TAYLOR DEVICES ANNOUNCES FIRST QUARTER RESULTS

Core Insights - Taylor Devices, Inc. reported first quarter sales of $11,617,856, a 17% increase from $9,923,628 in the same period last year [1][2] - Net earnings for the first quarter reached $2,666,655, representing a significant 44% increase from $1,847,863 in the previous year [1][2] - The company set new records for both sales and net earnings in this quarter, driven by strong performance in the Aerospace/Defense sector [2] Financial Performance - First quarter sales for fiscal 2024 were $9,923,628, while the current quarter sales are $11,617,856 [3] - Net earnings increased from $1,847,863 to $2,666,655 year-on-year [1][3] - Earnings per share for the previous year was $0.52, with shares outstanding at 3,520,910 [3] Market and Strategic Focus - The Aerospace/Defense market continues to show favorable momentum, helping to offset challenges in the Structural markets due to high interest rates and unfavorable foreign exchange rates [2] - The firm order backlog at the end of Q1 was $28.4 million, slightly up from $28.3 million in the previous year and significantly above the five-year average of $21.9 million [2] - The company remains committed to growth strategies through investments in team, technologies, and facilities [2]