Espec Corp. Reports Strong Nine-Month Financial Performance
Espec Corp. reported strong financial performance for the nine months ending December 31, 2024, with increased orders and net sales across all segments, particularly in the Equipment Business. Operating and ordinary profits rose despite a slight increase in SG&A expenses. The company maintained its dividend forecast, supported by robust domestic production capacity and order trends. Current market cap stands at Yen51.32B, with a year-to-date price performance of -15.41% and a consensus rating of Hold.
An update from Espec Corp. ( (JP:6859) ) is now available.
Espec Corp. reported increased orders and net sales across all segments for the nine months ending December 31, 2024, with notable growth in the Equipment Business. Despite a slight increase in SG&A expenses, operating and ordinary profits rose, aligning with forecasts. The company’s performance was bolstered by strong domestic production capacity and order trends, with no changes to the dividend forecast.
More about Espec Corp.
Espec Corp. operates in the environmental testing industry, primarily focusing on the production of environmental test chambers. The company is known for its equipment business, which serves a strong market demand in Japan.
YTD Price Performance: -15.41%
Average Trading Volume: 52,389
Technical Sentiment Consensus Rating: Hold
Current Market Cap: Yen51.32B
Learn more about 6859 stock on TipRanks’ Stock Analysis page.
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