Espey Mfg. & Electronics Corp. develops, designs, and produces specialized military and industrial power supplies and transformers. Company announcements commonly cover quarterly and annual results, sales trends, gross profit, backlog, new orders, shipment timing, and execution across customer programs for military and severe-environment applications.
Espey also reports capital-return actions such as regular and special cash dividends, as well as operational investments tied to its power electronics and magnetics capabilities. Recent company updates include the Magnetics Center of Excellence expansion, which supports magnetics systems fabrication and MIL-STD testing, along with governance items such as audit committee leadership.
Espey Mfg. & Electronics Corp. (NYSE American: ESP) reported financial results for the first nine months of fiscal year 2020. Net sales for Q3 2020 were $6.19 million, down from $9.22 million in Q3 2019, resulting in a net loss of $(103,765) compared to a net income of $922,456 last year. For the first nine months, net sales totaled $19.4 million, a decline from $24.9 million in the previous year, with net income at $206,975 versus $1.2 million last year. The sales order backlog increased to $59.8 million from $45.4 million year-over-year, with new orders rising to $33.6 million.