#USA #Fiscal Year 2025 #Taylor Devices #TAYD #North Tonawanda

Financial Overview of Taylor Devices for Fiscal Year 2025

Taylor Devices, Inc. (NASDAQ SmallCap: "TAYD") recently disclosed its financial performance for the second quarter and the first half of fiscal year 2025. The results have shown a decrease in sales compared to the same period last year, a significant aspect that signals ongoing challenges faced by the company.

According to the report, sales for the second quarter reached $8,548,881, which represents a decline from $10,339,875 in the second quarter of fiscal year 2024. This downturn reflects broader market challenges that have impacted Taylor Devices’ sales trajectory. During the first half of fiscal year 2025, total sales amounted to $20,166,737, only slightly down from $20,263,503 recorded in the first half of the previous year.

Earnings Performance

The earnings performance mirrors the sales figures, revealing a drop in net earnings. The second quarter reported a net income of $1,056,160, a notable decrease from $1,981,348 experienced in the same quarter last year. However, for the first half of the fiscal year, net earnings totaled $3,722,815, slightly lower than the $3,829,211 earned during the first half of 2024.

Tim Sopko, the CEO of Taylor Devices, provided insights into these results, asserting that the firm’s sales for the first half of fiscal year 2025 represented the second highest total in the company's history. He emphasized that although the second quarter reflected a decline in sales and earnings, the first half's performance was commendable, being in close proximity to last year’s record numbers.

Operational Highlights

Despite the downturn in sales and earnings, Taylor Devices has seen a positive development in its order backlog, which increased to $34.5 million from $33.1 million at the beginning of the fiscal year. This uptick in backlog places the company in a strong position moving forward as they navigate through the projected sales outflow.

Looking ahead to the second half of fiscal year 2025, Sopko indicated that the company remains committed to pursuing opportunities, particularly in markets where its custom-engineered products are critical. Taylor Devices focuses primarily on three sectors: Aerospace/Defense, Structural, and Industrial. Sopko expressed confidence that these markets would sustain the company’s profitable growth trajectory.

Company Profile

Established 69 years ago, Taylor Devices is recognized for its engineering proficiency in designing and manufacturing shock absorption, rate control, and energy storage devices. These products are widely used across various modes of transportation, machinery, equipment, and structural applications. The company’s continued emphasis on growth within the domestic Aerospace and Defense sectors as well as in global Structural Construction and Industrial markets underlines its strategic direction in an evolving business landscape.

For further information and access to their full financial results, visit Taylor Devices, Inc..