NORTH TONAWANDA, N.Y., March 31, 2026 /PRNewswire/ -- Taylor Devices, Inc. (NASDAQ SmallCap: "TAYD") announced today that it had 3(rd) quarter sales of $11,173,201, up from last year's 3(rd) quarter sales of $10,564,834 while sales for the 1(st) nine months were $32,695,023, also up from last year's 1(st) nine-month sales of $30,731,571.
Net earnings for the 3(rd) quarter were $2,498,140, up from last year's 3(rd) quarter net earnings of $2,002,245 with net earnings for the 1(st) nine months finishing at $6,696,848, also up from last year's net earnings for the 1(st) nine months of $5,725,060.
"While our FY26 3(rd) quarter and 1st nine-month sales both finished ahead of last year's levels respectively, the $32.7M also establishes a new high record for sales in the 1(st) nine-months of a fiscal year for our company, improving upon the prior record of $32.5M set in Q3 of our FY24," stated Tim Sopko, CEO. He continued, "Net earnings for the 3(rd) quarter and 1(st) nine months also finished better than last year's levels due to both higher sales volume and favorable sales mix." He further commented, "The six plus week US Government shutdown that occurred last fall and the resulting delays in contract awards continues to impact us as can be seen in our firm order backlog of $20.8M which is down from the $27.1M we had at the start of this fiscal year. While the headwinds we have been facing in our Structural and Industrial markets continued, we did receive our first Taylor Damped Moment Frame$(TM)$ (TDMF(TM)) order which will incorporate 40 of our Fluid Viscous Dampers (FVDs) into a medical building on the west coast of the US." He concluded, "As we enter the 4(th) and final quarter of our FY26, we will continue to focus on our growth strategies supported by our continued investments in our team, technologies (R&D) and facilities which we expect will continue to support our profitable growth going forward."
Taylor Devices, Inc. is a 70-year-old company engaged in the design, development, manufacture and marketing of shock absorption, rate control and energy storage devices for use in various types of vehicles, machinery, equipment and structures. The company continues to target growth in the domestic Aerospace and Defense market as well as global Structural Construction and Industrial markets.
3(rd) Quarter (3 months ended 02/28/26 & 02/28/25) F/Y 26 F/Y 25 ---------------------------------------------- -------------- -------------- Sales $ 11,173,201 $ 10,564,834 Net Earnings $ 2,498,140 $ 2,002,245 Earnings per Share $ 0.79 $ 0.64 Shares Outstanding 3,167,732 3,136,469 1(st) Nine months (ended 02/28/26 & 02/28/25) F/Y 26 F/Y 25 ---------------------------------------------- -------------- -------------- Sales $ 32,695,023 $ 30,731,571 Net Earnings $ 6,696,848 $ 5,725,060 Earnings per Share $ 2.12 $ 1.83 Shares Outstanding 3,156,936 3,127,722
Taylor's website can be visited at: www.taylordevices.com; with company newsletters and other pertinent information at www.taylordevices.com/investors.
Taylor Devices, Inc.
Contact: Artie Regan
Regan & Associates, Inc.
(212) 587-3005 (phone)
(212) 587-3006 (fax)
main@reganproxy.com
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SOURCE Taylor Devices, Inc.
(END) Dow Jones Newswires
March 31, 2026 08:22 ET (12:22 GMT)
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