NORTH TONAWANDA, N.Y., Sept. 27, 2024 /PRNewswire/ -- Taylor Devices, Inc. (NASDAQ SmallCap: "TAYD") announced today that it had first quarter sales of $11,617,856, up from last year's first quarter sales of $9,923,628.
Net earnings for the first quarter were $2,666,655, significantly up from last year's first quarter earnings of $1,847,863.
"The very strong execution by our team in FY24 continued this first quarter of our FY25 as new company high Q1 records were set for both sales and net earnings with improvements of 17% and 44% year-on-year respectively," stated Tim Sopko, CEO. He continued, "Once again, all three of our customer product groups; Aerospace/Defense, Structural and Industrial contributed to these results with the favorable momentum in our Aerospace/Defense market continuing to offset the headwinds we have been experiencing in our Structural markets due to high interest rates and unfavorable foreign exchange rates." He further commented, "The benefit of our team's relentlessly disciplined focus on our Profitable Growth Campaigns over the past several years can be seen in our firm order backlog at the end of this Q1 of $28.4M which is not only slightly improved over the $28.3M we ...
