Espey Mfg. & Electronics Corp. (ESP)

Espey Manufacturing & Electronics Corp. declared a special cash dividend of $0.75 per share in addition to its regular quarterly dividend of $0.25 per share on September 8, 2025. On September 16, 2025, Espey reported strong fourth-quarter and fiscal year 2025 results, including steady revenue growth and a record backlog, but Q4 net sales declined by 17.4% year-over-year. Espey reported its first-quarter results for fiscal year 2026 on November 12, 2025. A regular quarterly dividend of $0.25 per share was declared on December 8, 2025. The stock has shown a positive return of 0.9% over the past six months, and a significant 72.8% return over the past year.

The demand for Espey Manufacturing & Electronics Corp.'s products and services is less subject to typical consumer-driven seasonality. Demand is largely influenced by government defense budgets, long-term contracts, and industrial project cycles. The company's significant backlog and strong new orders indicate a sustained and stable demand driven by the U.S. defense budget and geopolitical factors.

Espey Manufacturing & Electronics Corp. is a power electronics design and OEM company specializing in electronic equipment for military and industrial applications in the United States and internationally. The company's products include power supplies, converters, filters, transformers, magnetic components, power distribution equipment, UPS systems, and antennas used in critical applications. Espey also manufactures individual components, populates printed circuit boards, and provides design, build-to-print, testing, metal fabrication, and painting services.

Espey Manufacturing & Electronics Corp. primarily serves the United States and international markets. The company's main operations are conducted in its facility in Saratoga Springs, New York. Its customer base includes industrial manufacturers, defense companies, the U.S. government, and foreign governments.

Espey Manufacturing & Electronics Corp. maintains a strong brand reputation within the defense and industrial sectors. The company is recognized for its relationships with U.S. Department of Defense programs and commercial aircraft manufacturers. Espey was awarded an additional contract valued at $19.8 million to support the U.S. Navy's Submarine Programs on April 10, 2025. On March 27, 2025, Espey received a $3.4 million funding award for capital equipment and facility upgrades. The announcement of a record backlog of $139.7 million and strong new orders for fiscal year 2025 further highlights the company's robust market position and customer confidence.

Espey Manufacturing & Electronics Corp. has a mixed ownership structure comprising institutional, retail, and individual investors. Approximately 24.77% of the stock is held by institutional shareholders, while insiders own about 42.79%, and retail investors hold roughly 32.45% of the company's stock. Major institutional owners include Dimensional Fund Advisors LP, Vanguard Group Inc., and Geode Capital Management LLC. Howard M. Pinsley is the largest individual owner, holding 13.59% of the company.