#United States #Aerospace #Taylor Devices #TAYD #North Tonawanda

Taylor Devices Announces First Quarter Results

On October 2, 2026, Taylor Devices, Inc. (NASDAQ SmallCap: "TAYD") revealed its financial results for the first quarter of fiscal year 2027. In a year-on-year comparison, sales reached $7,300,239, a decline from $9,918,350 recorded during the same period the previous year. Additionally, net earnings saw a significant drop, amounting to $456,933, compared to $2,190,084 in the first quarter of fiscal year 2026.

CEO Tim Sopko addressed the company's performance, noting the impact of a substantial backlog, which peaked at $52.8 million at the end of the last fiscal period (FY26). Much of this backlog had been reported late in FY26’s fourth quarter, thus delaying sales recognition into the current quarter. This subsequently led to lower profitability for FY27 Q1, with the mix of product sales, including challenges in new product development efforts, further straining margin performance.

Sopko emphasized that the market dynamics had not changed significantly in recent quarters. The structural markets Taylor serves are facing ongoing challenges due to higher interest rates and unfavorable foreign exchange rates. Meanwhile, the company’s aerospace and defense sectors are experiencing growth, benefitting from global unrest and an uptick in relevant market activities.

Despite the current challenges reflected in sales, order intake for the quarter remained strong, bolstered by contributions from all three product groups. This has resulted in a firm order backlog hitting a record high of $55.2 million, a position that reflects market confidence in Taylor’s offerings and growth trajectory.

In terms of fiscal projections, Taylor Devices is poised to remain dedicated to its growth strategies, which are being fortified through continuous investments in their team, R&D initiatives, and production facilities. Sopko concluded that as fiscal year 2027 progresses, the company would keep pushing its focus towards expanding its operations, particularly in aerospace and defense, while also maintaining a strong presence in the global structural construction and industrial sectors.

The first quarter financial highlights include:

• - Sales: $7,300,239 (FY27) vs. $9,918,350 (FY26)
• - Net Earnings: $456,933 (FY27) vs. $2,190,084 (FY26)
• - Earnings per Share: $0.14 (FY27) vs. $0.70 (FY26)
• - Shares Outstanding: 3,227,434 (FY27) vs. 3,146,140 (FY26)

For ongoing updates, stakeholders are encouraged to visit Taylor Devices' official website at taylordevices.com and explore investor resources available at taylordevices.com/investors.

As Taylor Devices navigates through the current fiscal complexities, the company remains committed to leveraging its historical expertise and innovative capabilities to tackle emerging opportunities in the aerospace and structural sectors, ultimately fortifying its market position in the years ahead.