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TAYLOR DEVICES ANNOUNCES THIRD QUARTER AND NINE-MONTH RESULTS

1. TAYD's 3rd quarter sales fell to $10.56M from $12.25M last year. 2. Net earnings for the quarter decreased to $2.00M, down from $2.70M. 3. Despite lower sales, order backlog improved to $33.3M versus $30.2M last year. 4. CEO noted strong gross margins despite varied product mix and macro headwinds. 5. Focus on growth strategies amidst challenges in the Aerospace and Defense market.

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FAQ

Why Bearish?

Declining sales and net earnings indicate weakness in TAYD's performance. Historically, similar earnings declines have led to lower investor confidence.

How important is it?

The decrease in sales and earnings is crucial, affecting investor sentiment and future projections. Ongoing investments can stabilize performance long-term.

Why Short Term?

Immediate effects observed in the market can influence TAYD's stock negatively. In the past, quarterly earnings downturns have resulted in quick market reactions.

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AEROLMTGDBA
, /PRNewswire/ -- Taylor Devices, Inc. (NASDAQ SmallCap: "TAYD") announced today that it had 3rd quarter sales of $10,564,834, down from last year's 3rd quarter sales of $12,254,093 while sales for the 1st nine months were $30,731,571, also down from last year's 1st nine-month sales of $32,517,596. Net earnings for the 3rd quarter were $2,002,245, down from last year's 3rd quarter net earnings of $2,696,921 with net earnings for the 1st nine months finishing at $5,725,060, also down from last year's net earnings for the 1st nine months of $6,526,132. "Our FY25 3rd quarter and 1st nine-month sales finished shy of last year's record high levels although this year's 1st nine-month sales of $30.7M did eclipse our prior 2nd highest 1st nine-month sales of $29.5M which was set in FY23," stated Tim Sopko, CEO.  He continued, "Similarly, net earnings for the 3rd quarter and 1st nine months finished shy of last year's levels, also record highs, due primarily to the lower sales volume."  He further commented, "The benefits of our Team's excellent work on continuous improvements can be seen in our favorable gross margins even as our product mix varied vs. last year's periods."  He continued, "Despite the headwinds we faced due to high interest rates as well as the US Government's Continuing Resolution, the benefits of our market diversification and careful focus on stable and growing markets can be seen in our firm order backlog which finished at $33.3M at the end of this February as compared to $30,2M at the end of February last year."  He concluded, "As we enter the 4th and final quarter of our FY25, 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 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.  3rd Quarter (3 months ended 02/28/25 & 02/29/24) F/Y 25 F/Y 24 Sales $   10,564,834 $    12,254,093 Net Earnings $     2,002,245 $      2,696,921 Earnings per Share $              0.64 $               0.82 Shares Outstanding 3,136,469 3,302,497 1st Nine months (ended 02/28/25 & 02/29/24) F/Y 25 F/Y 24 Sales $  30,731,571 $   32,517,596 Net Earnings $    5,725,060 $     6,526,132 Earnings per Share $             1.83 $              1.91 Shares Outstanding 3,127,722 3,411,703 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)                [email protected]  SOURCE Taylor Devices, Inc. WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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