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TAYLOR DEVICES ANNOUNCES FISCAL YEAR 2025 SECOND QUARTER AND FIRST HALF RESULTS

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Taylor Devices (NASDAQ: TAYD) reported its FY2025 second quarter and first half results. Q2 sales decreased to $8.55M from $10.34M in the previous year, while first-half sales slightly declined to $20.17M from $20.26M. Net earnings for Q2 dropped to $1.06M from $1.98M, and first-half earnings decreased to $3.72M from $3.83M.

The company's H1 FY25 performance represents the second-highest first-half sales in its history. The firm order backlog increased to $34.5M from $33.1M at the start of the fiscal year. First-half earnings margin was 18.5%, compared to 18.9% in the previous year. The company continues to focus on growth opportunities in Aerospace/Defense, Structural, and Industrial markets.

Taylor Devices (NASDAQ: TAYD) ha riportato i risultati del secondo trimestre e del primo semestre dell'anno fiscale 2025. Le vendite del Q2 sono scese a 8,55 milioni di dollari rispetto ai 10,34 milioni dell'anno precedente, mentre le vendite del primo semestre sono leggermente diminuite a 20,17 milioni di dollari dai 20,26 milioni. I guadagni netti per il Q2 sono scesi a 1,06 milioni di dollari rispetto ai 1,98 milioni e i guadagni del primo semestre sono diminuiti a 3,72 milioni di dollari dai 3,83 milioni.

La performance dell'H1 FY25 rappresenta il secondo pi霉 alto volume di vendite del primo semestre nella storia dell'azienda. L'ordine fermo 猫 aumentato a 34,5 milioni di dollari rispetto ai 33,1 milioni all'inizio dell'anno fiscale. Il margine di guadagno del primo semestre 猫 stato del 18,5%, rispetto al 18,9% dell'anno precedente. L'azienda continua a concentrarsi su opportunit脿 di crescita nei mercati Aerospaziale/Difesa, Strutturale e Industriale.

Taylor Devices (NASDAQ: TAYD) inform贸 sobre sus resultados del segundo trimestre y del primer semestre del a帽o fiscal 2025. Las ventas del Q2 disminuyeron a 8,55 millones de d贸lares desde 10,34 millones del a帽o anterior, mientras que las ventas del primer semestre cayeron ligeramente a 20,17 millones de d贸lares desde 20,26 millones. Las ganancias netas para el Q2 cayeron a 1,06 millones de d贸lares desde 1,98 millones, y las ganancias del primer semestre disminuyeron a 3,72 millones de d贸lares desde 3,83 millones.

El desempe帽o del H1 FY25 representa las segundas mayores ventas en el primer semestre en la historia de la empresa. El backlog de 贸rdenes firmes aument贸 a 34,5 millones de d贸lares desde 33,1 millones al inicio del a帽o fiscal. El margen de ganancias del primer semestre fue del 18,5%, en comparaci贸n con el 18,9% del a帽o anterior. La empresa sigue centrada en oportunidades de crecimiento en los mercados Aeroespacial/Defensa, Estructural e Industrial.

韰岇澕霟 鞛レ箻(Taylor Devices) (NASDAQ: TAYD)電 2025 須岅硠鞐半弰 2攵勱赴 氚 鞝勲皹旮 鞁れ爜鞚 氚滍憸頄堨姷雼堧嫟. 2攵勱赴 毵れ稖鞚 歆雮滍暣 10.34氚彪 雼煬鞐愳劀 8.55氚彪 雼煬搿 臧愳唽頄堨溂氅, 鞝勲皹旮 毵れ稖鞚 20.26氚彪 雼煬鞐愳劀 20.17氚彪 雼煬搿 靻岉彮 臧愳唽頄堨姷雼堧嫟. 2攵勱赴 靾滌澊鞚鞚 1.98氚彪 雼煬鞐愳劀 1.06氚彪 雼煬搿 霒柎臁岅碃, 鞝勲皹旮 鞚挫澋鞚 3.83氚彪 雼煬鞐愳劀 3.72氚彪 雼煬搿 臧愳唽頄堨姷雼堧嫟.

