Taylor Devices Q4 sales fall sharply on order delays; aerospace drives backlog to record - TAYD News | RalliesTaylor Devices Q4 sales fall sharply on order delays; aerospace drives backlog to record
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TAYD• Backlog reaches record level
- The company ended FY26 with a record $52.8 million firm order backlog, led by Aerospace/Defense
- The backlog was highlighted as a key positive in the press release
Analyst coverage and valuation context
- The one available analyst rating on the shares is hold
- The average consensus recommendation for the industrial machinery and equipment peer group is buy
- Wall Street's median 12-month price target for Taylor Devices Inc. is $67.00, about 21.1% above its August 17 closing price of $55.35
Management comments on results and outlook
- Delayed customer order placements pushed conversion of orders into sales beyond the fiscal year, according to CEO Tim Sopko
- Lower sales volume in Structural and Industrial markets contributed to the decline in net income, per Sopko
- Management said cost control efforts kept gross margin as a percentage of sales 2 percentage points lower than the prior year
- Taylor Devices did not provide specific financial guidance or outlook for future periods in the press release
Quarterly sales and profit fall on delayed orders
- US shock absorption device maker's Q4 sales fell sharply year over year due to delayed customer orders
- Q4 net income and EPS declined from the prior year, reflecting lower sales volume
- Q4 sales were $8.95 million versus a consensus estimate of $12.80 million (1 analyst)
- Q4 EPS was $0.58
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