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TAYLOR DEVICES ANNOUNCES RECORD HIGH FOURTH QUARTER AND FULL YEAR SALES AND PROFIT FOR FISCAL YEAR 2025
Prnewswire· 2025-08-15 11:01
Financial Performance - Taylor Devices, Inc. reported 4th quarter sales of $15,561,154, an increase from $12,065,211 in the same quarter last year, marking a growth of approximately 29.5% [1][4] - Full year sales reached $46,292,725, up from $44,582,807, representing a year-on-year increase of about 3.8% [1][4] Net Income - The net income for the 4th quarter was $3,688,076, significantly higher than last year's $2,472,630, reflecting an increase of approximately 48.9% [2][4] - For the fiscal year, net income was $9,413,136, compared to $8,998,762 the previous year, indicating a growth of about 4.6% [2][4] Earnings Per Share - Earnings per share for the 4th quarter increased to $1.17 from $0.80, showing a rise of approximately 46.3% [4] - For the full fiscal year, earnings per share rose to $3.01 from $2.68, which is an increase of about 12.3% [4] Market Segments - The company noted that all three customer-facing product groups—Aerospace/Defense, Structural, and Industrial—contributed positively to the results, with Aerospace/Defense and Industrial markets showing positive momentum [3] - The Structural market faced challenges due to higher interest rates and unfavorable foreign exchange rates [3] Order Backlog and Future Outlook - The firm order backlog stood at $27.1 million as the company entered FY26, indicating a strong position for future growth [3] - Continued investments in personnel, technology, processes, and facilities are expected to support ongoing profitable growth [3]