Espey Mfg. & Electronics Corp. reports first quarter results
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
Espey Mfg. & Electronics (ESP) reported higher sales and net income for its fiscal first quarter ended September 30, 2026. Net sales reached $10,608,945, compared with $9,092,876 a year earlier. Net income was $2,189,509, versus $2,169,836. Basic earnings per share fell to $0.77 from $0.80, while diluted earnings per share declined to $0.75 from $0.76.
Backlog at September 30, 2026 was $126.7 million, compared with approximately $141.1 million a year earlier. New orders in the first three months of fiscal 2027 totaled $2.6 million, versus $10.5 million in the same period of fiscal 2026. Management said its priorities remain securing orders, managing costs and converting existing opportunities into revenue, while gross profits remain sensitive to the overall product mix.
How this balance works
Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.
It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.
Rhea-AI Sentiment measures something else, the tone of the wording.
Positive
- Moderate pointNet sales increased to $10,608,945 from $9,092,876 in the year-earlier quarter.
- Minor pointNet income rose to $2,189,509 from $2,169,836 in the year-earlier quarter.
Negative
- Moderate pointNew orders fell to $2.6 million in fiscal Q1 2027 from $10.5 million in fiscal Q1 2026. 1.9% of market cap
- Moderate pointBacklog declined to $126.7 million at September 30, 2026, from approximately $141.1 million a year earlier.
- Minor pointBasic/diluted EPS fell to $0.77/$0.75 from $0.80/$0.76 in the year-earlier quarter.
- Minor pointGross profits remain sensitive to product mix, management said.
News Explained
As of
Sources and calculations
- Fiscal 2027 first-quarter fundamentals (2026-09-30)
- Available liquidity against the last reported quarterly operating outflow, in days at that rate ($14,572,414 + $25,915,231) / ($2,733,432 / 92) = 1362.7 days
Key Figures
- Net sales
- $10,608,945 vs. $9,092,876
- Three months ended September 30, 2026 vs. 2025
- Net income
- $2,189,509 vs. $2,169,836
- Three months ended September 30, 2026 vs. 2025
- EPS, basic and diluted
- $0.77 basic and $0.75 diluted vs. $0.80 basic and $0.76 diluted
- Three months ended September 30, 2026 vs. 2025
- Backlog
- $126.7 million vs. approximately $141.1 million
- At September 30, 2026 vs. September 30, 2025
- New orders
- $2.6 million vs. $10.5 million
- First three months of fiscal 2027 vs. fiscal 2026
AI-generated analysis. How Rhea-AI works. Not financial advice.
SARATOGA SPRINGS, N.Y., Nov. 13, 2026 (GLOBE NEWSWIRE) -- Espey Mfg. & Electronics Corp. (NYSE American: ESP) announces results for the first three months of fiscal year 2027.
Net sales for the three months ended September 30, 2026 and 2025 were
The total backlog at September 30, 2026 was
Mr. David O’Neil, President and CEO, commented,
The Company had a strong start to the year, delivering notable top-line revenue growth in the first quarter. To build on this momentum, management continues to be focused on bookings execution, managing costs, and continuing to convert existing opportunities into revenue. While gross profits remain sensitive to our overall product mix, we are actively managing our programs to help build long-term value. Our progress is driven by the dedication and expertise of our employees. The team remains focused on the opportunities ahead and management is committed to executing on our priorities as we move through fiscal year 2027.
Espey's primary business is the development, design, and production of specialized military and industrial power supplies/transformers. The Company can be found on the internet at www.espey.com.
For further information, contact Ms. Kaitlyn O’Neil at invest@espey.com.
This press release may contain certain statements that are "forward-looking statements" and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements represent the Company's current expectations or beliefs concerning future events. The matters covered by these statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those set forth in the forward-looking statements. The Company wishes to caution readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What were Espey's fiscal first-quarter 2027 earnings?
Espey earned $2,189,509, or $0.77 per basic share and $0.75 per diluted share, for the three months ended September 30, 2026. A year earlier, net income was $2,169,836, or $0.80 per basic share and $0.76 per diluted share.
How did Espey's fiscal first-quarter 2027 orders and backlog compare with a year earlier?
New orders totaled $2.6 million, compared with $10.5 million in fiscal first-quarter 2026. Backlog at September 30, 2026 was $126.7 million, versus approximately $141.1 million at September 30, 2025.