Aerospace Demand Drives Taylor Devices' Y/Y Earnings Growth in Q1

Core Insights - Taylor Devices, Inc. reported record-breaking revenues and net earnings for Q1 fiscal 2025, with EPS rising to 85 cents, a 63.5% increase from 52 cents in the prior-year quarter [1][7] - First-quarter sales grew by 17% year-over-year, reaching $11.6 million compared to $9.9 million in Q1 fiscal 2024, driven primarily by the Aerospace/Defense markets [2][3] - The company’s net earnings surged 44% year-over-year, increasing from $1.9 million in Q1 fiscal 2024 to $2.7 million in Q1 fiscal 2025, reflecting successful growth strategies [5] Business Performance - The strong business momentum is attributed to steady performance across three key product groups: Aerospace/Defense, Structural, and Industrial, with Aerospace/Defense being the primary growth driver [3][4] - Despite challenges in the Structural market due to high interest rates and adverse foreign exchange conditions, the company maintained solid order flow, ensuring a robust order book [4] Key Metrics - The order backlog at the end of Q1 fiscal 2025 was $28.4 million, slightly up from $28.3 million in Q1 fiscal 2024, indicating healthy demand, particularly in Aerospace/Defense [6] - The increase in EPS was also supported by a reduction in shares outstanding from 3.52 million to 3.12 million, reflecting management's confidence in the company's long-term financial health [7]