Taylor Devices reports Q1 EPS 85c vs. 52c last year
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 27 2024
0mins
Q1 Revenue Growth: The company reported Q1 revenue of $11.62M, a 17% increase from last year, with net earnings rising by 44%, attributed to strong performance in Aerospace/Defense and disciplined focus on growth strategies.
Order Backlog Improvement: The firm order backlog at the end of Q1 was $28.4M, slightly up from $28.3M last year and significantly higher than the average of $21.9M over the past five fiscal years, indicating positive momentum despite challenges in Structural markets.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy TAYD?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
Analyst Views on TAYD
About TAYD
Taylor Devices, Inc. is engaged in the design, development, manufacture & marketing of shock absorption, rate control and energy storage devices for use in various types of vehicles, machinery, equipment & structures. It targets domestic aerospace and defense market as well as global structural construction and industrial markets. Its product categories include Seismic Dampers, Fluidicshoks, Crane and Industrial Buffers, Self-Adjusting Shock Absorbers, Liquid Die Springs, Vibration Dampers, Machined Springs, Custom Shock and Vibration Isolators, and Custom Actuators. Seismic Dampers are designed to mitigate the effects of earthquakes on structures. Fluidicshoks are small, compact shock absorbers with up to 19,200 inch-pound capacities. Liquid Die Springs are used as component parts of machinery and equipment used in the manufacture of tools and dies. Vibration Dampers are used to control the response of electronics and optical systems subjected to air, ship, or spacecraft vibration.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Taylor Devices Reports 90% Profit Increase to $2.008 Million in Q2
- Significant Profit Growth: Taylor Devices reported a net profit of $2.008 million in Q2, a remarkable 90% increase from last year's $1.056 million, indicating strong improvements in the company's profitability and reflecting the effectiveness of its business model.
- Earnings Per Share Increase: The earnings per share rose from $0.34 last year to $0.64, an increase of 88.2%, which not only boosts investor confidence but may also attract more institutional investors to the stock.
- Substantial Revenue Growth: The company's revenue surged by 35.7% to $11.603 million compared to $8.548 million last year, demonstrating robust market demand that has driven overall performance improvements.
- Optimistic Market Outlook: With both revenue and profit growth, Taylor Devices showcases its competitiveness in the industry, and is poised to further enhance its performance through ongoing innovation and market expansion.
Continue Reading
Taylor Devices Reports Record $11.6M Q2 Sales, Up 36% Year-over-Year
- Record Sales Performance: Taylor Devices achieved $11.6 million in Q2 sales, a 36% increase from last year's $8.5 million, marking a historic high for the company and reflecting strong market performance and growth potential.
- Profitability Improvement: The net earnings for Q2 reached $2 million, up 90% from last year's $1.1 million, primarily driven by increased sales volume and efficient execution, further solidifying the company's profitability foundation.
- Strong First Half Performance: For the first half of FY26, sales totaled $21.5 million, a 7.1% increase from last year's $20.2 million, demonstrating the company's ability to maintain solid performance in a growing market.
- Order Backlog Situation: Although the current order backlog stands at $25.1 million, down from $27.1 million at the beginning of the fiscal year, the active orders from Aerospace and Defense market customers continue to support the company's future growth prospects.
Continue Reading