SARATOGA SPRINGS, N.Y., Nov. 13, 2024 (GLOBE NEWSWIRE) -- Espey Mfg. & Electronics Corp. (NYSE:ESP) announces results for the first three months of fiscal year 2025. Net sales for the first quarter of fiscal year 2025, July 1 to September 30, 2024, were $10,443,218, compared with last year's first quarter net sales of $8,568,214. Net income for the quarter was $1,598,317, $0.61 per diluted share, as compared to net income of $1,094,544, $0.44 per diluted share for the same quarter last year. The backlog for the Company was approximately $94.6 million at September 30, 2024, compared with last year's backlog of approximately $87.1 million at September 30, 2023. New orders in the first thre

SARATOGA SPRINGS, N.Y., Sept. 27, 2024 (GLOBE NEWSWIRE) -- Espey Mfg. & Electronics Corp. (NYSE:ESP) announces results for its fourth quarter and fiscal year, ended June 30, 2024. For the fiscal year ended June 30, 2024, the Company reported net sales of $38,736,319 compared with $35,592,323 for the fiscal year ended June 30, 2023. Net income for the year was $5,815,140, $2.29 per diluted share, compared with net income of $3,677,131, $1.49 per diluted share, for the fiscal year ended June 30, 2023. At June 30, 2024, the sales order backlog was $97.2 million, compared to last year's backlog of $83.6 million at June 30, 2023. For the fourth quarter ended June 30, 2024, net sales were $11,

SARATOGA SPRINGS, N.Y., Sept. 09, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of Espey Mfg. & Electronics Corp. (NYSE:ESP) has declared a regular quarterly dividend of $0.25 per share, a 25% increase over the prior dividend. The dividend will be payable on September 27, 2024 to all shareholders of record on September 20, 2024. Espey's primary business is the development, design, and production of specialized military and industrial power supplies/transformers. The Company can be found on the Internet at www.espey.com.   For further information, contact Ms. Katrina Sparano at [email protected]. Certain statements in this press release are "forward-looking statements" and are made purs

SARATOGA SPRINGS, N.Y., June 06, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of Espey Mfg. & Electronics Corp. (NYSE:ESP) has declared a regular quarterly dividend of $0.20 per share, a 14% increase over the prior dividend. The dividend will be payable on June 24, 2024 to all shareholders of record on June 17, 2024. The Board of Directors is pleased to announce the signing of a new employment agreement between Espey Mfg. & Electronics Corp. and David O'Neil, President and Chief Executive Officer. Furthermore, the Board of Directors appointed Ms. Jennifer Pickering to the position of Assistant Corporate Secretary. Jennifer joined the company as Chief HR Officer in April 2024 after pre

SARATOGA SPRINGS, N.Y., May 13, 2024 (GLOBE NEWSWIRE) -- Espey Mfg. & Electronics Corp. (NYSE:ESP) announces results for the third quarter and the first nine months of fiscal year 2024. Net sales for the third quarter of fiscal year 2024, January 1 to March 31, 2024, were $8,254,653 compared with last year's third quarter net sales of $9,809,616. Net income for the quarter was $1,031,930, $0.40 per diluted share, as compared to net income of $867,288, $0.35 per diluted share for the same quarter last year. For the first nine months of fiscal year 2024, July 1 to March 31, 2024, net sales were $27.1 million, compared with $27.2 million for the first nine months of fiscal year 2023. Ne

SARATOGA SPRINGS, N.Y., March 11, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of Espey Mfg. & Electronics Corp. (NYSE:ESP) has declared a regular quarterly dividend of $0.175 per share, a 16% increase over the prior dividend. The dividend will be payable on March 28, 2024 to all shareholders of record on March 22, 2024. Espey's primary business is the development, design, and production of specialized military and industrial power supplies/transformers.  The Company can be found on the Internet at www.espey.com. For further information, contact Ms. Katrina Sparano at [email protected]. Certain statements in this press release are "forward-looking statements" and are made pursua

