Core Insights - Espey Mfg. & Electronics Corp. reported net sales of $9,092,876 for the first three months of fiscal year 2026, a decrease from $10,443,218 in the same period of fiscal year 2025 [2] - The company achieved a net income of $2,169,836, or $0.80 per share, compared to $1,598,317, or $0.63 per share, in the prior year, indicating an increase in profitability despite lower sales [2] - The total backlog increased significantly to approximately $141.1 million from $94.6 million year-over-year, reflecting strong demand and order growth [3] Financial Performance - Net sales decreased by approximately 12.9% year-over-year [2] - Net income increased by approximately 35.7% year-over-year, demonstrating improved profitability [2] - New orders received in the first three months of fiscal year 2026 were roughly $10.5 million, up from $7.8 million in the same period of fiscal year 2025, indicating a positive trend in order intake [3] Management Commentary - The President and CEO highlighted solid execution by the team, emphasizing improvements in gross profit, backlog levels, and net income despite softer sales [4] - The decline in sales was attributed to a change in the timing of shipments rather than a decrease in demand [4] - The company is focused on labor efficiencies, material cost savings, and effective resource management, which contributed to the strength of gross profits [4] Business Overview - Espey's primary business involves the development, design, and production of specialized military and industrial power supplies and transformers [5]

Core Points - Espey Mfg. & Electronics Corp. has declared a quarterly dividend of $0.25 per share [1] - The dividend will be payable on June 23, 2025, to shareholders of record on June 16, 2025 [1] - The company specializes in the development, design, and production of military and industrial power supplies and transformers [1]

Core Insights - Espey Mfg. & Electronics Corp. reported significant growth in net sales and net income for both the third quarter and the first nine months of fiscal year 2025 compared to the same periods in the previous year [1][2]. Financial Performance - For the third quarter of fiscal year 2025, net sales reached $10,302,719, an increase of approximately 24.8% from $8,254,653 in the same quarter last year. Net income for the quarter was $1,704,487, or $0.63 per diluted share, compared to $1,031,930, or $0.40 per diluted share, in the prior year [1]. - For the first nine months of fiscal year 2025, net sales totaled $34,354,677, up 26.9% from $27,125,408 in the same period of fiscal year 2024. Net income for this period was $5,211,303, or $1.95 per diluted share, compared to $3,921,844, or $1.56 per diluted share, in the previous year [2]. Backlog and Orders - The company's backlog as of March 31, 2025, was $138 million, significantly higher than the $84.2 million backlog reported at the same time last year. New orders for the first nine months of fiscal year 2025 amounted to $75.1 million, a substantial increase from approximately $27.8 million in the same period of fiscal year 2024 [3]. Business Focus - Espey's primary business involves the development, design, and production of specialized military and industrial power supplies and transformers, indicating a strong focus on niche markets within the defense and industrial sectors [4].