Espey Mfg. & Electronics Corp. reports fourth quarter and year-end results
Espey posted record annual revenue and higher earnings, while its year-end order backlog declined modestly from the prior year.
Rhea-AI Summary
Espey Mfg. & Electronics Corp. (ESP) reported higher net sales and earnings for the fourth quarter and fiscal year ended June 30, 2026.
For fiscal 2026, net sales were $46.1 million versus $44.0 million in fiscal 2025. Net income rose to $11.2 million, or $3.89 per diluted share, compared with $8.1 million, or $3.02 per diluted share, a year earlier. The order backlog at June 30, 2026 was $134.9 million, down from $139.7 million at June 30, 2025.
In the fourth quarter, net sales were $13.5 million versus $9.6 million in the prior-year quarter. Fourth-quarter net income was $3.3 million, or $1.15 per diluted share, up from $2.9 million, or $1.05 per diluted share, in the prior-year period. The CEO described the year as delivering record revenue and gross profits and highlighted continued investment in people and programs.
Positive
- Fiscal 2026 net sales $46.1M vs. $44.0M in fiscal 2025
- Fiscal 2026 net income $11.2M, $3.89 per diluted share vs. $8.1M, $3.02
- Q4 2026 net sales $13.5M vs. $9.6M in prior-year quarter
- Q4 2026 net income $3.3M, $1.15 per diluted share vs. $2.9M, $1.05
- CEO reports record revenue and gross profits for the year
Negative
- Order backlog $134.9M at June 30, 2026 vs. $139.7M a year earlier
Key Figures
- Fiscal-year net sales
- $46,124,325 (vs. $43,950,872)
- Fiscal year ended June 30, 2026, compared with fiscal 2025
- Fiscal-year net income
- $11,179,759 (vs. $8,142,954)
- Fiscal year ended June 30, 2026, compared with fiscal 2025
- Fiscal-year diluted EPS
- $3.89 per diluted share (vs. $3.02)
- Fiscal year ended June 30, 2026, compared with fiscal 2025
- Backlog
- $134.9 million (vs. $139.7 million)
- At June 30, 2026, compared with June 30, 2025
- Fourth-quarter net sales
- $13,471,891 (vs. $9,596,194)
- Quarter ended June 30, 2026, compared with the prior-year quarter
- Fourth-quarter net income
- $3,340,152 (vs. $2,931,651)
- Quarter ended June 30, 2026, compared with the prior-year quarter
- Fourth-quarter diluted EPS
- $1.15 per diluted share (vs. $1.05)
- Quarter ended June 30, 2026, compared with the prior-year quarter
Historical Context
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Reported fiscal third-quarter sales and net income growth, alongside weaker nine-month sales and new orders.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
AI-generated analysis. How Rhea-AI works. Not financial advice.
SARATOGA SPRINGS, N.Y., Sept. 23, 2026 (GLOBE NEWSWIRE) -- Espey Mfg. & Electronics Corp. (NYSE American: ESP) announces results for its fourth quarter and fiscal year, ended June 30, 2026.
For the fiscal year ended June 30, 2026, the Company reported net sales of
For the fourth quarter ended June 30, 2026, net sales were
Mr. David O’Neil, President and CEO, commented,
This past year’s results were unprecedented as we delivered record revenue and gross profits, driven by our team’s strong operational execution. Building on our recent success, we will continue investing heavily in our people and our programs to drive the best results possible. I am incredibly grateful to our team for their dedication, and to our shareholders for their ongoing trust.
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 is Espey Mfg. & Electronics Corp.'s primary line of business?
Espey’s primary business is the development, design, and production of specialized military and industrial power supplies and transformers.
How can investors obtain more information about Espey’s results?
Investors can visit the company’s website at www.espey.com or contact Ms. Kaitlyn O’Neil by email at invest@espey.com.
What does the company say about forward-looking statements in this release?
The company states that any forward-looking statements reflect current expectations and are subject to risks and uncertainties that could cause actual results to differ materially. Readers are cautioned not to place undue reliance on these statements, which speak only as of the date made.