SARATOGA SPRINGS, N.Y., Feb. 12, 2024 (GLOBE NEWSWIRE) -- Espey Mfg. & Electronics Corp. (NYSE:ESP) announces results for the first six months of fiscal year 2024. Net sales for the second quarter of fiscal year 2024, October 1 to December 31, 2023, were $10,302,541 compared with last year's second quarter net sales of $8,804,109. Net income for the quarter was $1,795,370, $0.72 per diluted share, as compared to net income of $1,146,042, $0.47 per diluted share for the same quarter last year. For the first six months of fiscal year 2024, July 1 to December 31, 2023, net sales were approximately $18.9 million, compared with $17.4 million for the first six months of fiscal year 2023. N

SARATOGA SPRINGS, N.Y., Jan. 23, 2024 (GLOBE NEWSWIRE) -- Espey Manufacturing received a BAE Systems Partner2Win gold medallion on November 14, 2023, for its exceptional performance and commitment to operational excellence. Espey's contributions to supply chain success helped BAE Systems ensure quality deliveries to customers. The Partner2Win program recognizes suppliers for their success in the areas of operations, quality and procurement. As part of the program, BAE Systems maintains a close relationship with suppliers and creates an environment to share best practices, learnings and innovative solutions to problems. According to BAE, all suppliers awarded this year went above and b

SARATOGA SPRINGS, N.Y., Dec. 20, 2023 (GLOBE NEWSWIRE) -- In the realm of modern air combat, the integration of Active Electronically Scanned Array (AESA) radar has become an industry standard for all new generation fighters. Notably, many older fighter aircraft are undergoing retrofitting to incorporate AESA radars. At its core, air combat revolves around a fundamental principle - eliminating the enemy without falling victim to their retaliation, a concept Lockheed Martin aptly describes as "first-look, first-shot, first-kill capability." This entails the ability to detect an enemy aircraft before they detect you, fire a missile, and neutralize the target without giving the opposing pilot

SARATOGA SPRINGS, N.Y., Dec. 04, 2023 (GLOBE NEWSWIRE) -- The Board of Directors of Espey Mfg. & Electronics Corp. (NYSE:ESP) has declared a regular quarterly dividend of $0.15 per share. The dividend will be payable on December 22, 2023 to all shareholders of record on December 15, 2023. Espey's primary business is the development, design, and production of specialized military and industrial power supplies/transformers.  The Company can be found on the Internet at www.espey.com.  For further information, contact Ms. Katrina Sparano at [email protected].  Certain statements in this press release are "forward-looking statements" and are made pursuant to the safe harbor provisions of the

SARATOGA SPRINGS, N.Y., Sept. 09, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of Espey Mfg. & Electronics Corp. (NYSE:ESP) has declared a regular quarterly dividend of $0.25 per share, a 25% increase over the prior dividend. The dividend will be payable on September 27, 2024 to all shareholders of record on September 20, 2024. Espey's primary business is the development, design, and production of specialized military and industrial power supplies/transformers. The Company can be found on the Internet at www.espey.com.   For further information, contact Ms. Katrina Sparano at [email protected]. Certain statements in this press release are "forward-looking statements" and are made purs

SARATOGA SPRINGS, N.Y., March 11, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of Espey Mfg. & Electronics Corp. (NYSE:ESP) has declared a regular quarterly dividend of $0.175 per share, a 16% increase over the prior dividend. The dividend will be payable on March 28, 2024 to all shareholders of record on March 22, 2024. Espey's primary business is the development, design, and production of specialized military and industrial power supplies/transformers.  The Company can be found on the Internet at www.espey.com. For further information, contact Ms. Katrina Sparano at [email protected]. Certain statements in this press release are "forward-looking statements" and are made pursua

SARATOGA SPRINGS, N.Y., Dec. 04, 2023 (GLOBE NEWSWIRE) -- The Board of Directors of Espey Mfg. & Electronics Corp. (NYSE:ESP) has declared a regular quarterly dividend of $0.15 per share. The dividend will be payable on December 22, 2023 to all shareholders of record on December 15, 2023. Espey's primary business is the development, design, and production of specialized military and industrial power supplies/transformers.  The Company can be found on the Internet at www.espey.com.  For further information, contact Ms. Katrina Sparano at [email protected].  Certain statements in this press release are "forward-looking statements" and are made pursuant to the safe harbor provisions of the

