TAYLOR DEVICES ANNOUNCES THIRD QUARTER AND NINE-MONTH RESULTS INCLUDING RECORD HIGH NINE-MONTH SALES

Taylor Devices (NASDAQ: TAYD) reported FY26 3rd quarter sales of $11.17M versus $10.56M a year earlier and record 1st nine-month sales of $32.70M versus $30.73M last year.

Rhea-AI Summary

Taylor Devices (NASDAQ: TAYD) reported FY26 3rd quarter sales of $11.17M versus $10.56M a year earlier and record 1st nine-month sales of $32.70M versus $30.73M last year. Q3 net earnings were $2.50M and 1st nine-month net earnings were $6.70M.

The company noted a reduced firm order backlog of $20.8M (from $27.1M) after US government shutdown delays, and highlighted its first TDMF order incorporating 40 Fluid Viscous Dampers into a west-coast medical building.

Positive

• Record 1st nine-month sales of $32.7M
• 1st nine-month net earnings up to $6.697M (+17% YoY)
• 1st nine-month EPS $2.12 (up ~15.8% YoY)

Negative

• Firm order backlog declined to $20.8M (down from $27.1M, ~23%)
• Six-plus week US government shutdown caused contract award delays impacting backlog

Argus Mar 31 session

-20.93% close to close Open Argus

Details

News Market Reaction – TAYD

In the Mar 31 session, TAYD declined 20.93%, reflecting a significant negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

The stock dropped -20.9% in the session following this news. A negative reaction despite higher sale...

Analysis

The stock dropped -20.9% in the session following this news. A negative reaction despite higher sales and earnings fits prior patterns where Taylor Devices’ stock fell after updates that highlighted strong fundamentals. The latest report shows record nine‑month sales of $32.7M and better net earnings, but also a backlog decline from $27.1M to $20.8M and persistent Structural and Industrial headwinds. Such mixed signals can contribute to profit‑taking or reassessment of growth visibility, especially after a strong multi‑quarter uptrend versus the $55.84 200‑day MA.

Key Figures

Q3 FY26 Sales: $11,173,201 Q3 FY25 Sales: $10,564,834 Nine‑Month FY26 Sales: $32,695,023 +5 more

Q3 FY26 Sales

$11,173,201

Third quarter sales for fiscal year 2026

Q3 FY25 Sales

$10,564,834

Third quarter sales for fiscal year 2025

Nine‑Month FY26 Sales

$32,695,023

First nine months sales FY2026 (record high)

Nine‑Month FY26 Net Earnings

$6,696,848

Net earnings for first nine months FY2026

Q3 FY26 EPS

$0.79

Earnings per share for third quarter FY2026

Nine‑Month FY26 EPS

$2.12

Earnings per share for first nine months FY2026

Order Backlog Current

$20.8M

Firm order backlog during FY26 third quarter commentary

Order Backlog Start FY26

$27.1M

Firm order backlog at the start of the fiscal year

Historical Context

2 past events · Latest: Dec 31

2 events

1. Dec 31

   Earnings update

   24h Move

   -7.2%

   Record FY26 Q2 and first-half sales and earnings with detailed EPS metrics.

2. Oct 01

   Earnings update

   24h Move

   -5.1%

   Q1 FY26 sales and net earnings declined versus prior year despite above-average levels.

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

Key Terms

firm order backlog, fluid viscous dampers (fvds)

2 terms

firm order backlog financial

"can be seen in our firm order backlog of $20.8M which is down from the $27.1M"

Firm order backlog is the total value of confirmed customer orders a company has agreed to deliver but has not yet completed or counted as sales. It matters to investors because it represents a visible pipeline of future revenue and workload — like a workshop with a queue of paid-for jobs — and helps assess demand strength, cash flow potential, and the risk that deliveries or payments could be delayed or canceled.

fluid viscous dampers (fvds) technical

"order which will incorporate 40 of our Fluid Viscous Dampers (FVDs) into a medical building"

Fluid viscous dampers (FVDs) are mechanical devices filled with a thick liquid that absorb and dissipate motion energy, similar to the shock absorbers on a car. They reduce sway and shock in structures and equipment during events like earthquakes or high winds, lowering the chance of damage. Investors care because FVDs can protect asset value, cut repair and downtime costs, and influence insurance premiums and regulatory compliance for buildings and infrastructure.

