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Taylor Devices, Inc. reports recurring operating results for a manufacturer of shock absorption, rate control and energy storage devices used in vehicles, machinery, equipment and structures. Company news centers on quarterly and annual sales, net earnings, earnings per share and share-count data, along with demand trends tied to aerospace and defense, structural construction and industrial markets.
Its business references include seismic dampers, Fluidicshoks, crane and industrial buffers, self-adjusting shock absorbers, liquid die springs and vibration dampers, products generally used to absorb, control or mitigate motion from events such as earthquakes, explosions and heavy industrial activity.
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.
Taylor Devices, Inc. (TAYD) reported a net earnings drop for the 3rd quarter of fiscal year 2021, totaling $182,318, a significant decline from $782,752 in the same period last year. Sales also fell to $4,772,371 compared to $7,234,195 last year. For the first nine months, net earnings reached $1,003,619, down from $2,054,335 previously. Despite lower earnings, the company saw a rise in bookings and has a firm order backlog of $18,800,000, up from $14,600,000 last year.
Taylor Devices, Inc. (TAYD) reported a decline in both sales and net earnings for its 2nd quarter and the first six months of fiscal year 2021. Net earnings dropped to $645,290 for Q2, down from $917,006 last year. Sales decreased to $4,717,597 in Q2 compared to $7,702,425 from the previous year. For the first half, net earnings were $821,301, down from $1,271,583, with total sales at $10,477,054. The company attributes lower sales to order delays due to the COVID-19 pandemic, while a PPP loan helped maintain workforce stability.
Taylor Devices, Inc. (TAYD) reported Q1 sales of $5,759,457, a slight increase from $5,708,639 in the same quarter last year. However, net earnings fell to $176,011, down from $354,577 year-over-year, driven by lower margins due to competitive dynamics and tariffs in Asia. CEO Tim Sopko noted that order placement delays related to the COVID-19 pandemic negatively impacted sales volume. The company remains well-positioned with a strong balance sheet and diversified portfolio, targeting growth in Aerospace, Defense, and Industrial markets.
Taylor Devices, Inc. (NASDAQ: TAYD) reported a slight dip in net earnings for Q4 2020, with profits of $975,641 compared to $982,390 in Q4 2019. Despite this, the full fiscal year net income rose to $3,029,976, marking an increase from $2,544,525 the previous year. Q4 sales fell to $7,736,282 from $9,013,282, while annual sales also declined to $28,381,541 from $33,619,031. The CEO attributed these declines to tariffs and the impact of the COVID-19 pandemic but highlighted improved profit margins. The company remains optimistic due to diversified product offerings.