Espey Mfg Electronics (ESP) Q1 2025 Earnings Report

Espey Mfg. Electronics Corp (ESP) delivered a resilient QQ1 2025, with revenue of $10.44 million and a gross margin of 26.8%, translating to an EBITDA of $1.72 million and net income of $1.60 million. Reported EPS of $0.63 (diluted $0.61) reflects solid operating leverage on a relatively small revenue base. Year-over-year revenue growth stood at approximately 21.9%, while net income rose about 46.0% year over year, though QoQ metrics show a modest sequential deceleration. The quarter benefited from favorable product mix and disciplined cost management, contributing to a robust profitability profile despite the company’s small scale in a specialized defense/industrial electronics niche.