Taylor Devices
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Taylor Devices (TAYD) investor relations material

Taylor Devices Q3 2026 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q3 2026 earnings summary31 Mar, 2026

Executive summary

  • Net revenue increased 6% year-over-year for both the quarter and nine-month period ended February 28, 2026, with net income up 25% for the quarter and 17% for the nine months compared to the prior year.

  • Growth was driven by higher sales to aerospace/defense customers, offset by declines in structural and industrial segments.

  • U.S. sales rose 12% for the nine months, while international sales declined 21% year-over-year.

Financial highlights

  • Nine-month net revenue: $32.7M (+6% YoY); net income: $6.7M (+17% YoY); EPS: $2.12 (+16%).

  • Three-month net revenue: $11.2M (+6% YoY); net income: $2.5M (+25% YoY); EPS: $0.79 (+23%).

  • Gross margin for nine months: 44% (down 1pt YoY); for the quarter: 40% (down 3pts YoY).

  • Operating income for nine months: $6.8M (+16% YoY); for the quarter: $2.3M (+15% YoY).

  • Other income rose 22% for nine months and 30% for the quarter, mainly from investment interest.

Outlook and guidance

  • Backlog at quarter-end was $20.8M, down from $27.1M at prior year-end; majority expected to convert to revenue in fiscal 2026 and 2027.

  • Management notes that results and backlog fluctuate period-to-period and are not necessarily indicative of future performance.

Explain the 37% year-over-year backlog decline
Discuss the 47% Aerospace segment growth
Detail the $1.6 million CapEx commitments
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