Shock Absorption and Energy Storage Device Manufacturing
Search documents
TAYLOR DEVICES ANNOUNCES FISCAL YEAR 2026 SECOND QUARTER AND FIRST HALF RESULTS INCLUDING RECORD HIGH SALES FOR BOTH THE SECOND QUARTER AND FIRST HALF
Prnewswire· 2025-12-31 13:30
Financial Performance - Taylor Devices, Inc. reported 2nd quarter sales of $11,603,472, a significant increase from $8,548,881 in the same quarter last year, marking a year-on-year growth of approximately 36% [1][4] - Net earnings for the 2nd quarter reached $2,008,624, up from $1,056,160 in the previous year, representing an increase of about 90% [2][4] - For the first half of the fiscal year, sales totaled $21,521,822, compared to $20,166,737 in the prior year, reflecting a growth of approximately 6.7% [1][4] - Net earnings for the first half were $4,198,708, an increase from $3,722,815 year-on-year, which is about 12.8% growth [2][4] Operational Highlights - The CEO, Tim Sopko, noted that the company achieved a record high in 2nd quarter sales at $11.6 million, surpassing the previous record of $10.5 million set in FY23 [3] - The first half sales also set a new record at $21.5 million, exceeding the prior record of $20.3 million from FY24 [3] - The firm order backlog stands at $25.1 million, slightly down from $27.1 million at the beginning of the fiscal year, attributed to timing variances in order receipt and delivery [3] Market Focus - The company continues to target growth in the Aerospace/Defense market, as well as the global Structural Construction and Industrial markets [3] - Increased activity from Aerospace/Defense customers is helping to mitigate challenges faced by Structural and Industrial market customers [3]