For the fiscal year ended
For the fourth quarter ended
Also, new orders for the fiscal year ended
Mr. David O’Neil, President and CEO, commented,
The team wrapped up the fiscal year and delivered a respectable increase in sales while posting a significant improvement to net income when compared to the prior year. This improvement is a direct result from the team’s ongoing focus over the past eighteen months to clear program obstacles and improve upon prior labor and supply chain constraints. Our backlog is at a record level.
The team continues to focus on our core competencies to better position our success now and in the future in targeting those sales and product mix strategies which will maximize utilization in both the engineering department and on the production floor while furthering organic sales growth. These efforts are in support of delivering solid future financial results.
Furthermore, the Board of Directors of
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.
This press release may contain certain statements that are "forward-looking statements" and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements represent the Company's current expectations or beliefs concerning future events. The matters covered by these statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those set forth in the forward-looking statements. The Company wishes to caution readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made.
Source:
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