Net sales for the third quarter of fiscal year 2023,
For the first nine months of fiscal year 2023,
The backlog for the Company was approximately
Mr. David O’Neil, President and CEO, commented,
"I am very proud of the results our workforce has produced for the three and nine months ended
"We continue to focus on completion of and cost mitigation efforts related to several engineering design program deliverables. Our focus on mitigating supply chain delays and lead times, which impact production goals and shipments in any given period, remains ongoing as well. Our objective is the clearing of recent business obstacles as we conclude the year and transition into the next fiscal year.
"Our backlog is at a record level. New order sales bookings remain strong and our opportunities in the pipeline look promising."
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:
2023 GlobeNewswire, Inc., source