Espey Manufacturing (ESP) Reports Q1 EPS of $0.18

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Go back to Espey Manufacturing (ESP) Reports Q1 EPS of $0.18

Espey Mfg. & Electronics Corp. reports first quarter results

November 14, 2016 4:20 PM EST

SARATOGA SPRINGS, NY -- (Marketwired) -- 11/14/16 -- Espey Mfg. & Electronics Corp. (NYSE MKT: ESP) announces results for its first three months of fiscal year 2017.

Net sales for the first quarter of fiscal 2017, July 1 to September 30, 2016, were $6,068,684, as compared to last year's first quarter net sales of $6,279,436. Net income for the quarter decreased to $420,825, $0.18 per diluted share, as compared to net income of $878,530, $0.38 per diluted share for the same quarter last year.

The sales order backlog for the Company was $34.2 million on September 30, 2016, an increase of $0.6 million... More