Every 10-Q that Espey Mfg & Elec (ESP) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow ESP and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full ESP filings page.
Espey Mfg. & Electronics Corp. delivered significantly higher profitability despite slightly softer year-to-date sales. For the quarter ended March 31, 2026, net sales rose to $11.4 million from $10.3 million, while gross margin expanded to 37.0% from 28.6%, lifting quarterly net income to $2.9 million versus $1.7 million.
For the nine months, sales slipped to $32.7 million from $34.4 million, but gross profit increased to $11.7 million and net income climbed to $7.8 million from $5.2 million, helped by a richer product mix and higher interest income. Basic EPS for the nine months improved to $2.85 from $2.03.
Espey exited the quarter with $21.2 million in cash and cash equivalents, $25.5 million in investment securities, contract liabilities of $33.5 million, and working capital of about $50.5 million$137.1 million, and management expects full-year 2026 revenue and net income to exceed 2025, even as new orders trail the prior year.
Espey Mfg. & Electronics Corp. reported higher profitability for the quarter and six months ended December 31, 2025, despite lower sales. Quarterly net sales were $12.1 million versus $13.6 million a year earlier, while net income rose to $2.8 million from $1.9 million, reflecting stronger margins and higher interest income.
For the six-month period, net sales were $21.2 million compared with $24.1 million, but net income increased to $5.0 million from $3.5 million. Gross margin improved to about 35%, helped by product mix, labor efficiencies, and process improvements. The backlog reached $134.7 million, and management expects higher fiscal 2026 revenue than in 2025 and similar full‑year net income, supported by funded defense and industrial power electronics contracts.
Espey Mfg. & Electronics (ESP) reported stronger profitability for the three months ended September 30, 2025 despite lower sales. Net sales were $9,092,876 versus $10,443,218 a year ago, while gross profit rose to $3,217,002 as gross margin improved to 35.4% from 26.8%. Operating income was $2,065,736 and other income increased to $491,782 on higher interest income. Net income reached $2,169,836, with EPS of $0.80 basic and $0.76 diluted. Management cites product mix, labor efficiencies, and material savings on major programs, partially offset by higher costs on certain fixed‑price engineering contracts.
Cash generation and backlog were solid. Net cash provided by operating activities was $5,720,090. Cash and cash equivalents were $22,220,227, with investment securities of $24,688,473. Contract liabilities rose to $27,974,103, reflecting advances on specific contracts. The order backlog was approximately $141.1 million, with deliveries spread across fiscal 2026 and later years. Espey paid $1.00 per share in dividends during the quarter (including a $0.75 special) and invested $1,290,569 in plant and equipment, partially reimbursed by a Navy-related funding award.