Taylor Devices (TAYD) Q4 EPS Up 36% Y/Y on Defense Segment Growth

Core Insights - Taylor Devices, Inc. reported a strong fourth quarter for fiscal 2024, with earnings per share (EPS) of 80 cents, up from 59 cents in the same quarter last year [1] - The company achieved quarterly revenues of $12.1 million, reflecting a 12.6% year-over-year increase from $10.7 million in Q4 2023 [2] - The Aerospace/Defense segment was a key growth driver, benefiting from sustained demand, while the Structural segment faced challenges due to macroeconomic factors [3] Financial Performance - The net income for Q4 2024 was $2.5 million, a 19.7% increase from $2.1 million in Q4 2023, driven by improved operational efficiency and strategic pricing [4] - The number of shares outstanding decreased to 3.1 million from 3.5 million in the prior-year quarter, positively impacting EPS [5] - For the full fiscal year 2024, sales reached $44.6 million, a 10.9% increase from $40.2 million in the previous year, with net income growing 43% to $9 million from $6.3 million [7] Order Backlog and Market Outlook - The company reported a record order backlog of $33.1 million entering fiscal year 2025, slightly surpassing the previous record of $32.5 million, indicating strong revenue visibility and demand stability in key markets [6]