NORTH TONAWANDA, N.Y., Aug. 15, 2025 /PRNewswire/ -- Taylor Devices, Inc. (NASDAQ SmallCap: "TAYD") announced today that it had 4(th) quarter sales of $15,561,154, significantly up from last year's 4(th) quarter sales of $12,065,211. Sales for the full year of $46,292,725 were also up from last year's level of $44,582,807.
Net income for the 4(th) quarter of $3,688,076 was up significantly from last year's 4(th) quarter net income of $2,472,630 with net income for the fiscal year of $9,413,136, also up from last year's fiscal year net income of $8,998,762.
"Our FY25 4(th) quarter and full year sales finished well ahead of last year's levels with the full year sales of $46.3 million setting a new high record for our Team exceeding the prior record of $44.6 million set last year," said Tim Sopko, CEO. He continued, "Year-on-year net income for both the 4(th) quarter and full year improved substantially with the full year net income of $9.4 million or 20.3% of sales also setting a new high record exceeding our prior record of $9.0 million or 20.2% of sales set last year, FY24." He further commented, "While all three of our customer facing product groups; Aerospace/Defense, Structural and Industrial, once again contributed favorably to our results, positive momentum in our Aerospace/Defense and Industrial markets offset headwinds we continued to face in our Structural markets due to higher interest rates and unfavorable foreign exchange rates." He continued, "Our Team's diligent execution of our profitable growth strategies continued this past year which favorably contributed to our firm order backlog of $27.1 million as we start our FY26." He concluded, "This, supported by our continued investments in our people, technology, processes and facilities positions us well to continue successfully on our profitable growth journey in FY26."
Taylor Devices, Inc. is a 70-year-old company 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. The company continues to target growth in the domestic Aerospace and Defense market as well as global Structural Construction and Industrial markets.
4th Quarter (3 months ended 05/31/25 & 5/31/24) F/Y 25 F/Y 24 ----------------------------------- ------------------- -------------------- Sales $ 15,561,154 $ 12,065,211 Net Earnings $ 3,688,076 $ 2,472,630 Earnings per Share $ 1.17 $ 0.80 Shares Outstanding 3,140,755 3,101,044 Fiscal Year F/Y 25 F/Y 24 ----------------------------------- ------------------- -------------------- Sales $ 46,292,725 $ 44,582,807 Net Earnings $ 9,413,136 $ 8,998,762 Earnings per Share $ 3.01 $ 2.68 Shares Outstanding 3,131,134 3,353,077
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)
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SOURCE Taylor Devices, Inc.
(END) Dow Jones Newswires
August 15, 2025 07:01 ET (11:01 GMT)