Espey Mfg. & Electronics Corp. reports first quarter results
Espey Mfg. & Electronics Corp. (NYSE American: ESP) reported strong Q1 FY2025 results with net sales of $10.4 million, up from $8.6 million in Q1 FY2024. Net income increased to $1.6 million ($0.61 per diluted share) from $1.1 million ($0.44 per share) year-over-year. The company's backlog grew to $94.6 million from $87.1 million last year. However, new orders decreased to $7.8 million from $12.1 million in the same period. Management expressed confidence in future performance, citing improved operational efficiency and expectations for higher annual new orders.
Espey Mfg. & Electronics Corp. (NYSE American: ESP) ha riportato risultati solidi per il primo trimestre dell'anno fiscale 2025, con vendite nette di 10,4 milioni di dollari, in aumento rispetto agli 8,6 milioni di dollari nel primo trimestre dell'anno fiscale 2024. L'utile netto è aumentato a 1,6 milioni di dollari (0,61 dollari per azione diluita) rispetto a 1,1 milioni di dollari (0,44 dollari per azione) anno su anno. L'arretrato dell'azienda è cresciuto a 94,6 milioni di dollari rispetto ai 87,1 milioni di dollari dell'anno precedente. Tuttavia, i nuovi ordini sono diminuiti a 7,8 milioni di dollari, rispetto ai 12,1 milioni di dollari nello stesso periodo. La direzione ha espresso fiducia nelle performance future, citando un miglioramento dell'efficienza operativa e aspettative per nuovi ordini annuali più elevati.
Espey Mfg. & Electronics Corp. (NYSE American: ESP) reportó resultados sólidos para el primer trimestre del año fiscal 2025, con ventas netas de 10,4 millones de dólares, un aumento desde 8,6 millones de dólares en el primer trimestre del año fiscal 2024. La utilidad neta aumentó a 1,6 millones de dólares (0,61 dólares por acción diluida) desde 1,1 millones de dólares (0,44 dólares por acción) en comparación con el año anterior. La backlog de la compañía creció hasta 94,6 millones de dólares desde 87,1 millones de dólares el año pasado. Sin embargo, los nuevos pedidos disminuyeron a 7,8 millones de dólares desde 12,1 millones de dólares en el mismo periodo. La dirección expresó confianza en el rendimiento futuro, citando una mejora en la eficiencia operativa y expectativas de nuevos pedidos anuales más altos.
Espey Mfg. & Electronics Corp. (NYSE American: ESP)는 2025 회계연도 1분기 실적을 발표했으며, 매출이 1040만 달러로 증가했으며, 이는 2024 회계연도 1분기의 860만 달러에서 오른 수치입니다. 순소득은 160만 달러 (희석주당 0.61달러)로 증가했으며, 이는 110만 달러 (주당 0.44달러)에서 증가한 것입니다. 회사의 잔고는 작년의 871만 달러에서 9460만 달러로 증가했습니다. 그러나 새로운 주문은 같은 기간에 1210만 달러에서 780만 달러로 감소했습니다. 경영진은 향후 성과에 대한 자신감을 표현하며 운영 효율성 향상과 더 높은 연간 신규 주문 기대를 언급했습니다.
Espey Mfg. & Electronics Corp. (NYSE American: ESP) a annoncé des résultats solides pour le premier trimestre de l'exercice 2025, avec un chiffre d'affaires net de 10,4 millions de dollars, en hausse par rapport à 8,6 millions de dollars au premier trimestre de l'exercice 2024. Le revenu net a augmenté à 1,6 million de dollars (0,61 dollar par action diluée) contre 1,1 million de dollars (0,44 dollar par action) d'une année sur l'autre. Le carnet de commandes de l'entreprise a augmenté à 94,6 millions de dollars contre 87,1 millions de dollars l'année dernière. Cependant, les nouvelles commandes ont diminué à 7,8 millions de dollars par rapport à 12,1 millions de dollars au cours de la même période. La direction a exprimé sa confiance dans les performances futures, en citant une amélioration de l'efficacité opérationnelle et des attentes pour des commandes annuelles nouvelles plus élevées.
Espey Mfg. & Electronics Corp. (NYSE American: ESP) berichtete über starke Ergebnisse für das erste Quartal des Geschäftsjahres 2025 mit Nettoumsätzen von 10,4 Millionen Dollar, was einen Anstieg von 8,6 Millionen Dollar im ersten Quartal des Geschäftsjahres 2024 darstellt. Der Nettogewinn stieg auf 1,6 Millionen Dollar (0,61 Dollar pro verwässerter Aktie) von 1,1 Millionen Dollar (0,44 Dollar pro Aktie) im Vergleich zum Vorjahr. Der Auftragsbestand des Unternehmens wuchs auf 94,6 Millionen Dollar von 87,1 Millionen Dollar im letzten Jahr. Allerdings gingen die Auftragseingänge auf 7,8 Millionen Dollar von 12,1 Millionen Dollar im gleichen Zeitraum zurück. Das Management äußerte Vertrauen in die zukünftige Leistung und verwies auf verbesserte Betriebseffizienz und Erwartungen an höhere jährliche Neuaufträge.
- Net sales increased 21.9% year-over-year to $10.4 million
- Net income grew 46% to $1.6 million
- EPS increased 38.6% to $0.61 per share
- Backlog expanded 8.6% to $94.6 million
- New orders decreased 35.5% to $7.8 million compared to prior year
Insights
SARATOGA SPRINGS, N.Y., Nov. 13, 2024 (GLOBE NEWSWIRE) -- Espey Mfg. & Electronics Corp. (NYSE American: ESP) announces results for the first three months of fiscal year 2025.
Net sales for the first quarter of fiscal year 2025, July 1 to September 30, 2024, were
The backlog for the Company was approximately
Mr. David O’Neil, President and CEO, commented,
The financial results for this quarter were excellent and on par with our expectations. Sales were higher when compared to the prior year, a direct result of the large backlog and the overall strength of new sales order bookings over the last several years. Earnings per share for the quarter were solid, the increase a direct result of the higher sales and product mix. To date, we have made significant progress in turning around open positions faster, allowing us to maintain consistency in our ongoing operations. New orders were lower for the quarter, comparatively, however we are continuing to work to close on several larger contracts in the near-term and expect total annual new orders to post higher than last year.
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. Katrina Sparano 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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