Welcome to our dedicated page for Espey Mfg & Elec news (Ticker: ESP), a resource for investors and traders seeking the latest updates and insights on Espey Mfg & Elec stock.
Espey Mfg. & Electronics Corp. (NYSE American: ESP) regularly publishes news that reflects its role in specialized military and industrial power electronics. Company releases emphasize its primary business in the development, design, and production of power supplies, power systems, and transformers, as well as its participation in U.S. defense and industrial programs.
News items for ESP commonly include financial results, such as quarterly and annual net sales, net income, backlog levels, and new order volumes, as reported in its earnings announcements. These updates give readers insight into trends in Espey’s sales, order activity, and program execution over time.
Espey’s news flow also highlights contract awards and funding related to defense initiatives. The company has reported additional contracts to provide electrical power transformers for the U.S. Navy’s Virginia and Columbia class submarine programs and funding awards tied to the U.S. Navy’s Surface Combatant Industrial Base initiative. Releases describe how these awards support capital equipment purchases, facility upgrades, and expanded manufacturing and testing capabilities.
Another recurring theme in Espey’s news is facility and capability expansion, including the completion and ramp-up of its Magnetics Center of Excellence, which supports advanced magnetics systems development and MIL-STD testing. The company also issues announcements about dividend declarations, detailing regular quarterly dividends and, in some cases, special cash dividends approved by its Board of Directors.
Investors and followers of ESP stock can use this news page to review historical and recent announcements on earnings, contracts, facility investments, dividends, and governance-related developments. Checking this feed provides a consolidated view of the company’s disclosed business activity and financial reporting over time.
Espey (NYSE AMERICAN: ESP) declared a regular quarterly cash dividend of $0.25 per share. The dividend is payable on December 26, 2025 to shareholders of record on December 19, 2025.
Separately, Nancy Patzwahl was designated as the new Chair of the Audit Committee effective December 5, 2025, succeeding Paul Corr, who will remain on the board and on the Audit Committee.
The company develops, designs, and produces specialized military and industrial power supplies and transformers. For investor inquiries, contact invest@espey.com.
Espey Mfg. & Electronics Corp (NYSE American: ESP) reported first-quarter fiscal 2026 results for the three months ended September 30, 2025. Net sales were $9,092,876 versus $10,443,218 a year earlier. Net income rose to $2,169,836, or $0.80 basic and $0.76 diluted, compared with $1,598,317, or $0.63 basic and $0.61 diluted, in FY2025 Q1. Backlog increased to approximately $141.1 million from $94.6 million a year earlier. New orders were about $10.5 million versus $7.8 million in the prior-year quarter.
The company cited shipment timing for the year-over-year sales decline and said operational actions improved gross profit and net income.
Espey Mfg. & Electronics (NYSE: ESP) announced that full-scale production and testing are now underway at its new Magnetics Center of Excellence, following construction completion in April 2025.
The 24,000-square-foot expansion was funded in part by a $7.4 million U.S. Navy grant awarded in fiscal 2023 under the Surface Combatant Industrial Base Development Initiative and increases the company’s MIL-STD testing capacity and testing power to support scalable growth in military and industrial magnetics.
Espey Mfg. & Electronics Corp. (NYSE American: ESP) reported strong financial results for Q4 and fiscal year 2025. Annual net sales reached $43.95 million, up from $38.74 million in FY2024, while net income increased to $8.14 million ($3.02 per diluted share) from $5.81 million ($2.29 per diluted share).
The company's backlog grew significantly to $139.7 million from $97.2 million year-over-year, while new orders surged to $86.4 million from $52.4 million. Q4 net sales were $9.60 million with net income of $2.93 million ($1.05 per diluted share), compared to Q4 2024's $11.61 million in sales and $1.89 million in net income ($0.73 per diluted share).
Espey Mfg. & Electronics Corp. (NYSE AMERICAN: ESP) has announced a combined dividend distribution, featuring a special cash dividend of $0.75 per share alongside its regular quarterly dividend of $0.25 per share. Both dividends will be paid on September 26, 2025, to shareholders of record as of September 19, 2025.
The company, which specializes in developing and manufacturing military and industrial power supplies and transformers, is maintaining its commitment to shareholder returns through this dividend distribution.
Espey Mfg. & Electronics Corp. (NYSE American: ESP) reported strong financial results for Q3 FY2025. Net sales reached $10.3 million in Q3, up from $8.3 million in the same quarter last year, while net income grew to $1.7 million ($0.63 per share) from $1.0 million ($0.40 per share).
For the first nine months of FY2025, net sales increased to $34.4 million from $27.1 million, with net income rising to $5.2 million ($1.95 per share) from $3.9 million ($1.56 per share). The company's backlog significantly expanded to $138 million from $84.2 million year-over-year, supported by $75.1 million in new orders, including a notable $19.8 million contract.
Espey Mfg. & Electronics Corp. (NYSE American: ESP) has secured an additional $19.8 million contract to manufacture electrical power transformers for the U.S. Navy's Virginia and Columbia class submarines. The contract, awarded by General Dynamics Electric Boat and the U.S. Navy, involves components previously designed and supplied by Espey for both submarine classes.
The Columbia class submarine program, a top priority for the Department of Defense, aims to replace the existing Ohio class ballistic missile submarines. The company's primary business focuses on developing specialized military and industrial power supplies/transformers.
Espey Mfg. & Electronics Corp. (NYSE American: ESP) has secured a $3.4 million funding award from the U.S. Navy for capital equipment and facility upgrades. This investment, part of the initiative to strengthen the domestic U.S. Surface Combatant Industrial Base, will enhance Espey's capabilities in designing, manufacturing, testing, and delivering electrical power products.
The new funding complements a previous $7.4 million award received in February 2023, which was allocated for constructing a new manufacturing facility and improving power infrastructure. The project will be executed at Espey's Saratoga Springs, NY facility, with completion anticipated in 2026.
Espey specializes in developing specialized military and industrial power supplies, power systems, and transformers.
Espey Mfg. & Electronics Corp. (NYSE AMERICAN: ESP), a developer and manufacturer of specialized military and industrial power supplies/transformers, has announced its Board of Directors has declared a regular quarterly dividend of $0.25 per share. The dividend will be distributed on March 28, 2025 to shareholders of record as of March 21, 2025.
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