Espey's Q4 Earnings Increase Y/Y on Strong Military Demand

For the fiscal fourth quarter ended June 30, 2024, Espey Mfg. & Electronics Corp. (ESP) reported earnings per share of 73 cents, which grew sharply from 36 cents in the fourth quarter of fiscal 2023. Net sales of $11.6 million denoted a significant increase from the$8.3 million reported in the same period last year. Espey's financial performance in the fiscal fourth quarter was driven by a combination of higher sales volumes, cost efficiency and operational execution. Management has emphasized the importan ...