Filing Flows › Espey Manufacturing & Electronics (ESP) › Q2 FY25
Espey Manufacturing & Electronics (ESP) Q2 FY25 earnings results (second quarter fiscal 2025)
10-Q filed Feb 12, 2025
Espey Manufacturing & Electronics (ESP) reported revenue of $13.6M for the second quarter fiscal 2025 (Q2 FY25), +32% from a year earlier and +30% from the quarter before. Operating margin was 14.9%, net earnings $1.9M (14.0% of revenue).
Espey Manufacturing & Electronics, Q2 FY25: revenue $13.6M (+32% year over year), operating margin 14.9%, net earnings $1.9M, operating cash flow $5.4M. The chart follows the revenue to costs, profit and cash.
| Q2 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $13.6M | +30% | +32% |
| Gross profit | $3.2M | +13% | +0.7% |
| Operating profit | $2.0M | +18% | -3% |
| Net earnings | $1.9M | +19% | +6% |
| Operating cash flow | $5.4M | +287% | +62% |
| Free cash flow | $4.5M | +520% | +116% |
What changed
Revenue was $13.6M in Q2 FY25, up 32% year over year and up 30% from the previous quarter.
Gross margin was 23.2%, down 7.3 points from a year earlier. Operating profit was $2.0M, a 14.9% margin (down 5.4 points year over year). Operating profit fell $68K even though revenue rose $3.3M versus a year earlier, so costs grew faster than sales. Operating expenses grew 9% against revenue growth of 32%. Net earnings were $1.9M, up 6% year over year. The effective tax rate was 16.8%.
Operating cash flow was $5.4M (up 62% year over year), 282% of net earnings. Non-cash charges added back $110K of depreciation and $92K of share-based compensation. Working capital and other items added $3.3M. Capital expenditures of $884K left free cash flow of $4.5M.
Questions
What was Espey Manufacturing & Electronics' revenue in the second quarter fiscal 2025?
Espey Manufacturing & Electronics (ESP) reported revenue of $13.6M for the second quarter fiscal 2025 (Q2 FY25), +32% from a year earlier and +30% from the quarter before.
Was Espey Manufacturing & Electronics profitable in the second quarter fiscal 2025?
Operating profit was $2.0M (14.9% of revenue) and net earnings $1.9M.
Source: Espey Manufacturing & Electronics 10-Q on SEC EDGAR.