Taylor Devices (TAYD) Q1 2026 earnings summary

Executive summary

• Net sales for the quarter ended August 31, 2025, were $9.9 million, a 15% decrease year-over-year, with net income down 18% to $2.2 million.

• Gross profit margin declined to 45% from 47% in the prior year, reflecting lower revenues and reduced margins.

• Operating income fell to $2.2 million from $2.9 million, mainly due to lower sales and gross margin.

• Backlog at quarter-end was $27.9 million, with 127 open sales orders, slightly up from the prior year.

Financial highlights

• Net sales: $9.9 million (down 15% year-over-year).

• Net income: $2.2 million (down 18% year-over-year).

• Gross profit: $4.4 million (down 19% year-over-year).

• Basic and diluted EPS: $0.70 (down from $0.85).

• Cash and cash equivalents increased to $2.2 million from $1.2 million at prior year-end.

Outlook and guidance

• Majority of backlog expected to be recognized as revenue in the current fiscal year.

• Company evaluating additional capital expenditures to expand capacity.