Pricing Intense competition lowers profit margins on new business bids; management invests in upfront design costs.
Backlog Conversion Risk Engineering delays and cost overruns risk missing fulfillment projections and anticipated operating income.

Outlook

Backlog Growth Reported Total enforceable backlog reached $141.1M USD, including $92.3M from three significant customers as of September 30.
FY2026 Revenue Forecast Management projects fiscal year 2026 revenues will be higher than fiscal year 2025 results based on current orders.
FY2026 Profit Expectation Fiscal year 2026 net income is expected to approximate net income achieved in fiscal year 2025.
Stock Repurchase Authority Authorization remains to purchase up to $783.46K USD of additional Company stock under existing board authority.

Peer Comparison

Revenue (TTM)

Microvast Holdings, Inc.MVST
$444.50M
+19.8%
Ultralife CorporationULBI
$186.53M
+12.9%
Gulf Island Fabrication, Inc.GIFI
$166.77M
+0.3%

Gross Margin (Latest Quarter)

Senstar Technologies CorporationSNT
67.3%
-0.7pp
Microvast Holdings, Inc.MVST
37.6%
+4.5pp
Espey Mfg. & Electronics Corp.ESP
35.4%
+8.6pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
MVST$966.59M-6.4-38.9%15.5%
GIFI$191.98M21.39.7%12.9%
ESP$157.61M16.818.1%0.0%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
-12.6%
Growth Under Pressure
4Q Net Income CAGR
4.4%
Profitability Slowly Improving
Cash Flow Stability
100%
Strong Cash Flow

Research & Insights

Next earnings:Feb 11, 2026
|
EPS:$0.76
|
Revenue:$12.40M
Reports
All Years
  • Form 10-Q - Q1 2026

    Period End: Sep 30, 2025|Filed: Nov 12, 2025|
    Revenue: $9.09M-12.9%
    |
    EPS: $0.80+27.0%
    Meet
  • Form 10-K - FY 2025

    Period End: Jun 30, 2025|Filed: Sep 16, 2025|
    Revenue: $43.95M+13.5%
    |
    EPS: $3.14+34.2%
    Beat
  • Form 10-Q - Q3 2025

    Period End: Mar 31, 2025|Filed: May 12, 2025|
    Revenue: $10.30M+24.8%
    |
    EPS: $0.66+61.0%
    Meet
  • Form 10-Q - Q2 2025

    Period End: Dec 31, 2024|Filed: Feb 12, 2025|
    Revenue: $13.61M+32.1%
    |
    EPS: $0.74+2.8%
    Beat
  • Form 10-Q - Q1 2025

    Period End: Sep 30, 2024|Filed: Nov 13, 2024|
    Revenue: $10.44M+21.9%
    |
    EPS: $0.63+43.2%
    Meet
  • Form 10-K - FY 2024

    Period End: Jun 30, 2024|Filed: Sep 27, 2024|
    Revenue: $38.74M+8.8%
    |
    EPS: $2.34+56.0%
    Beat
  • Form 10-Q - Q3 2024

    Period End: Mar 31, 2024|Filed: May 13, 2024|
    Revenue: $8.25M-15.9%
    |
    EPS: $0.41+17.1%
    Miss
  • Form 10-Q - Q2 2024

    Period End: Dec 31, 2023|Filed: Feb 12, 2024|
    Revenue: $10.30M+17.0%
    |
    EPS: $0.72+53.2%
    Miss