SARATOGA SPRINGS, N.Y., Nov. 13, 2023 (GLOBE NEWSWIRE) -- Espey Mfg. & Electronics Corp. (NYSE:ESP) announces results for the first three months of fiscal year 2024. Net sales for the first quarter of fiscal year 2024, July 1 to September 30, 2023, were $8,568,214, compared with last year's first quarter net sales of $8,635,795. Net income for the quarter was $1,094,544, $0.44 per diluted share, as compared to net income of $768,266, $0.31 per diluted share for the same quarter last year. The backlog for the Company was approximately $87.1 million at September 30, 2023, compared with last year's backlog of $81.2 million at September 30, 2022. New orders in the first three months of f

SARATOGA SPRINGS, N.Y., Sept. 21, 2023 (GLOBE NEWSWIRE) -- Espey Mfg. & Electronics Corp. (NYSE:ESP) announces results for its fourth quarter and fiscal year, ended June 30, 2023. For the fiscal year ended June 30, 2023, the Company reported net sales of $35,592,323 compared with $32,104,774 for the fiscal year ended June 30, 2022. Net income for the year was $3,677,131, $1.49 per diluted share, compared with net income of $1,265,127, $0.52 per diluted share, for the fiscal year ended June 30, 2022. At June 30, 2023, the sales order backlog was approximately $83.6 million, compared to last year's backlog of $76.8 million at June 30, 2022. For the fourth quarter ended June 30, 2023, n

SARATOGA SPRINGS, N.Y., June 12, 2023 (GLOBE NEWSWIRE) -- The Board of Directors of Espey Mfg. & Electronics Corp. (NYSE:ESP) has declared a regular quarterly dividend of $0.10 per share. The dividend will be payable on June 28, 2023 to all shareholders of record on June 23, 2023. Espey's primary business is the development, design, and production of specialized military and industrial power supplies/transformers.  The Company can be found on the Internet at www.espey.com. For further information, contact Ms. Katrina Sparano at (518) 245-4400.  Certain statements in this press release are "forward-looking statements" and are made pursuant to the safe harbor provisions of the Private Sec

SARATOGA SPRINGS, N.Y., March 13, 2023 (GLOBE NEWSWIRE) -- The Board of Directors of Espey Mfg. & Electronics Corp. (NYSE:ESP) has reinstated its quarterly dividend and has declared a regular quarterly dividend of $0.10 per share. The dividend will be payable on March 31, 2023 to all shareholders of record on March 24, 2023. Espey's primary business is the development, design, and production of specialized military and industrial power supplies/transformers. The Company can be found on the Internet at www.espey.com. For further information, contact Ms. Katrina Sparano at (518) 245-4400.  Certain statements in this press release are "forward-looking statements" and are made p

SARATOGA SPRINGS, N.Y., March 09, 2021 (GLOBE NEWSWIRE) -- The Board of Directors of Espey Mfg. & Electronics Corp. (NYSE AMERICAN: ESP) has suspended its quarterly dividend. The Board of Directors of Espey Mfg. & Electronics Corp. has determined to suspend payment of a cash dividend which, in accordance with practice, would have been declared and paid prior to the end of this month. In making the determination, the Board balanced the objective of maintaining Espey’s strong position to address the business challenges caused by the global pandemic which continue to confront the industries the Company services, against the historical payment of consistent dividends to shareholders. Patrick

SARATOGA SPRINGS, N.Y., Dec. 07, 2020 (GLOBE NEWSWIRE) -- The Board of Directors of Espey Mfg. & Electronics Corp. (NYSE AMERICAN: ESP) has declared a regular quarterly dividend of $0.25 per share. The dividend will be payable on December 29, 2020 to all shareholders of record on December 22, 2020. Espey's primary business is the development, design, and production of specialized military and industrial power supplies/transformers.  The Company can be found on the Internet at www.espey.com. For further information, contact Mr. David O'Neil at (518) 245-4400. Certain statements in this press release are "forward-looking statements" and are made pursuant to the safe harbor provisions of t