TAYLOR DEVICES ANNOUNCES FISCAL YEAR 2026 SECOND QUARTER AND FIRST HALF RESULTS INCLUDING RECORD HIGH SALES FOR BOTH THE SECOND QUARTER AND FIRST HALF
MWN-AI** Summary
Taylor Devices, Inc. (NASDAQ: TAYD) has reported impressive financial results for the second quarter and first half of its fiscal year 2026, with record sales figures. For the second quarter ending November 30, 2025, the company achieved sales of $11,603,472, a remarkable increase of 36.6% compared to $8,548,881 in the same period last year. The first half of fiscal year 2026 also showed strong growth, with total sales reaching $21,521,822, up from $20,166,737 in the prior year.
Net earnings for the quarter surged dramatically to $2,008,624, which represents a 90% year-over-year improvement from $1,056,160 in the second quarter of fiscal year 2025. The first half net earnings rose to $4,198,708, compared to $3,722,815 in the previous year, reflecting a 13% increase.
CEO Tim Sopko attributed these record results to exceptional execution by the Taylor Devices team, highlighting the company's commitment to growth and efficiency. He noted that despite a slight decline in the firm order backlog, currently at $25.1 million compared to $27.1 million at the start of the fiscal year, ongoing demand from Aerospace/Defense customers is mitigating challenges faced by the Structural and Industrial sectors.
As Taylor Devices moves into the second half of fiscal year 2026, the company aims to leverage its newly completed Development Lab to pursue opportunities across its targeted markets, which include Aerospace/Defense, Structural, and Industrial. With a history of 70 years in the industry, the company remains focused on delivering innovative shock absorption, rate control, and energy storage solutions to meet customer needs and support sustained profitability.
MWN-AI** Analysis
In the latest financial results, Taylor Devices, Inc. (NASDAQ: TAYD) has demonstrated strong growth with record high sales in both the second quarter and the first half of fiscal year 2026. The company reported second-quarter sales of $11.6 million, a substantial rise from $8.5 million year-over-year. This robust performance is attributed to efficient operational execution and heightened demand in their primary markets: Aerospace/Defense, Structural, and Industrial sectors.
The net earnings for the second quarter reached $2 million, reflecting a remarkable 90% increase compared to the prior year. For the first half of FY26, earnings climbed to $4.2 million, up from $3.7 million. The continued strong performance underscores the company’s competitive edge and operational efficiency, particularly in response to growing activities in the Aerospace and Defense market.
Despite a slight decrease in backlog from $27.1 million to $25.1 million, Taylor Devices navigates the variance in order receipt timing effectively, suggesting confidence in future sales. CEO Tim Sopko noted the company's strategic focus on customer needs across varying sectors, which should help mitigate challenges faced in specific markets.
Given this strong performance and growth trajectory, investors may see this as an opportune moment to consider positions in TAYD. The combination of record sales, increasing earnings, and an emphasis on innovation through their new Development Lab presents a compelling investment story. However, potential investors should remain cautious; the fluctuating order backlog and market variances could pose risks. Monitoring future trends in customer demand and broader economic indicators in the Aerospace and Industrial sectors will be critical for investors evaluating Taylor Devices as a viable long-term investment.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
PR Newswire
NORTH TONAWANDA, N.Y., Dec. 31, 2025 /PRNewswire/ -- Taylor Devices, Inc. (NASDAQ SmallCap: "TAYD") announced today that it had 2nd quarter sales of $11,603,472, up significantly from last year's 2nd quarter sales of $8,548,881 while sales for the 1st half of the fiscal year were $21,521,822, also up from last year's 1st half sales of $20,166,737.
Net earnings for the 2nd quarter were $2,008,624, up substantially from last year's 2nd quarter net earnings of $1,056,160 with net earnings for the 1st half finishing at $4,198,708, also up from last year's 1st half net earnings of $3,722,815.
"Exceptional execution by our Team this past quarter resulted in a new high record for sales in a 2nd quarter for our company at $11.6M, which bested our prior record of $10.5M set in FY23," stated Tim Sopko, CEO. He continued, "This contributed to a new high record for sales in a first half of our company's fiscal years at $21.5M, besting our prior record of $20.3M set in FY24." He further commented, "Earnings for both the 2nd quarter and 1st half were also up year-on-year, 90% and 13% respectfully, due predominantly to both higher sales volume and efficient execution." He continued, "While our firm order backlog of $25.1M is down slightly from the $27.1M it was at the start of this fiscal year, due primarily to our order receipt timing vs. delivery variability, the increased activity from our Aerospace/Defense market customers continues to offset the headwinds that our Structural and Industrial market customers are experiencing." He concluded, "As we enter the 2nd half of our FY26, supported by our recently completed Development Lab, we will continue to aggressively target opportunities where our custom engineered products are critically needed and valued by our customers in all three of our chosen markets; Aerospace/Defense, Structural and Industrial, 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.
2nd Quarter (3 months ended 11/30/25 & 11/30/24) | F/Y 26 | F/Y 25 |
Sales | 11,603,472 | 8,548,881 |
Net Earnings | 2,008,624 | 1,056,160 |
Earnings per Share | 0.64 | 0.34 |
Shares Outstanding | 3,147,518 | 3,127,793 |
1st Half (6 months ended 11/30/25 & 11/30/24) | F/Y 26 | F/Y 25 |
Sales | 21,521,822 | 20,166,737 |
Net Earnings | 4,198,708 | 3,722,815 |
Earnings per Share | 1.33 | 1.19 |
Shares Outstanding | 3,146,606 | 3,124,720 |
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) | |
SOURCE Taylor Devices, Inc.
FAQ**
What specific factors contributed to the significant increase in sales for Taylor Devices Inc. TAYD in the second quarter of FY26 compared to the same quarter last year?
How does Taylor Devices Inc. TAYD plan to address the slight decrease in their firm order backlog from $27.1M to $25.1M as they move into the second half of FY26?
Can you elaborate on the recent activities and developments in the Aerospace/Defense market that have positively impacted Taylor Devices Inc. TAYD's sales and order volume?
What strategies does Taylor Devices Inc. TAYD have in place to continue driving profitable growth in their Structural and Industrial markets, given the current challenges faced by those sectors?
**MWN-AI FAQ is based on asking OpenAI questions about Taylor Devices Inc. (NASDAQ: TAYD).
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