TAYLOR DEVICES ANNOUNCES FIRST QUARTER RESULTS
PR Newswire•02/10/2026•08:15 ET
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Key Highlights
- ➤Q1 sales $7,300,239, down from $9,918,350 year over year
- ➤Q1 net earnings $456,933, down from $2,190,084 year over year
- ➤Q1 earnings per share $0.14, down from $0.70
- ➤Firm order backlog $55.2M, setting a new company record high
- ➤FY27 Q1 profitability pressured by lower sales volume and product mix
Expert Statements
Tim Sopko, CEO of Taylor Devices
“While we finished last fiscal year, FY26, with a record high backlog of $52.8M, the fact that much of it arrived later in FY26 Q4 ended up pushing the associated sales recognition out of this quarter, FY27 Q1,”
Tim Sopko, CEO of Taylor Devices
“This lower sales volume in turn negatively impacted our FY27 Q1 profitability with product sales mix, including new product development efforts, further challenging our margin performance in the quarter.”
Tim Sopko, CEO of Taylor Devices
“Market dynamics remain largely unchanged from recent quarters with our Structural markets continuing to face headwinds driven by higher interest and unfavorable foreign exchange rates while our Aerospace/Defense markets enjoy tailwinds driven by world unrest.”
Tim Sopko, CEO of Taylor Devices
“Order intake for the quarter, with all three of our product groups contributing, was robust as can been seen in our firm order backlog of $55.2M, which also sets a new record high for our company.”
Tim Sopko, CEO of Taylor Devices
“As our FY27 continues, we remain focused on our growth strategies supported by our continued investments in our Team, technologies (R&D) and facilities.”
NORTH TONAWANDA, N.Y., Oct. 2, 2026 /PRNewswire/ -- Taylor Devices, Inc. (NASDAQ SmallCap: "TAYD") announced today that it had first quarter sales of $7,300,239, down from last year's first quarter sales of $9,918,350.
Net earnings for the first quarter were $456,933, also down from last year's first quarter earnings of $2,190,084.
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