Espey Mfg. & Electronics Corp. reports first quarter results
Globe Newswire•13/11/2026•16:05 ET
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Key Highlights
- ➤Q1 net sales $10.6 million, up from $9.1 million year over year
- ➤Q1 net income $2.19 million, versus $2.17 million year over year
- ➤Q1 diluted EPS $0.75, down from $0.76 year over year
- ➤Backlog $126.7 million, down from approximately $141.1 million year over year
- ➤Q1 new orders $2.6 million, down from $10.5 million year over year
Expert Statements
David O’Neil, President and CEO of Espey Mfg. & Electronics Corp.
“The Company had a strong start to the year, delivering notable top-line revenue growth in the first quarter. To build on this momentum, management continues to be focused on bookings execution, managing costs, and continuing to convert existing opportunities into revenue. While gross profits remain sensitive to our overall product mix, we are actively managing our programs to help build long-term value. Our progress is driven by the dedication and expertise of our employees. The team remains focused on the opportunities ahead and management is committed to executing on our priorities as we move through fiscal year 2027.”
SARATOGA SPRINGS, N.Y., Nov. 13, 2026 (GLOBE NEWSWIRE) -- Espey Mfg. & Electronics Corp. (NYSE American: ESP) announces results for the first three months of fiscal year 2027.
Net sales for the three months ended September 30, 2026 and 2025 were $10,608,945 and $9,092,876, respectively. Net income for the three months ended September 30, 2026 was $2,189,509 or $0.77 and $0.75 per share, basic and diluted, compared to net income of $2,169,836 or $0.80 and $0.76 per share, basic and diluted, for the three months ended September 30, 2025.
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