Welcome to our dedicated page for Taylor Devices news (Ticker: TAYD), a resource for investors and traders seeking the latest updates and insights on Taylor Devices stock.
Taylor Devices, Inc. (NASDAQ: TAYD) is a manufacturing company focused on shock absorption, rate control and energy storage devices used in vehicles, machinery, equipment and structures. This news page aggregates the company’s press releases and third‑party coverage so readers can follow how Taylor Devices communicates its performance and strategy over time.
In recent years, Taylor Devices has reported record or near‑record levels of sales, net income and firm order backlog in several quarters and fiscal years. Management commentary in these releases often highlights contributions from its three customer product groups—Aerospace/Defense, Structural and Industrial—as well as the impact of market diversity when one segment faces headwinds. The company also frequently discusses its firm order backlog as an indicator of future work.
Visitors to this page can review updates on quarterly and annual financial results, including sales, earnings and earnings per share figures, along with qualitative discussion of factors such as product mix, demand trends in Aerospace/Defense versus Structural and Industrial markets, and the effects of interest rates and economic conditions on its structural business. Taylor Devices’ announcements also touch on topics like investments in its team, technologies (R&D), facilities and its Development Lab.
For investors tracking TAYD news, this feed provides a centralized view of earnings releases, backlog updates, stock repurchase disclosures and other corporate developments mentioned in company communications. Bookmark this page to access an organized stream of Taylor Devices news relevant to its manufacturing operations and market focus.
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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.
Taylor Devices, Inc. (TAYD) reported a 35% increase in 2nd quarter sales, reaching $10,497,366, compared to $7,757,986 in the same period last year. The 1st half sales grew 30% to $19,588,065. Net earnings surged to $1,559,508 in the 2nd quarter, up from $659,804 last year, with a 204% rise in net earnings for the first half at $2,561,879. With a firm order backlog of $18,100,000, the company also reported $12 million in additional orders booked in December 2022.
Taylor Devices, Inc. (NASDAQ: TAYD) reported significant growth in its first quarter ending August 31, 2022, with sales reaching $9,090,699, a 24% increase from $7,307,737 in the same period last year. Net earnings soared to $1,002,371, compared to $181,877, marking a 451% year-over-year rise. The firm order backlog was $23 million, up 19% from the previous year. The company's CEO highlighted the ability to manage supply chain challenges and expressed optimism for continued growth in the Aerospace and Defense markets.
Taylor Devices, Inc. (TAYD) reported a strong financial performance for Q4 and the fiscal year 2022. Q4 sales surged to $9,657,530, up from $7,260,216, while total annual sales reached $30,866,582, significantly higher than last year's $22,509,641. Net income for Q4 rose to $1,515,034 compared to $59,276 last year, with annual net income at $2,239,423 vs. $1,062,895. Despite challenges with material cost increases, the company holds a strong order backlog of $23.7 million entering FY23, indicating solid growth prospects.
Taylor Devices, Inc. (TAYD) reported a net loss of $117,293 in the 3rd quarter, compared to net earnings of $182,318 last year. However, quarterly sales rose to $6,143,329, up 29% year-over-year. For the first nine months, net earnings decreased to $724,388 from $1,003,619, while sales increased 39% to $21,209,052. CEO Tim Sopko highlighted challenges due to increased material and labor costs, alongside the absence of prior government financial assistance. The firm order backlog is currently $17,400,000.
Taylor Devices, Inc. (TAYD) reported net earnings of $659,804 for Q2 FY22, a slight increase from $645,290 in the same quarter last year. Total sales surged to $7,757,986, up 64% from $4,717,597 in Q2 FY21. For the first half, net earnings reached $841,681, up from $821,301, with sales climbing to $15,065,723 from $10,477,054.
The order backlog stood at $17,000,000, reflecting growth compared to last year.
Taylor Devices, Inc. (NASDAQ: TAYD) reported a 1st quarter sales increase to $7,307,737, up from $5,759,457 year-over-year. Net earnings rose slightly to $181,877 compared to $176,011 in the previous year. Despite sales growth, profit margins were pressured by material and labor cost increases due to COVID-19. The company’s firm order backlog improved significantly to $19,400,000 from $10,300,000 a year prior, indicating positive market recovery prospects.
Taylor Devices, Inc. (NASDAQ: TAYD) announced a partnership with Thornton Tomasetti to manufacture and distribute the innovative Pumpkin™ Mounts absorber. These mounts are designed for shock and vibration isolation in critical systems, outperforming standard devices by withstanding extreme forces and reducing noise. The mounts can significantly lower input accelerations in naval environments, making them suitable for various applications. Taylor Devices aims to enhance equipment protection during shock and vibration events through this new technology, further solidifying its position in the industry.