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Espey Mfg & Elec - ESP STOCK NEWS

Welcome to our dedicated page for Espey Mfg & Elec news (Ticker: ESP), a resource for investors and traders seeking the latest updates and insights on Espey Mfg & Elec stock.

Espey Mfg & Elec Corp. (NYSE: ESP) delivers specialized power conversion solutions for defense and industrial markets through vertical manufacturing capabilities. This news hub provides investors and industry professionals with essential updates on corporate developments shaping this established provider of military-grade power systems.

Access authoritative coverage of ESP's financial announcements, product innovations, and strategic initiatives. Our curated collection features earnings reports, contract awards with defense partners, technology advancements in magnetics, and manufacturing capacity expansions - all critical for assessing the company's market position.

Key updates include quarterly financial disclosures, Department of Defense contract milestones, engineering certifications, and executive leadership changes. Bookmark this page for streamlined tracking of ESP's progress in power supply innovation and its role in critical infrastructure projects.

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Espey Mfg. & Electronics Corp. (NYSE American: ESP) reported their third-quarter results for fiscal year 2024. Net sales for Q3 2024 were $8.25 million, down from $9.81 million in Q3 2023. However, net income rose to $1.03 million, or $0.40 per diluted share, compared to $0.87 million, or $0.35 per diluted share, in the same period last year. For the first nine months of fiscal year 2024, net sales were $27.1 million, almost flat compared to $27.2 million in the same period of fiscal year 2023. Net income for this period increased to $3.92 million, or $1.56 per diluted share, from $2.78 million, or $1.13 per diluted share, last year. The backlog grew to $84.2 million, up from $82.1 million, despite new orders decreasing to $27.8 million from $32.6 million. CEO David O'Neil noted soft Q3 sales but highlighted improvements in gross profit and investment income, along with strong new sales orders and backlog. The company specializes in military and industrial power supplies/transformers.

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Espey Mfg. & Electronics Corp. (ESP) announces a 16% increase in quarterly dividend to $0.175 per share. The company specializes in military and industrial power supplies/transformers.
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Espey Mfg. & Electronics Corp. (ESP) reports strong financial performance for the first six months of fiscal year 2024, with increased net sales and net income compared to the previous year. The company's backlog and new orders also show positive growth, indicating a promising outlook for future profitability and business expansion.
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Espey Manufacturing was awarded a BAE Systems Partner2Win gold medallion for exceptional performance and commitment to operational excellence. The program recognizes suppliers for their success in operations, quality, and procurement, and Espey's contributions to supply chain success helped BAE Systems ensure quality deliveries to customers. The award signifies Espey's commitment to creating the highest quality products for service men and women.
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Espey (ESP) Press Release: AESA Radar Integration and Espey's Role in Advancing Radar Technology
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Espey Mfg. & Electronics Corp. (ESP) declares a regular quarterly dividend of $0.15 per share, payable on December 22, 2023, to shareholders of record on December 15, 2023. Espey's primary business is the development, design, and production of specialized military and industrial power supplies/transformers.
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Espey Mfg. & Electronics Corp. (NYSE American: ESP) announces strong financial results for Q1 FY 2024, with net sales of $8,568,214 and net income of $1,094,544. The backlog reached a record level of $87.1 million, and new orders were approximately $12.1 million. The company's President and CEO, Mr. David O’Neil, expressed satisfaction with the improved operating margins and strong sales performance.
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Espey Mfg. & Electronics Corp. announces Q4 and FY2023 results. Net sales for FY2023 were $35.6M, up from $32.1M in FY2022. Net income for FY2023 was $3.7M, compared to $1.3M in FY2022. Sales order backlog at $83.6M. Q4 net sales were $8.3M, slightly down from last year. New orders for FY2023 were $42.4M. Dividend increased by 50% to $0.15 per share.
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Espey Mfg & Elec

NYSE:ESP

ESP Rankings

ESP Stock Data

81.76M
2.07M
25.94%
23.82%
0.16%
Electrical Equipment & Parts
Electronic Components, Nec
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United States
SARATOGA SPRINGS