Taylor Devices (TAYD) investor relations material

Executive summary

• FY27 Q1 sales were $7.30M, down 26% YoY, and net earnings fell 79% to $456,933; gross margin declined to 30% from 45%.

• Record backlog reached $55.2M across 151 open orders, up from $27.9M and 127 orders a year earlier.

• Late FY26 Q4 order arrivals shifted associated sales recognition beyond FY27 Q1.

Financial highlights

• Net sales were $7,300,239 versus $9,918,350; gross profit was $2.16M versus $4.44M.

• Operating income was $38,454 versus $2.25M; net income was $456,933 versus $2,190,084, and diluted EPS was $0.14 versus $0.70.

• Other income rose 9% YoY to $418,000, driven by interest income on short-term investments.

• Operating cash flow was $7.79M versus $484,000; quarter-end cash was $3.60M, compared with $904,823 at May 31, 2026.

• Short-term investments were $45.48M at Aug. 31, 2026, up from $40.57M at May 31, 2026.

Outlook and guidance

• Most remaining backlog is expected to convert to revenue in FY27, with the balance expected in FY28.

• A $19.0M non-project order includes scheduled deliveries of $1.7M in FY27, $5.0M in FY28, $10.0M in FY29 and $2.3M in FY30.

• FY27 priorities include growth strategies and continued investment in personnel, technologies and facilities.

• Quarterly results and fluctuations in backlog, revenue, gross profit and net income are not necessarily indicative of future results.