TAYLOR DEVICES ANNOUNCES FIRST QUARTER RESULTS
TAYLOR DEVICES ANNOUNCES FIRST QUARTER RESULTS
PR Newswire
NORTH TONAWANDA, N.Y., Oct. 2, 2026
NORTH TONAWANDA, N.Y., Oct. 2, 2026 /PRNewswire/ -- Taylor Devices, Inc. (NASDAQ SmallCap: "TAYD") announced today that it had first quarter sales of $7,300,239, down from last year's first quarter sales of $9,918,350.
Net earnings for the first quarter were $456,933, also down from last year's first quarter earnings of $2,190,084.
"While we finished last fiscal year, FY26, with a record high backlog of $52.8M, the fact that much of it arrived later in FY26 Q4 ended up pushing the associated sales recognition out of this quarter, FY27 Q1," stated Tim Sopko, CEO. He further commented, "This lower sales volume in turn negatively impacted our FY27 Q1 profitability with product sales mix, including new product development efforts, further challenging our margin performance in the quarter." He continued, "Market dynamics remain largely unchanged from recent quarters with our Structural markets continuing to face headwinds driven by higher interest and unfavorable foreign exchange rates while our Aerospace/Defense markets enjoy tailwinds driven by world unrest." He further commented, "Order intake for the quarter, with all three of our product groups contributing, was robust as can been seen in our firm order backlog of $55.2M, which also sets a new record high for our company." He concluded, "As our FY27 continues, we remain focused on our growth strategies supported by our continued investments in our Team, technologies (R&D) and facilities."
Taylor Devices, Inc. is a 71-year-old company engaged in the design, development, manufacture & marketing of shock absorption, rate control and energy storage devices for use in various types of vehicles, machinery, equipment & structures. The company continues to target growth in the domestic Aerospace and Defense market as well as global Structural Construction and Industrial markets.
First Quarter (3 months ended 08/31/26 & 8/31/25) |
Fiscal 2027 |
Fiscal 2026 | |
Sales | $ 7,300,239 | $ 9,918,350 | |
Net Earnings | $ 456,933 | $ 2,190,084 | |
Earnings per Share | $ 0.14 | $ 0.70 | |
Shares Outstanding | 3,227,434 | 3,146,140 |
Taylor's website can be visited at: www.taylordevices.com, with company newsletters and other pertinent information at www.taylordevices.com/investors.
Taylor Devices, Inc.
Contact: | Artie Regan |
Regan & Associates, Inc. | |
(212) 587-3005 (phone) | |
(212) 587-3006 (fax) | |
SOURCE Taylor Devices, Inc.
The articles, information, and content displayed on this webpage may include materials prepared and provided by third parties. Such third-party content is offered for informational purposes only and is not endorsed, reviewed, or verified by Morningstar.
Morningstar makes no representations or warranties regarding the accuracy, completeness, timeliness, or reliability of any third-party content displayed on this site. The views and opinions expressed in third-party content are those of the respective authors and do not necessarily reflect the views of Morningstar, its affiliates, or employees.
Morningstar is not responsible for any errors, omissions, or delays in this content, nor for any actions taken in reliance thereon. Users are advised to exercise their own judgment and seek independent financial advice before making any decisions based on such content. The third-party providers of this content are not affiliated with Morningstar, and their inclusion on this site does not imply any form of partnership, agency, or endorsement.
Popular
4 Stocks to Buy Before They Rise Further
2 Undervalued Stocks to Buy Before They Rebound
The 10 Best Dividend Stocks
12 Best Blue-Chip Stocks to Buy for the Long Term
United States