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TAYLOR DEVICES ANNOUNCES THIRD QUARTER AND NINE-MONTH RESULTS INCLUDING RECORD HIGH NINE-MONTH SALES
Prnewswire· 2026-03-31 12:22
Core Insights - Taylor Devices, Inc. reported record high sales for the first nine months of fiscal year 2026, reaching $32,695,023, an increase from $30,731,571 in the previous year [1][5] - The company’s net earnings for the third quarter were $2,498,140, up from $2,002,245 in the same quarter last year, with total net earnings for the first nine months at $6,696,848, compared to $5,725,060 previously [2][5] - CEO Tim Sopko highlighted the impact of a US Government shutdown on contract awards, resulting in a firm order backlog of $20.8 million, down from $27.1 million at the start of the fiscal year [3] Financial Performance - Third Quarter Sales: $11,173,201, up from $10,564,834 year-over-year [4] - Third Quarter Net Earnings: $2,498,140, compared to $2,002,245 last year [2][4] - Earnings per Share for the Third Quarter: $0.79, an increase from $0.64 [4] - First Nine Months Sales: $32,695,023, an increase from $30,731,571 [5] - First Nine Months Net Earnings: $6,696,848, up from $5,725,060 [2][5] - Earnings per Share for the First Nine Months: $2.12, compared to $1.83 last year [5] Strategic Focus - The company aims to continue its growth strategies through investments in team, technologies (R&D), and facilities [3] - Taylor Devices is targeting growth in the domestic Aerospace and Defense market as well as global Structural Construction and Industrial markets [3]