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Espey's Q1 sales rise but backlog and orders fall

By Reuters News


Overview

  • US military power supply maker's fiscal Q1 sales rose yr/yr

  • Net income for fiscal Q1 was nearly flat yr/yr

  • Company's new orders and backlog declined significantly from prior year


Outlook

  • Company says management remains focused on bookings execution and cost management for fiscal 2027


Result Drivers

  • BACKLOG - Total backlog at September 30 was $126.7 million, compared to $141.1 million last year

  • NEW ORDERS - New orders received in Q1 were $2.6 million, compared to $10.5 million new orders in the prior year

  • PRODUCT MIX SENSITIVITY - Gross profits remain sensitive to overall product mix and it is actively managing programs to build long-term value


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q1 Sales

$10.61 mln

Q1 EPS

$0.75


Analyst Coverage

  • The one available analyst rating on the shares is "hold"

  • The average consensus recommendation for the electrical components & equipment peer group is "buy."

  • Wall Street's median 12-month price target for Espey MFG & Electronics Corp is $70.00, about 46.1% above its November 12 closing price of $47.90


Reuters Recommended Reads

  • Nov 12 - BK Technologies Q3 revenue rises on strong federal demand

  • Nov 12 - VirTra Q3 revenue jumps 42% on government, international sales

  • Nov 12 - Stratasys Q3 revenue beats on strength in aerospace and defense segment


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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