Filing Flows › Espey Manufacturing & Electronics (ESP) › Q3 FY25
Espey Manufacturing & Electronics (ESP) Q3 FY25 earnings results (third quarter fiscal 2025)
10-Q filed May 12, 2025
Espey Manufacturing & Electronics (ESP) reported revenue of $10.3M for the third quarter fiscal 2025 (Q3 FY25), +25% from a year earlier and -24% from the quarter before. Operating margin was 17.0%, net earnings $1.7M (16.5% of revenue).
Espey Manufacturing & Electronics, Q3 FY25: revenue $10.3M (+25% year over year), operating margin 17.0%, net earnings $1.7M, operating cash flow $11.5M. The chart follows the revenue to costs, profit and cash.
| Q3 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $10.3M | -24% | +25% |
| Gross profit | $2.9M | -7% | +43% |
| Operating profit | $1.8M | -14% | +60% |
| Net earnings | $1.7M | -11% | +65% |
| Operating cash flow | $11.5M | +113% | +711% |
| Free cash flow | $10.5M | +133% | 28× |
What changed
Revenue was $10.3M in Q3 FY25, up 25% year over year and down 24% from the previous quarter.
Gross margin was 28.6%, up 3.6 points from a year earlier. Operating profit was $1.8M, a 17.0% margin (up 3.8 points year over year). Of the extra revenue versus a year earlier, 32% reached operating profit, above the 13% margin then. Operating expenses grew 23% against revenue growth of 25%. Net earnings were $1.7M, up 65% year over year. The effective tax rate was 18.3%.
Operating cash flow was $11.5M (up 711% year over year), 672% of net earnings. Non-cash charges added back $116K of depreciation and $93K of share-based compensation. Working capital and other items added $9.5M. Capital expenditures of $1.0M left free cash flow of $10.5M.
Questions
What was Espey Manufacturing & Electronics' revenue in the third quarter fiscal 2025?
Espey Manufacturing & Electronics (ESP) reported revenue of $10.3M for the third quarter fiscal 2025 (Q3 FY25), +25% from a year earlier and -24% from the quarter before.
Was Espey Manufacturing & Electronics profitable in the third quarter fiscal 2025?
Operating profit was $1.8M (17.0% of revenue) and net earnings $1.7M.
Source: Espey Manufacturing & Electronics 10-Q on SEC EDGAR.