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

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NORTH TONAWANDA, N.Y., March 31, 2026  /PRNewswire/ -- Taylor Devices, Inc. (NASDAQ SmallCap: "TAYD") announced today that it had 3^rd quarter sales of $11,173,201, up from last year's 3^rd quarter sales of $10,564,834 while sales for the 1^st nine months were $32,695,023, also up from last year's 1^st nine-month sales of $30,731,571.

Net earnings for the 3^rd quarter were $2,498,140, up from last year's 3^rd quarter net earnings of $2,002,245 with net earnings for the 1^st nine months finishing at $6,696,848, also up from last year's net earnings for the 1^st nine months of $5,725,060.

"While our FY26 3^rd quarter and 1st nine-month sales both finished ahead of last year's levels respectively, the $32.7M also establishes a new high record for sales in the 1^st nine-months of a fiscal year for our company, improving upon the prior record of $32.5M set in Q3 of our FY24," stated Tim Sopko, CEO.  He continued, "Net earnings for the 3^rd quarter and 1^st nine months also finished better than last year's levels due to both higher sales volume and favorable sales mix."  He further commented, "The six plus week US Government shutdown that occurred last fall and the resulting delays in contract awards continues to impact us as can be seen in our firm order backlog of $20.8M which is down from the $27.1M we had at the start of this fiscal year.     While the headwinds we have been facing in our Structural and Industrial markets continued, we did receive our first Taylor Damped Moment Frame™ (TDMF™) order which will incorporate 40 of our Fluid Viscous Dampers (FVDs) into a medical building on the west coast of the US."  He concluded, "As we enter the 4^th and final quarter of our FY26, we will continue to focus on our growth strategies supported by our continued investments in our team, technologies (R&D) and facilities which we expect will continue to support our profitable growth going forward."   

Taylor Devices, Inc. is a 70-year-old company engaged in the design, development, manufacture and marketing of shock absorption, rate control and energy storage devices for use in various types of vehicles, machinery, equipment and structures.  The company continues to target growth in the domestic Aerospace and Defense market as well as global Structural Construction and Industrial markets. 

3rd Quarter (3 months ended 02/28/26 & 02/28/25)	F/Y 26	F/Y 25
Sales	$    11,173,201	$  10,564,834
Net Earnings	$     2,498,140	$    2,002,245
Earnings per Share	$              0.79	$             0.64
Shares Outstanding	3,167,732	3,136,469
1st Nine months (ended 02/28/26 & 02/28/25)	F/Y 26	F/Y 25
Sales	$   32,695,023	$   30,731,571
Net Earnings	$     6,696,848	$     5,725,060
Earnings per Share	$              2.12	$              1.83
Shares Outstanding	3,156,936	3,127,722

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-third-quarter-and-nine-month-results-including-record-high-nine-month-sales-302729991.html

SOURCE Taylor Devices, Inc.

FAQ

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

What were Taylor Devices (TAYD) 3rd quarter sales and net earnings for March 31, 2026?

Sales for FY26 Q3 were $11,173,201 and net earnings were $2,498,140. According to the company, Q3 sales rose versus FY25 and net earnings improved due to higher volume and a favorable sales mix.

Why did Taylor Devices report a lower firm order backlog on March 31, 2026?

The firm order backlog fell to $20.8M from $27.1M primarily due to contract award delays. According to the company, a six-plus week US government shutdown last fall delayed awards and reduced backlog.

What makes the FY26 nine-month sales report for TAYD notable on March 31, 2026?

The company reported a record $32.695M in nine-month sales, the highest first nine-month total in company history. According to the company, this surpasses the prior nine-month record of $32.5M set in FY24.

How did Taylor Devices' profitability change through the first nine months ended February 28, 2026?

First nine-month net earnings increased to $6.6968M versus $5.7251M a year earlier, reflecting higher sales and favorable mix. According to the company, these factors drove improved profitability year-over-year.

Did Taylor Devices announce any new product or project orders on March 31, 2026?

Yes. The company received its first Taylor Damped Moment Frame (TDMF) order to include 40 Fluid Viscous Dampers in a west-coast medical building. According to the company, this marks an initial structural application for TDMF technology.

What risks or headwinds did Taylor Devices cite in the March 31, 2026 results?

The company cited ongoing headwinds in Structural and Industrial markets and government-related award delays. According to the company, these factors reduced backlog and may affect near-term order timing.