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Stock impact report

Espey Mfg. & Electronics Corp. reports second quarter results

Espey Mfg. & Electronics Corp. (ESP) 
NASDAQ:AMEX Investor Relations: espey.com
Company Research Source: GlobeNewswire
SARATOGA SPRINGS, N.Y., Feb. 12, 2024 (GLOBE NEWSWIRE) -- Espey Mfg. & Electronics Corp. (NYSE American: 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. Net income for the period was $2,889,914, $1.16 per diluted share, compared with net income of $1,914,308, $0.78 per diluted share, for the same period last year. The backlog for the Company was approximately $84.8 million at December 31, 2023, compared with last year's backlog of $78.3 Show less Read more
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