TAYLOR DEVICES ANNOUNCES FIRST QUARTER RESULTS

Record firm order backlog contrasts with lower quarterly sales, net earnings and earnings per share.

Rhea-AI Summary

Taylor Devices (TAYD) reported lower fiscal 2027 first-quarter sales and net earnings for the three months ended August 31, 2026. Sales fell to $7,300,239 from $9,918,350 a year earlier, while net earnings declined to $456,933 from $2,190,084. Earnings per share decreased to $0.14 from $0.70.

Firm order backlog reached a company record of $55.2 million, compared with $52.8 million at fiscal 2026 year-end. The company attributed delayed sales recognition to orders arriving late in fiscal 2026's fourth quarter, and weaker profitability to lower sales volume, product mix and new product development efforts. All three product groups contributed to quarterly order intake. Taylor continues investing in its team, research and development, and facilities to support its growth strategies.

3 points · 0 major

NegativeiHow this balance works

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0 major · 6 points

How the balance works

Positive

• Moderate pointFirm order backlog reached a company record of $55.2M, versus $52.8M at fiscal 2026 year-end.
• Minor pointQuarterly order intake received contributions from all three product groups.
• Minor pointTaylor continues team, R&D and facilities investments to support its growth strategies.

Negative

• Moderate pointFirst-quarter sales fell to $7,300,239 from $9,918,350 in the prior-year quarter.
• Moderate pointFirst-quarter net earnings declined to $456,933 from $2,190,084 in the prior-year quarter.
• Minor pointFirst-quarter earnings per share fell to $0.14 from $0.70 a year earlier.
• Minor pointShares outstanding increased to 3,227,434 from 3,146,140 in the prior-year quarter.
• Minor pointLate fiscal 2026 fourth-quarter orders pushed associated sales recognition beyond fiscal 2027's first quarter, Taylor said.
• Minor pointProduct mix, including new product development efforts, challenged quarterly margins, Taylor said.

Argus 15 min delay 5 alerts

-8.62% vs previous close $55.84 last price 0.1x rel. volume Open Argus

Details

Market move: TAYD -8.62% vs previous close. 1Q27 earnings report

-10.5% Trough in 24 min

$55.84 – $61.29 Day Range

$180.08M Market Cap

On Oct 2, the day this news came out, the latest delayed price for TAYD is 8.62% below the previous close. Argus tracked a trough of -10.5% from its starting point during tracking. Our momentum scanner has recorded 5 alerts for this stock so far that day. The latest delayed price is $55.84.

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Key Figures

First-quarter sales: $7,300,239 Net earnings: $456,933 Earnings per share: $0.14 +1 more

First-quarter sales

$7,300,239

FY27 Q1; down from $9,918,350 in FY26 Q1

Net earnings

$456,933

FY27 Q1; down from $2,190,084 in FY26 Q1

Earnings per share

$0.14

FY27 Q1; compared with $0.70 in FY26 Q1

Firm order backlog

$55.2M

FY27 Q1; new company record high

Previous Earnings Reports

1 past event · Latest: Oct 01

Same Type 1 event

1. Oct 01

   First-quarter earnings

   24h Move

   -5.1%

   Prior Q1 sales and earnings declined year over year, with a $27.9 million backlog.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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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)
	main@reganproxy.com

 

View original content:https://www.prnewswire.com/news-releases/taylor-devices-announces-first-quarter-results-302897114.html

SOURCE Taylor Devices, Inc.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What were Taylor Devices' fiscal 2027 first-quarter earnings results?

For the three months ended August 31, 2026, Taylor Devices reported sales of $7,300,239, net earnings of $456,933 and earnings per share of $0.14. The prior-year quarter recorded sales of $9,918,350, net earnings of $2,190,084 and earnings per share of $0.70.

How much firm order backlog did Taylor Devices report with its fiscal 2027 first-quarter results?

Taylor Devices reported a company-record firm order backlog of $55.2M, compared with $52.8M at fiscal 2026 year-end. All three product groups contributed to order intake during the quarter.