Espey Mfg. & Electronics Corp. reports third quarter results
Espey (NYSE American: ESP) reported third quarter fiscal 2026 net sales of $11.4 million, up from $10.3 million, and net income of $2.9 million ($0.99 diluted EPS) versus $1.7 million ($0.63) a year earlier.
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Rhea-AI Summary
Espey (NYSE American: ESP) reported third quarter fiscal 2026 net sales of $11.4 million, up from $10.3 million, and net income of $2.9 million ($0.99 diluted EPS) versus $1.7 million ($0.63) a year earlier.
For the first nine months, sales were $32.7 million versus $34.4 million, while net income rose to $7.8 million ($2.74 EPS) from $5.2 million ($1.95). Backlog was about $137.1 million, with new orders of $30.0 million compared to $75.1 million in the prior-year period.
Positive
- Q3 2026 net sales increased to $11.4 million from $10.3 million
- Q3 2026 net income rose to $2.9 million from $1.7 million
- Q3 diluted EPS improved to $0.99 from $0.63 year over year
- Nine‑month 2026 net income increased to $7.8 million from $5.2 million
- Nine‑month diluted EPS grew to $2.74 from $1.95
- Order backlog remained high at approximately $137.1 million
Negative
- Nine‑month 2026 sales declined to $32.7 million from $34.4 million
- New orders for first nine months fell to $30.0 million from $75.1 million
Details
News Market Reaction – ESP
On May 13, the first trading day after this news, ESP closed 2.60% below the previous close.
Data tracked by StockTitan Argus for the May 13 session.
Key Figures
- Q3 2026 net sales
- $11,422,655
- Quarter ended March 31, 2026 vs $10,302,719 prior‑year Q3
- Q3 2026 net income
- $2,864,662
- Quarter ended March 31, 2026 vs $1,704,487 prior‑year Q3
- Q3 2026 diluted EPS
- $0.99
- Per diluted share vs $0.63 prior‑year Q3
- 9M 2026 net sales
- $32,652,434
- Nine months to March 31, 2026 vs $34,354,677 9M FY2025
- 9M 2026 net income
- $7,839,607
- Nine months FY2026 vs $5,211,303 9M FY2025
- 9M 2026 diluted EPS
- $2.74
- Per diluted share vs $1.95 for same period FY2025
- Backlog
- $137.1 million
- As of March 31, 2026 vs $138.0 million March 31, 2025
- New orders 9M 2026
- $30.0 million
- First nine months FY2026 vs $75.1 million 9M FY2025
Previous Earnings Reports
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Sales dipped but net income and margins improved on richer product mix.
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Higher net income and backlog despite lower year‑over‑year sales.
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Strong FY2025 sales, earnings and backlog growth with record new orders.
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Q3 and nine‑month sales and earnings grew with backlog and large orders.
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Q2 and first‑half FY2025 delivered higher sales, income, and backlog.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Key Terms
forward-looking statements regulatory
safe harbor provisions regulatory
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SARATOGA SPRINGS, N.Y., May 12, 2026 (GLOBE NEWSWIRE) -- Espey Mfg. & Electronics Corp. (NYSE American: ESP) announces results for the first nine months of fiscal year 2026.
Net sales for the third quarter ending March 31, 2026, were
For the first nine months ending March 31, 2026 sales were
The backlog for the Company was approximately
Mr. David O’Neil, President and CEO, commented,
With a strong quarter behind us, we continue accelerating into the remainder of the year with the confidence that we will deliver excellent full-year results. Most importantly, we continue strengthening margins through a combination of increased revenue, favorable product mix, improved operating leverage, and a disciplined focus on cost efficiencies. These results demonstrate the strength of our business model and our ability to convert top-line growth into improved profitability. The combination of strong revenue performance and margin expansion highlights the progress we’ve made in optimizing the quality and consistency of our earnings. Each quarter, I am impressed by and grateful to our employees for their ongoing commitment and energy. This performance would not be possible without them.
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.
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