Espey Mfg & Electronics Corp

ESP

Market cap $107M

Espey Mfg. & Electronics is rated a buy after a sharp share price drop, despite improving profitability and a robust backlog. ESP's backlog grew 43% year-over-year, margins and cash flow improved, and the company maintains a debt-free balance sheet with strong operating efficiency. The niche focus on custom, rugged components for defense and aerospace, combined with a positive defense budget outlook, supports continued growth for ESP.

ESP's fiscal Q4 earnings rise year over year, but sales witnessed a dip. Strong backlog and new orders highlight demand momentum despite quarterly revenue softness.

SARATOGA SPRINGS, N.Y., Sept. 16, 2025 (GLOBE NEWSWIRE) -- Espey Mfg. & Electronics Corp. (NYSE American: ESP) announces results for its fourth quarter and fiscal year, ended June 30, 2025.

SARATOGA SPRINGS, N.Y., Sept. 08, 2025 (GLOBE NEWSWIRE) -- The Board of Directors of Espey Mfg. & Electronics Corp. (NYSE AMERICAN: ESP) has declared a special cash dividend of $0.75 per share. This special dividend is in addition to a regular quarterly dividend of $0.25 per share. The dividends will be payable on September 26, 2025 to all shareholders of record on September 19, 2025.

Espey Mfg. & Electronics reported $2.03 EPS through the first nine months of FY2025, tracking ahead of last year's pace, with 27% revenue growth and consistent performance across all three quarters. Backlog rose 64% to $138M and climbs to $158M with new awards, offering rare multi-year revenue visibility for a small-cap defense contractor. ESP trades at 14x forward earnings and 9.5x EV/EBITDA, well below sector medians of 23.6x and 13.1x, despite stronger margins, cash flow, and contract coverage.

SARATOGA SPRINGS, N.Y., June 05, 2025 (GLOBE NEWSWIRE) -- The Board of Directors of Espey Mfg. & Electronics Corp. (NYSE AMERICAN: ESP) has declared a regular quarterly dividend of $0.25 per share. The dividend will be payable on June 23, 2025 to all shareholders of record on June 16, 2025.

ESP reports strong Q3 earnings with $138 million backlog, boosted by rising defense demand while navigating cost pressures and focusing on margin improvements.

SARATOGA SPRINGS, N.Y., May 12, 2025 (GLOBE NEWSWIRE) -- Espey Mfg. & Electronics Corp. (NYSE American: ESP) announces results for the first nine months of fiscal year 2025.

SARATOGA SPRINGS, N.Y., April 10, 2025 (GLOBE NEWSWIRE) -- Espey Mfg. & Electronics Corp. (NYSE American: ESP) announces an additional new contract.

SARATOGA SPRINGS, N.Y., March 27, 2025 (GLOBE NEWSWIRE) -- Espey Mfg. & Electronics Corp. (NYSE American: ESP) announces funding award for capital improvements.