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Taylor Devices Inc (TAYD) specializes in engineered shock control solutions for aerospace, defense, and industrial sectors. This page serves as your comprehensive source for official company news, including product developments, financial updates, and strategic initiatives.
Key resources include: Press releases on seismic damper innovations, earnings reports detailing financial performance, and announcements about engineering partnerships. Investors and industry professionals will find timely updates on TAYD's energy management solutions and market positioning.
Regular updates cover: New product certifications, contract awards in defense sectors, operational expansions, and R&D breakthroughs in vibration control technology. Content is curated to support informed decision-making without speculative commentary.
Bookmark this page for direct access to Taylor Devices' verified corporate communications and industry analyses. Check back frequently for the latest developments in advanced shock absorption systems and company milestones.
Taylor Devices (NASDAQ: TAYD) reported decreased financial results for Q3 FY25. Third quarter sales declined to $10.56 million from $12.25 million year-over-year, while nine-month sales dropped to $30.73 million from $32.52 million. Net earnings for Q3 decreased to $2.00 million from $2.70 million, with nine-month earnings falling to $5.73 million from $6.53 million.
Despite lower volumes, the company maintained favorable gross margins through continuous improvements. The firm's order backlog grew to $33.3 million at February-end, up from $30.2 million last year, demonstrating benefits from market diversification despite challenges from high interest rates and US Government Continuing Resolution.
The company continues investing in team development, R&D, and facilities while focusing on growth strategies in domestic Aerospace and Defense markets as well as global Structural Construction and Industrial markets.
Taylor Devices (NASDAQ: TAYD) reported its FY2025 second quarter and first half results. Q2 sales decreased to $8.55M from $10.34M in the previous year, while first-half sales slightly declined to $20.17M from $20.26M. Net earnings for Q2 dropped to $1.06M from $1.98M, and first-half earnings decreased to $3.72M from $3.83M.
The company's H1 FY25 performance represents the second-highest first-half sales in its history. The firm order backlog increased to $34.5M from $33.1M at the start of the fiscal year. First-half earnings margin was 18.5%, compared to 18.9% in the previous year. The company continues to focus on growth opportunities in Aerospace/Defense, Structural, and Industrial markets.
Taylor Devices (NASDAQ: TAYD) reported record Q1 FY25 results, with sales of $11,617,856, up 17% year-over-year, and net earnings of $2,666,655, a 44% increase from Q1 FY24. CEO Tim Sopko highlighted strong performance across all customer product groups, with Aerospace/Defense momentum offsetting headwinds in Structural markets. The firm order backlog stood at $28.4M, slightly above last year's Q1 and well ahead of the five-year Q1 average of $21.9M.
Taylor Devices, a 69-year-old company specializing in shock absorption and energy storage devices, continues to focus on growth strategies in domestic Aerospace and Defense markets, as well as global Structural Construction and Industrial markets. The company's earnings per share for Q1 FY25 were $0.85, compared to $0.52 in Q1 FY24, with 3,118,975 shares outstanding.
Taylor Devices (NASDAQ: TAYD) reported record-breaking financial results for fiscal year 2024. The company achieved full-year sales of $44.6 million, up from $40.2 million in FY23. Net income surged to $9 million (20.2% of sales), compared to $6.3 million (15.6%) last year. Fourth-quarter sales reached $12.1 million, with net income of $2.5 million. The firm order backlog hit a new high of $33.1 million entering FY25. CEO Tim Sopko attributed the success to the execution of profitable growth strategies and strong performance across all product groups, particularly in the Aerospace/Defense market. The company plans to continue investing in its team, technologies, and facilities to support future growth.
Taylor Devices, Inc. (TAYD) announced significant financial results for its 3rd quarter and first nine months of FY23. Sales reached $9,891,272, a 61% increase from $6,143,329 in the same quarter last year. Year-to-date sales totaled $29,479,337, up 39% from $21,209,052. The company reported net earnings of $1,658,887, recovering from a loss of $117,293 in the previous year. For the first nine months, net earnings were $4,220,766, up from $724,388. The firm order backlog stands at $27,800,000, indicating strong demand. These results highlight ongoing growth in Taylor’s key markets: Aerospace, Defense, Structural, and Industrial.
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