Espey Mfg. & Electronics Corp. reports second quarter results
Rhea-AI Summary
Espey Mfg. & Electronics Corp. (NYSE: ESP) reported results for the second quarter ended December 31, 2025 and the first six months of fiscal 2026. Q2 sales fell to $12.14M from $13.61M, while Q2 net income rose to $2.81M ($0.99 GAAP diluted). Six-month sales were $21.23M versus $24.05M year-earlier; six-month net income was $4.97M ($1.75 GAAP diluted). Backlog increased to $134.7M at Dec 31, 2025. New orders in the six months were $16.3M, down from $46.9M a year earlier. Management cited timing shifts in deliverables and expects execution in the second half.
Positive
- Q2 net income +47% to $2.805M
- Six-month net income +42% to $4.975M
- Order backlog +12% to $134.7M at Dec 31, 2025
Negative
- Q2 net sales down ~10.8% to $12.14M
- Six-month net sales down ~11.7% to $21.23M
- New orders down from $46.9M to $16.3M in six months
News Market Reaction – ESP
In the Feb 11 session, ESP declined 8.73%, reflecting a notable negative market reaction. Argus tracked a trough of -12.7% from its starting point during tracking. Our momentum scanner triggered 12 alerts that day, indicating notable trading interest and price volatility. Trading volume was above average at 1.6x the daily average, suggesting increased trading activity.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Previous Earnings Reports
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Nov 12 | Q1 FY2026 earnings | Positive | -0.3% | Higher net income and margin despite lower sales and stronger backlog. |
| Sep 16 | FY2025 results | Positive | -1.4% | Strong FY2025 growth in sales, earnings, backlog, and new orders. |
| May 12 | Q3 FY2025 earnings | Positive | +9.8% | Robust Q3 and nine‑month sales, earnings, and major backlog expansion. |
| Feb 12 | Q2 FY2025 earnings | Positive | +0.3% | Strong Q2 and first‑half FY2025 growth with rising backlog and orders. |
| Nov 13 | Q1 FY2025 earnings | Positive | -2.8% | Q1 FY2025 sales and earnings growth alongside a larger backlog. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Earnings headlines have generally highlighted strong results and backlog growth, but price reactions have been mixed, with three negative and two positive moves, indicating that strong fundamentals have not always translated into immediate price strength.
Over the past few earnings cycles, Espey reported improving profitability and expanding backlog. Q1 FY2026 showed higher net income on lower sales and backlog around $141.1M. FY2025 earnings highlighted rising annual sales, net income of $8.14M, and backlog of $139.7M. Earlier FY2025 quarters also featured strong year-over-year growth and large new order wins. Today’s second‑quarter FY2026 release continues the theme of solid margins and a larger backlog, though with softer sales and new orders compared with prior periods.
Key Terms
forward-looking statements regulatory
safe harbor provisions regulatory
AI-generated analysis. How Rhea-AI works. Not financial advice.
SARATOGA SPRINGS, N.Y., Feb. 10, 2026 (GLOBE NEWSWIRE) -- Espey Mfg. & Electronics Corp. (NYSE American: ESP) announces results for the first six months of fiscal year 2026.
Sales for the second quarter of fiscal year 2026, ending December 31, 2025, were
For the six months ending December 31,2025, net sales were
The backlog for the Company was
Mr. David O’Neil, President and CEO, commented,
We delivered solid margins, made meaningful progress across key programs, and continue to see encouraging trends as we move through the year. We experienced some top-line impacts from factors outside of our control that resulted in a timing shift for certain deliverables. We are working closely with our customers and vendors to execute on these milestones in the second half of the year and remain on pace to deliver better results than the prior year. Our performance reflects the underlying strength of our business and disciplined execution against our strategic priorities. I would like to congratulate and thank our employees for their dedication, collaboration, and continued focus, which positions us well for sustained momentum.
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.
