Espey Mfg. & Electronics Corp. (ESP)

Espey Manufacturing & Electronics Corp.'s stock price has seen a modest increase of 0.39% over the past six months. The stock price increased by 30.35% between November 20, 2024, and November 19, 2025. Significant positive events impacting the stock include the company's strong financial performance for fiscal year 2024, which saw record sales of $38.7 million and earnings of $2.29 per share. The company also restored its regular quarterly dividend to $0.25 per quarter. New orders in fiscal 2024 approximated $52 million, and the total sales backlog reached an all-time high of $97.2 million at June 30, 2024. The construction of a new 24,000 square foot production space is expected to be completed by the end of 2024 and fully operational in the first quarter of calendar year 2025.

Espey Manufacturing & Electronics Corp. states that its business is not seasonal. Sales fluctuations within product categories can occur due to factors such as product mix, the duration of specific programs, and the contractual terms of firm orders. The concentration of its business in the rail industry and in equipment for military and industrial applications exposes it to ongoing risks, including dependence on government appropriations and the potential for governmental termination of orders.

Espey Manufacturing & Electronics Corp. is a power electronics design and OEM company specializing in products for military and severe environment applications, operating within the Industrials sector. Its products include power supplies, converters, filters, transformers, magnetic components, power distribution equipment, UPS systems, and antennas, used in various applications. Espey also offers design and development, build-to-print services, design studies, environmental testing, metal fabrication, painting, and automatic testing equipment development.

Espey Manufacturing & Electronics Corp.'s entire operation is located in Saratoga Springs, New York. The company serves customers both in the United States and internationally, including industrial manufacturers, defense companies, the U.S. government, foreign governments, and foreign electronic equipment companies. Espey is an eligible contractor on the United States Department of Defense list.

Espey Manufacturing & Electronics Corp. is recognized as an industry leader in power conversion, magnetics, and build-to-print products, particularly for the defense and industrial markets. The company has a reputation for dependable delivery and technical expertise, especially through its long-standing relationships with U.S. Department of Defense programs and commercial aircraft manufacturers. Espey is ISO 9001:2015 and AS9100:2016 certified, underscoring its commitment to quality. The company's reputation has been positively impacted by its strong financial results for fiscal year 2024, which included record sales and earnings per share, as well as a record-high backlog.

Espey Manufacturing & Electronics Corp. has a mixed ownership structure comprising institutional shareholders, company insiders, and retail investors. Institutional shareholders hold approximately 24.76% of the stock, while insiders own about 42.20%, and retail investors account for 33.04%. Major individual shareholders include Howard M. Pinsley, who owns 13.59% of the company's shares, and Peggy A. Murphy, holding 10.80%. Major institutional owners include Dimensional Fund Advisors Lp, Renaissance Technologies Llc, Vanguard Group Inc, Arrowstreet Capital, Limited Partnership, and American Century Companies Inc.