Company Announcements

NORTH TONAWANDA, N.Y. , Dec. 31, 2025 /PRNewswire/ -- Taylor Devices, Inc. (NASDAQ SmallCap: "TAYD") announced today that it had 2^nd quarter sales of $11,603,472, up significantly from last year's 2^nd quarter sales of $8,548,881 while sales for the 1^st half of the fiscal year were $21,521,822, also up from last year's 1^st half sales of $20,166,737.

Net earnings for the 2^nd quarter were $2,008,624, up substantially from last year's 2^nd quarter net earnings of $1,056,160 with net earnings for the 1^st half finishing at $4,198,708, also up from last year's 1^st half net earnings of $3,722,815.

"Exceptional execution by our Team this past quarter resulted in a new high record for sales in a 2^nd quarter for our company at $11.6M, which bested our prior record of $10.5M set in FY23,"  stated Tim Sopko, CEO.  He continued, "This contributed to a new high record for sales in a first half of our company's fiscal years at $21.5M, besting our prior record of $20.3M set in FY24."  He further commented, "Earnings for both the 2^nd quarter and 1^st half were also up year-on-year, 90% and 13% respectfully, due predominantly to both higher sales volume and efficient execution." He continued, "While our firm order backlog of $25.1M is down slightly from the $27.1M it was at the start of this fiscal year, due primarily to our order receipt timing vs. delivery variability, the increased activity from our Aerospace/Defense market customers continues to offset the headwinds that our Structural and Industrial market customers are experiencing."  He concluded, "As we enter the 2^nd half of our FY26, supported by our recently completed Development Lab, we will continue to aggressively target opportunities where our custom engineered products are critically needed and valued by our customers in all three of our chosen markets; Aerospace/Defense, Structural and Industrial, which we expect will continue to support our profitable growth going forward."   

Taylor Devices, Inc. is a 70-year-old company engaged in the design, development, manufacture and marketing of shock absorption, rate control and energy storage devices for use in various types of vehicles, machinery, equipment and structures.  The company continues to target growth in the domestic Aerospace and Defense market as well as global Structural Construction and Industrial markets.

Taylor's website can be visited at: www.taylordevices.com; with company newsletters and other pertinent information at www.taylordevices.com/investors.

Taylor Devices, Inc.

 

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SOURCE Taylor Devices, Inc.