#USA #NASDAQ #Taylor Devices #TAYD #North Tonawanda

Taylor Devices Reports Q3 and Nine-Month Results

NORTH TONAWANDA, N.Y. – Taylor Devices, Inc. (NASDAQ SmallCap: "TAYD") has recently released its financial results for the third quarter and first nine months of fiscal year 2025, marking a notable decrease in both sales and earnings when compared to the same period last year. The company reported third-quarter sales of $10,564,834, which is a decline from $12,254,093 in the same quarter of the previous year.

In addition, sales for the first nine months amounted to $30,731,571, down from $32,517,596 achieved in the prior year. The downturn in earnings reflects broader challenges in the market, with net earnings for the third quarter falling to $2,002,245 from $2,696,921 last year, while first nine-month earnings also slipped to $5,725,060 from $6,526,132.

CEO Tim Sopko acknowledged that while the recent figures are less than the record highs observed in the previous fiscal year, the current sales figures still outpace those in FY23's second-highest first nine months sales of $29.5M. He attributed the decline to lower sales volumes but highlighted the advantages of the company's ongoing efforts in continuous improvement that have positively impacted gross margins, despite changes in the product mix.

Sopko further emphasized the resilient positioning of Taylor Devices in light of the current economic adversities, which include elevated interest rates and the ongoing effects of the U.S. Government's Continuing Resolution. He reassured stakeholders that the company's commitment to market diversification and strategic targeting of stable and expanding markets is reflected in a strong order backlog, which stands at $33.3M as of the end of February, an increase from $30.2M at the same time last year.

Looking ahead into the fourth quarter of FY25, Sopko has expressed an optimistic outlook, citing the company’s focus on growth strategies supported by continued investments in personnel, research and development, and facility enhancements, as crucial elements for maintaining profitable growth in the future.

Taylor Devices, a well-established firm dating back 69 years, specializes in designing, developing, manufacturing, and marketing advanced shock absorption, rate control, and energy storage devices utilized across various vehicles, machinery, and structures. The company maintains its strategic focus on growth within the domestic aerospace and defense sectors, alongside global markets for structural construction and industrial needs.

In summary, the latest financial results from Taylor Devices underline the challenges posed by a shifting market landscape, while also showcasing the company’s commitment to innovation and growth—a determination that stakeholders look forward to in the closing months of the fiscal year. For more information, the company’s complete reports and updates can be accessed via Taylor Devices' website.