Taylor Devices Sets New Record for Q2 and First Half Sales—Earnings Jump 90% on Aerospace and Defense Growth
Record-Setting Quarter Highlights Taylor Devices' Resilience
In its latest earnings report, Taylor Devices (NASDAQ: TAYD) announced record sales for both the second quarter and the first half of fiscal 2026. At 11:57 AM, shares were trading at $61.79, up 5.70% on the day, as the company posted notable gains led by surging demand from its aerospace and defense customers.
Sales and Earnings Surge—Quarterly Earnings Nearly Double
Taylor Devices delivered second quarter sales of $11.60 million, a sharp jump from $8.55 million a year ago. Net earnings for the period hit $2.01 million—an impressive 90% increase over last year. This momentum carried through the first half of the fiscal year, with sales climbing to $21.52 million from $20.17 million, and net earnings up to $4.20 million, compared to $3.72 million previously.
| Q2 (3 months) | FY26 | FY25 |
|---|---|---|
| Sales | $11,603,472 | $8,548,881 |
| Net Earnings | $2,008,624 | $1,056,160 |
| Earnings per Share | $0.64 | $0.34 |
| Shares Outstanding | 3,147,518 | 3,127,793 |
The company’s earnings call highlighted efficient execution as a key factor in the strong results, with CEO Tim Sopko noting that this quarter’s $11.6 million in sales marks the highest ever for any second quarter in Taylor’s history, surpassing the previous record set in FY23.
Aerospace and Defense Drive Growth—Backlog Remains Healthy
While the firm order backlog stands at $25.10 million—down slightly from $27.10 million at the start of the fiscal year—management attributed this to order timing and delivery schedules. Importantly, increased activity in the aerospace and defense sectors is helping to balance softer demand in structural and industrial markets.
| 1st Half (6 months) | FY26 | FY25 |
|---|---|---|
| Sales | $21,521,822 | $20,166,737 |
| Net Earnings | $4,198,708 | $3,722,815 |
| Earnings per Share | $1.33 | $1.19 |
| Shares Outstanding | 3,146,606 | 3,124,720 |
Looking Ahead—Growth Strategy Remains Centered on High-Demand Segments
CEO Sopko reiterated the company’s push into custom-engineered products for all three key markets: aerospace/defense, structural, and industrial. Backed by a newly completed development lab, management projects that robust activity in high-value markets will continue to support both innovation and profitability in upcoming quarters.
Key Takeaway: Profitable Growth Built on Strong Sector Demand
Taylor Devices’ historic quarterly performance underscores the importance of sector-focused execution and adaptability. Investors will be watching to see whether aerospace and defense momentum can offset order timing challenges in other segments as management continues to drive long-term growth initiatives.
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