Espey Mfg & Elec Stock Price, News & Analysis
Company Description
Espey Mfg. & Electronics Corp. (NYSE American: ESP) is a manufacturing company whose primary business is the development, design, and production of specialized military and industrial power supplies, power systems, and transformers. According to multiple company announcements, Espey focuses on electrical power products that support demanding applications, particularly for defense-related programs and industrial uses.
The company is incorporated in New York and its common stock is listed on the NYSE American under the symbol ESP, as disclosed in its SEC filings. Espey describes itself as a power electronics design and OEM manufacturing company delivering products for military and severe environment applications. Its product set, as described in available materials, includes power supplies, power converters, filters, power transformers, magnetic components, power distribution equipment, UPS systems, and antennas. These products are used in applications that include AC and DC locomotives, shipboard power and radar, airborne power, ground-based radar, and ground mobile power.
In addition to manufacturing, Espey offers a range of engineering and support services. The company states that its services include design and development to specification, build to specifications provided by the customer, build to print, design services, design studies, environmental testing services, metal fabrication, painting services, and development of automatic testing equipment. This combination of product capabilities and services positions Espey to support customers from initial design concepts through production and testing of power electronics and related components.
Recent company communications emphasize Espey’s role in supplying electrical power transformers and related products for U.S. defense programs. The company has reported contract awards to provide electrical power transformers for the U.S. Navy’s Virginia and Columbia class submarine programs, where it was selected to manufacture components previously designed and supplied by Espey. Public statements also reference Espey’s participation in initiatives intended to strengthen the domestic U.S. Surface Combatant Industrial Base, with funding awards for capital equipment, facility upgrades, and construction of a new manufacturing facility.
Espey has highlighted the development of a Magnetics Center of Excellence, a facility expansion that supports advanced magnetics systems development, fabrication, and MIL-STD testing across its magnetics product portfolio. According to company disclosures, this expansion enhances testing capabilities, increases testing power, and is intended to support scalable growth in transformers, inductors, and related components that meet military standards.
Espey’s operations and governance details are documented in its SEC filings. The company files annual proxy statements and current reports that describe its board structure, director elections, auditor relationships, and advisory votes on executive compensation. Its proxy materials explain that the board includes multiple classes of directors with staggered terms and that independent directors are identified in accordance with NYSE American listing standards. The company has also reported changes related to its independent registered public accounting firm, noting the engagement of WithumSmith+Brown, PC as successor to its prior auditing firm following a combination of practices.
From a shareholder perspective, Espey’s board has periodically declared regular quarterly dividends and, at times, special cash dividends, as disclosed in press releases and corresponding Form 8-K filings. These announcements specify dividend amounts and record dates and illustrate that the company returns cash to shareholders through dividend payments when approved by its board of directors.
Investors and analysts who follow ESP stock can review Espey’s SEC filings for detailed information on governance matters, compensation arrangements, and auditor changes, and can consult company news releases for updates on contract awards, facility investments, and financial results. Across these sources, Espey consistently describes its core focus as specialized military and industrial power supplies, power systems, and transformers, supported by design, manufacturing, and testing capabilities for power electronics in demanding environments.