Taylor Devices Reports Year-End Results Despite Lower Sales in FY26

Taylor Devices Reports FY26 Results

Taylor Devices, Inc. (NASDAQ SmallCap: TAYD) has shared its financial performance for the fourth quarter (Q4) and fiscal year 26, indicating a significant drop in sales compared to the previous year. The company's Q4 sales totaled $8,954,650, a stark decrease from $15,561,154 in the same quarter last year. This downturn reflects broader trends affecting industries like non-Aerospace/Defense, Structural, and Industrial markets.

In total, Taylor Devices reported annual sales of $41,649,673 for FY26, down from $46,292,725 in FY25. Correspondingly, net income for the fourth quarter fell to $1,866,826, compared to last year's $3,688,076. The overall net income for the fiscal year also experienced a decline, landing at $8,563,674, down from $9,413,136 in FY25.

CEO Tim Sopko explained that the diminished sales figures were largely due to delays in order placements by customers. Such delays pushed the potential of converting pending orders into sales beyond the fiscal year, impacting overall performance. Despite this struggle with lower sales, the company demonstrated strong cost management, achieving a gross margin percentage of 44%, slightly lower than the previous year's 46%.

"Our team has excelled in managing costs despite facing headwinds from higher interest rates and unfavorable foreign exchange rates, especially in Structural markets," Sopko noted. "However, we have observed a positive surge in our Aerospace/Defense market, which has balanced out some of these challenges."

Notably, Taylor Devices achieved a remarkable milestone with a firm order backlog of $52.8 million, a record for the company in a fiscal year, surpassing the previous record of $33.1 million set in FY24. Sopko highlighted the significance of a discrete $19 million order within this backlog, marking the largest single order in the company's 71-year history.

Looking forward, as Taylor Devices enters FY27, the company is keen on leveraging its New Product Development Lab, fostering continued investments in its team, technologies, and infrastructure. This strategic focus is expected to support the company’s objective of achieving profitable growth well into the future.

Founded in 1955, Taylor Devices has established itself as a leader in the design, development, manufacture, and marketing of advanced shock absorption, rate control, and energy storage devices utilized in a vast range of vehicles, machinery, and structures. With an emphasis on the Aerospace and Defense sectors, Taylor Devices seeks to expand its reach in structural construction and industrial markets globally.

For further engagement and information, Taylor Devices encourages stakeholders and interested parties to explore its official website: www.taylordevices.com.