須岇偓鞚 FY25 H1 鞁れ爜鞚 鞐偓靸 霊 氩堨Ц搿 雴掛潃 鞝勲皹旮 毵れ稖鞚 旮半頄堨姷雼堧嫟. 頇曥爼霅 欤茧 鞛旉碃電 須岅硠鞐半弰 齑堨潣 33.1氚彪 雼煬鞐愳劀 34.5氚彪 雼煬搿 歃濌皜頄堨姷雼堧嫟. 鞝勲皹旮 鞚挫澋毳犾潃 歆雮滍暣鞚 18.9%鞐 牍勴暣 18.5%鞓鞀惦媹雼. 須岇偓電 頃车鞖办</氚╈渼, 甑“鞝 氚 靷办梾 鞁滌灔鞐愳劀 靹膘灔 旮绊殞鞐 瓿勳啀 歆戩頃橁碃 鞛堨姷雼堧嫟.

Taylor Devices (NASDAQ: TAYD) a annonc茅 ses r茅sultats du deuxi猫me trimestre et du premier semestre de l'exercice 2025. Les ventes du Q2 ont diminu茅 脿 8,55 millions de dollars contre 10,34 millions l'ann茅e pr茅c茅dente, tandis que les ventes du premier semestre ont l茅g猫rement baiss茅 脿 20,17 millions de dollars par rapport 脿 20,26 millions. Le b茅n茅fice net du Q2 a chut茅 脿 1,06 million de dollars contre 1,98 million, et le b茅n茅fice du premier semestre a diminu茅 脿 3,72 millions de dollars contre 3,83 millions.

La performance du H1 FY25 repr茅sente le deuxi猫me chiffre d'affaires le plus 茅lev茅 pour un premier semestre dans l'histoire de l'entreprise. Le carnet de commandes a augment茅 脿 34,5 millions de dollars contre 33,1 millions au d茅but de l'exercice. La marge de b茅n茅fice pour le premier semestre 茅tait de 18,5 %, contre 18,9 % l'ann茅e pr茅c茅dente. L'entreprise continue de se concentrer sur des opportunit茅s de croissance dans les march茅s a茅rospatial/d茅fense, structurel et industriel.

Taylor Devices (NASDAQ: TAYD) hat seine Ergebnisse f眉r das zweite Quartal und das erste Halbjahr des Gesch盲ftsjahres 2025 ver枚ffentlicht. Die Q2-Ums盲tze sanken auf 8,55 Millionen Dollar von 10,34 Millionen Dollar im Vorjahr, w盲hrend die Ums盲tze im ersten Halbjahr leicht auf 20,17 Millionen Dollar von 20,26 Millionen Dollar zur眉ckgingen. Der Nettogewinn f眉r Q2 fiel auf 1,06 Millionen Dollar von 1,98 Millionen Dollar, und die Gewinne im ersten Halbjahr sanken auf 3,72 Millionen Dollar von 3,83 Millionen Dollar.

Die Leistung von H1 FY25 stellt den zweith枚chsten Umsatz im ersten Halbjahr in der Unternehmensgeschichte dar. Der Auftragspool erh枚hte sich zu Beginn des Gesch盲ftsjahres auf 34,5 Millionen Dollar von 33,1 Millionen Dollar. Die Gewinnmarge im ersten Halbjahr lag bei 18,5 %, im Vergleich zu 18,9 % im Vorjahr. Das Unternehmen konzentriert sich weiterhin auf Wachstumschancen in den M盲rkten Luft- und Raumfahrt/Verteidigung, Struktur- und Industriebereich.

Positive
  • Firm order backlog increased to $34.5M from $33.1M
  • Maintained strong profit margin at 18.5% in first half
  • Second-highest first-half sales ($20.17M) in company history
Negative
  • Q2 sales decreased 17.3% to $8.55M from $10.34M YoY
  • Q2 net earnings dropped 46.7% to $1.06M from $1.98M YoY
  • Q2 EPS declined to $0.34 from $0.56 YoY

Insights

Taylor Devices' Q2 FY25 results reveal mixed signals. Sales declined by 17.3% to $8.55M in Q2, while H1 sales remained relatively stable at $20.17M. The more concerning aspect is the Q2 net earnings drop of 46.7% to $1.06M, though H1 profitability remains robust at 18.5% of sales.

Two key positives stand out: First, the firm order backlog increased to $34.5M from $33.1M, suggesting healthy future revenue potential. Second, the company managed to maintain strong profit margins despite lower Q2 volumes, indicating effective cost management and pricing power. The reduction in shares outstanding from 3.52M to 3.12M has helped boost EPS, resulting in H1 EPS growth despite lower net earnings.

