8-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K

Current Report

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

May 16, 2005
Date of Report (Date of earliest event reported)

ESPEY MFG & ELECTRONICS CORP.
(Exact name of registrant as specified in its charter)

New York
(State or other jurisdiction
of incorporation) 1-4383
(Commission File Number) 14-1387171
(I.R.S. Employer
Identification No.)

233 Ballston Avenue, Saratoga Springs, New York 12866
(Address of principal executive offices) (Zip Code)

(Registrant’s telephone number, including area code): (518) 584-4100

Item 2.02 Results of Operations and Financial Condition

On May 16, 2005, Espey Mfg. & Electronics Corp. issued a press release announcing its financial results for the fiscal quarter ended March 31, 2005. A copy of the press release is furnished as Exhibit 99.1 to this report. The information in this report shall not be deemed to be filed for purposes of Section 18 of the Securities Exchange Act of 1934 (the Exchange Act), as amended, or otherwise subject to the liability of that section, and shall not be incorporated by reference into any registration statement or other document filed under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

Item 9.01 Financial Statements, Pro Forma Financial Information and Exhibits

(c) Exhibits

Exhibit No.
99.1 Document
Press Release dated May 16, 2005

SIGNATURES

        Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

ESPEY MFG. & ELECTRONICS CORP.


/s/ David A. O'Neil
David A. O'Neil, Treasurer and Principal
Financial Officer

Dated: May 18, 2005

EX-99.1

FOR IMMEDIATE RELEASE

Espey’s Backlog Increases to Record High;Reports
3^rd Quarter and Nine Month Results

Saratoga Springs, NY; May 16, 2005- Espey Mfg. & Electronics Corp., (AMEX:ESP) announced new orders and reported results for the third quarter of fiscal 2004-2005 and the nine months ended March 31, 2005.

Espey has recently received substantial orders for previously designed military and defense related electronics. These orders will be filled over the next three fiscal years. As a result of the new orders, Espey’s sales order backlog has significantly increased from $14.2 million on April 1, 2005 to approximately $33.1 million today, a new record. The Company anticipates the need for additional production staff to meet these commitments.

Net sales for the third quarter of fiscal 2004-2005, January 1 to March 31, 2005 decreased to $4.2 million as compared with fiscal 2003-2004 third quarter net sales of $6.1 million. Net income for the period increased to $111,987, $.11 per diluted share as compared with net income of $54,008, $.05 per diluted share for the corresponding period last year.

Net sales for the first nine months of fiscal 2004-2005 were $13.8 million as compared with $17.1 million for the first nine months of fiscal 2003-2004. Net income for the nine month period was $339,603, $.33 per diluted share as compared with net income of $396,402, $.39 per diluted share for the corresponding period last year.

Espey’s primary business is the development, design, and production of specialized military and industrial power supplies/electronic equipment. The Company’s web site can be found on the Internet at www.espey.com.

For further information, contact Mr. David O’Neil or Mr. Howard Pinsley at (518) 245-4400.

Certain statements in this press release 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.

Espey Mfg. & Electronics Corp. comparative unaudited three-month and nine-month figures for the periods ended March 31, 2005 and 2004.
	Three Months				Nine Months
	2004		2003		2004		2003
Sales:	$	4,219,861	$	6,166,221	$	13,846,929	$	17,083,213
Net Income:		111,987		54,008		339,603		396,403
Diluted
Income per share:		.11		.05		.33		.39
Weighted average number of
Shares outstanding:
Basic		1,010,671		1,011,416		1,011,774		1,013,545
Diluted		1,023,303		1,021,908		1,022,558		1,021,874