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Espey Mfg. & Electronics Corp - $ESP STOCK NEWS

Welcome to our dedicated page for Espey Mfg. & Electronics news (Ticker: $ESP), a resource for investors and traders seeking the latest updates and insights on Espey Mfg. & Electronics stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Espey Mfg. & Electronics's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Espey Mfg. & Electronics's position in the market.

Rhea-AI Summary
Espey Mfg. & Electronics Corp. (ESP) announces a 16% increase in quarterly dividend to $0.175 per share. The company specializes in military and industrial power supplies/transformers.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.07%
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dividends
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Rhea-AI Summary
Espey Mfg. & Electronics Corp. (ESP) reports strong financial performance for the first six months of fiscal year 2024, with increased net sales and net income compared to the previous year. The company's backlog and new orders also show positive growth, indicating a promising outlook for future profitability and business expansion.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.53%
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Rhea-AI Summary
Espey Manufacturing was awarded a BAE Systems Partner2Win gold medallion for exceptional performance and commitment to operational excellence. The program recognizes suppliers for their success in operations, quality, and procurement, and Espey's contributions to supply chain success helped BAE Systems ensure quality deliveries to customers. The award signifies Espey's commitment to creating the highest quality products for service men and women.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.52%
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none
Rhea-AI Summary
Espey (ESP) Press Release: AESA Radar Integration and Espey's Role in Advancing Radar Technology
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.8%
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none
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Rhea-AI Summary
Espey Mfg. & Electronics Corp. (ESP) declares a regular quarterly dividend of $0.15 per share, payable on December 22, 2023, to shareholders of record on December 15, 2023. Espey's primary business is the development, design, and production of specialized military and industrial power supplies/transformers.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.66%
Tags
dividends
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Rhea-AI Summary
Espey Mfg. & Electronics Corp. (NYSE American: ESP) announces strong financial results for Q1 FY 2024, with net sales of $8,568,214 and net income of $1,094,544. The backlog reached a record level of $87.1 million, and new orders were approximately $12.1 million. The company's President and CEO, Mr. David O’Neil, expressed satisfaction with the improved operating margins and strong sales performance.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.79%
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Rhea-AI Summary
Espey Mfg. & Electronics Corp. announces Q4 and FY2023 results. Net sales for FY2023 were $35.6M, up from $32.1M in FY2022. Net income for FY2023 was $3.7M, compared to $1.3M in FY2022. Sales order backlog at $83.6M. Q4 net sales were $8.3M, slightly down from last year. New orders for FY2023 were $42.4M. Dividend increased by 50% to $0.15 per share.
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Rhea-AI Sentiment
End-of-Day
8.91%
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Rhea-AI Summary
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End-of-Day
2.33%
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dividends
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Rhea-AI Summary
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Rhea-AI Sentiment
End-of-Day
-0.38%
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Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.68%
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dividends
Espey Mfg. & Electronics Corp

NYSE:ESP

ESP Rankings

ESP Stock Data

62.71M
1.49M
36.56%
13.26%
0.14%
Optical Instrument and Lens Manufacturing
Manufacturing
Link
United States of America
SARATOGA SPRINGS

About ESP

espey is a recognized industry leader of power conversion, magnetics, and build-to-print products, and dynamic lifecycle management services that support the demands of the defense and industrial markets. we couple our vertical manufacturing capabilities with the agility of a small business, governed by large business disciplines. all design, manufacturing, and testing are performed in our 150,000+ square foot facility located at 233 ballston ave, saratoga springs, new york. espey is a us small business certified company that is iso as9100 certified and publicly traded on nyse amex (esp). espey has been in business since 1928 and continues to be successful through the design and manufacture of new and improved products by using cutting-edge and emerging technologies.