The aerospace/defense and structural markets exposure positions TAYD well in the current economic environment, though quarterly fluctuations are typical in their business model due to project-based revenue recognition. The stable H1 performance and growing backlog suggest the Q2 decline may be more timing-related than structural.

The market dynamics for Taylor Devices remain fundamentally sound despite the quarterly volatility. The company's strategic focus on three distinct markets - Aerospace/Defense, Structural and Industrial - provides important diversification benefits. The growing backlog is particularly noteworthy as it indicates strong market demand for their specialized shock absorption and energy storage solutions.

The reduction in outstanding shares from 3.52M to 3.12M represents a 11.2% decrease, indicating active capital management and shareholder value focus. This has effectively cushioned the impact of lower earnings on a per-share basis. The company's ability to maintain near-record H1 sales levels demonstrates market resilience and strong competitive positioning in their niche segments.

NORTH TONAWANDA, N.Y., Jan. 3, 2025 /PRNewswire/ -- Taylor Devices, Inc. (NASDAQ SmallCap: "TAYD") announced today that it had 2nd quarter sales of $8,548,881, down from last year's 2nd quarter sales of $10,339,875 while sales for the 1st half of the fiscal year were $20,166,737, down slightly from last year's 1st half sales of $20,263,503.

Net earnings for the 2nd quarter were $1,056,160, down from last year's 2nd quarter net earnings of $1,981,348 with net earnings for the 1st half finishing at $3,722,815, down slightly from last year's 1st half net earnings of $3,829,211.

"While our FY25 2nd quarter sales finished down year on year, our 1st half sales finished just shy of last year's level," stated Tim Sopko, CEO. He continued, "The $20.2M of sales achieved by our Team in this H1 is the second highest H1 sales total in our Company's history and only slightly less than our record high H1 sales total of $20.3M which was set last fiscal year." He further commented, "Earnings for the 2nd quarter are down from last year's level, due predominantly to the lower sales volume, while the 1st half earnings, 18.5% as a percentage of sales, are more in line with last year's level, 18.9%." He continued, "Encouragingly, our firm order backlog has increased to $34.5M from the $33.1M we entered this year with despite the high H1 sales outflow." He concluded, "As we enter the 2nd half of our FY25, 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 69-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 11/30/24 & 11/30/23)

F/Y 25

F/Y 24

Sales

$听听听听 8,548,881

$听听 10,339,875

Net Earnings

$听听听听 1,056,160

$听听听听 1,981,348

Earnings per Share

$听听听听听听听听听听听听听 听0.34

$听听听听听听听听听听听听听 听0.56

Shares Outstanding

3,127,793

3,521,428

1st Half (6 months ended 11/30/24 & 11/30/23)

F/Y 25

F/Y 24

Sales

$听听 20,166,737

$听听 20,263,503

Net Earnings

$听听听听 3,722,815

$听听听听 3,829,211

Earnings per Share

$听听听听听听听听听听听听听 听1.19

$听听听听听听听听听听听听听 听1.09

Shares Outstanding

3,124,720

3,521,099

Taylor's website can be visited at:听; with company newsletters and other pertinent information at听.

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.

FAQ

What were Taylor Devices (TAYD) Q2 FY2025 earnings per share?

Taylor Devices reported earnings per share of $0.34 for Q2 FY2025, down from $0.56 in Q2 FY2024.

How much is Taylor Devices (TAYD) current order backlog as of Q2 FY2025?

Taylor Devices' firm order backlog increased to $34.5 million from $33.1 million at the start of fiscal year 2025.

What was TAYD's profit margin in the first half of FY2025?

Taylor Devices achieved a profit margin of 18.5% in the first half of FY2025, slightly down from 18.9% in the same period last year.

How did Taylor Devices (TAYD) Q2 FY2025 sales compare to Q2 FY2024?

Taylor Devices' Q2 FY2025 sales decreased to $8.55 million from $10.34 million in Q2 FY2024, representing a 17.3% decline.

What markets does Taylor Devices (TAYD) currently target for growth?

Taylor Devices targets growth in three main markets: Aerospace/Defense, Structural Construction, and Industrial markets.

Taylor Devices Inc

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Specialty Industrial Machinery
General Industrial Machinery & Equipment, Nec
United States of America
NORTH TONAWANDA