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Taylor Devices Reports First Quarter Results

Taylor Devices, Inc. has recently announced its financial performance for the first quarter of fiscal year 2026, revealing a notable decline in sales and earnings compared to the previous year. For the quarter ending August 31, 2025, the company recorded sales of $9,918,350, a decrease from $11,617,856 reported in the first quarter of fiscal year 2025. Similarly, net earnings fell to $2,190,084, down from $2,666,655 in the prior year.

Operational Insights

Tim Sopko, the company's CEO, addressed these figures, emphasizing the performance's alignment with the company's historical data. "Although we experienced a decline of 15% in sales and 18% in net earnings compared to last year’s record highs, it is worth noting that our current figures surpass the average results of the last four first fiscal quarters, which respectively recorded sales of $9.5 million and earnings of $1.4 million," stated Sopko.

He further elaborated on the significance of market diversity in sustaining sales, indicating a near-equal split of first quarter sales between their Structural and Industrial product group and the Aerospace/Defense product group, clocking in at 49% and 51% respectively.

Current Challenges and Future Outlook

The CEO articulated that despite the decrease, the firm order backlog has slightly improved to $27.9 million from $27.1 million at the start of the fiscal year on June 1, 2025. This growth in backlog demonstrates the ongoing demand for their products. He attributed the escalating activity from aerospace and defense customers partly to the prevailing global unrest, stating that it helps mitigate the economic challenges faced in the Structural and Industrial markets due to uncertainties and rising interest rates.

"As we progress through FY26, we are dedicated to our growth strategies, aided by investments in our team, research and development, and facilities," Sopko concluded.

About Taylor Devices, Inc.

Founded over 70 years ago, Taylor Devices, Inc. specializes in the design, development, and manufacturing of products that offer shock absorption, rate control, and energy storage solutions in various applications, including vehicles and machinery. The company continues to pursue growth in domestic aerospace and defense sectors while focusing on the global structural construction and industrial markets.

Financial Performance Overview

For more information about Taylor Devices and its products, visit the official website. Interested individuals can also find newsletters and other pertinent information on the investor relations page.