Espey Mfg. & Electronics Corp. (ESP)

In the past six months, Espey Manufacturing & Electronics Corp. released its first-quarter fiscal year 2026 earnings on November 12, 2025, held an Annual General Meeting on December 5, 2025, and declared a regular quarterly dividend of $0.25 per share on December 8, 2025. On February 10, 2026, Espey reported its second-quarter fiscal year 2026 results, showing a decrease in sales but an increase in net income, with backlog increasing to $134.7 million. New orders decreased to $16.3 million. Another quarterly dividend of $0.25 per share was declared on March 9, 2026. In early April 2026, the stock was downgraded to a "Hold" rating, and insider selling activity was noted. Espey's stock has seen significant appreciation, with a 26.3% increase year-to-date as of April 10, 2026, and a 102.36% increase over the past year as of March 30, 2026, experiencing some volatility. The company completed the Magnetics Center of Excellence Facility Expansion on October 22, 2025.

Specific information regarding demand seasonality for Espey Manufacturing & Electronics Corp.'s products and services is not publicly detailed. Demand may be influenced by government budgeting cycles, defense spending, and industrial project timelines, rather than typical consumer seasonal trends. Approximately 20% of the backlog is expected to convert in 2026, 33% in 2027, 16.3% in 2028, and 30.8% in subsequent years.

Espey Manufacturing & Electronics Corp. is a power electronics design and OEM company specializing in highly reliable products for military and severe environment applications, operating within the Industrials sector, specifically in the Electrical Equipment & Parts industry. Espey's primary products include power supplies, power converters, filters, power transformers, magnetic components, power distribution equipment, UPS systems, and antennas, utilized in various applications such as AC and DC locomotives, shipboard power and radar, airborne power, ground-based radar, and ground mobile power. Additionally, Espey provides services like design and development to specification, build-to-print, design services, environmental testing, metal fabrication, painting services, and automatic testing equipment development.

Espey Manufacturing & Electronics Corp. manufactures and sells electronic equipment primarily for military and industrial applications in the United States and internationally, serving industrial manufacturers and defense companies, the U.S. government, foreign governments, and foreign electronic equipment companies. All design, manufacturing, and testing are performed in its 150,000+ square foot facility located at 233 Ballston Avenue, Saratoga Springs, New York.

Espey Manufacturing & Electronics Corp. maintains a strong brand reputation as an industry leader in power conversion, magnetics, and build-to-print products for the defense and industrial markets and is on the eligible list of contractors for the United States Department of Defense. The completion of its Magnetics Center of Excellence Facility Expansion in October 2025 further solidified its reputation.

Espey Manufacturing & Electronics Corp. has a mix of institutional, retail, and individual investors. As of April 7, 2026, there were 51 institutional owners holding a total of 762,385 shares, including Renaissance Technologies Llc, Dimensional Fund Advisors Lp, and Vanguard Group Inc. Significant individual and insider owners include Howard M. Pinsley, Peggy A. Murphy, Barry Pinsley, and David A. Oneil.