Taylor Devices (TAYD) investor relations material

Executive summary

• Net revenue for the six months ended November 30, 2025 increased 7% year-over-year, with net income up 13% over the same period.

• The quarter saw a 36% increase in net revenue and a 90% increase in net income compared to the prior year quarter.

• Achieved record high sales for both the second quarter and first half of fiscal year 2026, driven by strong execution and demand in key markets.

• Net earnings saw substantial year-over-year growth, reflecting higher sales volume and operational efficiency.

• Domestic sales rose significantly, while international sales declined, reflecting shifts in project activity.

Financial highlights

• Six-month net revenue: $21.5M (up 7%); net income: $4.2M (up 13%).

• Three-month net revenue: $11.6M (up 36%); net income: $2.0M (up 90%).

• Gross margin for the six months was 46% (down 1pp); for the quarter, 47% (up 2pp).

• Operating income for six months: $4.5M (up from $3.8M); for the quarter: $2.2M (up from $0.9M).

• Earnings per share for six months: $1.33 (up from $1.19); for the quarter: $0.64 (up from $0.34).

Outlook and guidance

• Majority of $25.1M backlog expected to be recognized as revenue in fiscal 2026 and 2027.

• Backlog decreased from $34.5M to $25.1M year-over-year, with $7.0M on projects already in progress.

• Order backlog stands at $25.1M, slightly down from $27.1M at the start of the fiscal year, attributed to timing of order receipts and deliveries.

• Continued focus on growth opportunities in Aerospace/Defense, Structural, and Industrial markets, supported by a new Development Lab.