TAYLOR DEVICES ANNOUNCES FIRST QUARTER RESULTS

Rhea-AI Summary

Taylor Devices (NASDAQ:TAYD) reported mixed first quarter FY2026 results, with sales of $9.92 million, down 15% from $11.62 million in Q1 FY2025. Net earnings decreased 18% to $2.19 million from $2.67 million year-over-year.

Despite the decline, both metrics exceeded their four-year quarterly averages of $9.5M and $1.4M respectively. The company demonstrated market diversity with a balanced revenue split between Structural/Industrial (49%) and Aerospace/Defense (51%) segments. The firm order backlog increased to $27.9 million from $27.1 million at the start of FY2026.

The company noted increased activity in Aerospace/Defense due to global unrest, offsetting headwinds in Structural and Industrial markets from economic uncertainties and higher interest rates.

Positive

• Backlog increased to $27.9M from $27.1M at fiscal year start
• Q1 results exceeded 4-year quarterly averages for both sales ($9.5M) and earnings ($1.4M)
• Well-balanced revenue diversification between Structural/Industrial (49%) and Aerospace/Defense (51%)
• Increased activity in Aerospace/Defense segment due to global conditions

Negative

• Sales decreased 15% year-over-year to $9.92M from $11.62M
• Net earnings declined 18% to $2.19M from $2.67M
• Facing headwinds in Structural and Industrial markets due to economic uncertainties
• Impact of higher interest rates affecting certain market segments

Insights

Financial Analyst

TAYD reports Q1 revenue/earnings decline from record levels, but maintains strong backlog and diversified market position despite economic headwinds.

Taylor Devices reported $9.92 million in Q1 sales, down 15% from the record $11.62 million in the same quarter last year. Net earnings followed a similar pattern, decreasing 18% to $2.19 million from $2.67 million year-over-year.

Despite these decreases, the company's performance remains strong when viewed in historical context. Both sales and earnings exceeded their four-year quarterly averages of $9.5 million and $1.4 million respectively. This suggests that while there's a pullback from record highs, the company is still performing above its typical baseline.

The firm's order backlog stands at $27.9 million, representing a slight increase from the $27.1 million at the beginning of the fiscal year on June 1. This 3% growth in backlog is a positive indicator for future revenue stability.

TAYD's business model demonstrates effective market diversification, with Q1 sales nearly evenly split between Structural/Industrial products (49%) and Aerospace/Defense products (51%). This balance provides important insulation against sector-specific downturns.

The company specifically cited global instability driving increased activity in Aerospace/Defense, which is offsetting headwinds in the Structural/Industrial markets stemming from economic uncertainties and higher interest rates. The earnings per share decreased to $0.70 from $0.85 in the year-ago period, a 17.6% reduction.

Management maintains focus on growth strategies through continued investments in personnel, R&D, and facilities, positioning the company to navigate current market conditions while pursuing longer-term opportunities.

NORTH TONAWANDA, N.Y., Oct. 1, 2025 /PRNewswire/ -- Taylor Devices, Inc. (NASDAQ SmallCap: "TAYD") announced today that it had first quarter sales of $9,918,350, down from last year's first quarter sales of $11,617,856.

Net earnings for the first quarter were $2,190,084, also down from last year's first quarter earnings of $2,666,655.

"While our sales and net earnings for this fiscal year first quarter finished a bit down vs. the record highs we set last year, 15% and 18% respectively, the sales of $9.9M and net earnings of $2.2M achieved this year are both better than their averages over our past four fiscal year first quarters which are $9.5M and $1.4M respectively," stated Tim Sopko, CEO.  He continued, "The benefit of our market diversity can be seen once again with a near equal split of our first quarter sales between our Structural and Industrial product group customers vs. our Aerospace/Defense product group customers; 49% and 51% respectively."  He further commented, "Our Team continues to make excellent progress executing our Profitable Growth Campaigns as can be seen in our firm order backlog of $27.9M at the end of this quarter which is slightly up from the $27.1M we started this fiscal year with on June 1, 2025.  Additionally, world unrest is driving an increase in activity from our Aerospace/Defense market facing customers which is offsetting the continued headwinds we are experiencing in our Structural and Industrial markets due to economic uncertainties coupled with higher interest rates."  He concluded, "As our FY26 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 70-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 08/31/25 & 8/31/24)	Fiscal 2026	Fiscal 2025
Sales	$    9,918,350	$   11,617,856
Net Earnings	$    2,190,084	$     2,666,655
Earnings per Share	$             0.70	$              0.85
Shares Outstanding	3,146,140	3,118,975

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)
	main@reganproxy.com

 

View original content:https://www.prnewswire.com/news-releases/taylor-devices-announces-first-quarter-results-302572387.html

SOURCE Taylor Devices, Inc.

FAQ

What were Taylor Devices (TAYD) Q1 FY2026 earnings?

Taylor Devices reported Q1 FY2026 net earnings of $2.19 million ($0.70 per share), down 18% from $2.67 million ($0.85 per share) in Q1 FY2025.

How much revenue did TAYD generate in Q1 2026?

Taylor Devices generated $9.92 million in revenue for Q1 FY2026, a 15% decrease from $11.62 million in the same quarter last year.

What is Taylor Devices' current order backlog?

Taylor Devices reported a firm order backlog of $27.9 million at the end of Q1 FY2026, up from $27.1 million at the start of the fiscal year.

How is Taylor Devices' revenue split between different segments?

Taylor Devices' Q1 FY2026 revenue was nearly equally split between Structural/Industrial products (49%) and Aerospace/Defense products (51%).

What market challenges is Taylor Devices (TAYD) currently facing?

Taylor Devices is facing headwinds in its Structural and Industrial markets due to economic uncertainties and higher interest rates, though this is being offset by increased activity in the Aerospace/Defense segment.