TAYD News & Events

Reports Q1 revenue $9.92M vs. $11.62M last year. "While our sales and net earnings for this fiscal year first quarter finished a bit down vs. the record highs we set last year, 15% and 18% respectively, the sales of $9.9M and net earnings of $2.2M achieved this year are both better than their averages over our past four fiscal year first quarters which are $9.5M and $1.4M respectively," stated Tim Sopko, CEO.

Reports Q2 revenue $8.55M vs. $10.34M last year. "While our FY25 2nd quarter sales finished down year on year, our 1st half sales finished just shy of last year's level," stated Tim Sopko, CEO. He continued, "The $20.2M of sales achieved by our Team in this H1 is the second highest H1 sales total in our Company's history and only slightly less than our record high H1 sales total of $20.3M which was set last fiscal year." He further commented, "Earnings for the 2nd quarter are down from last year's level, due predominantly to the lower sales volume, while the 1st half earnings, 18.5% as a percentage of sales, are more in line with last year's level, 18.9%." He continued, "Encouragingly, our firm order backlog has increased to $34.5M from the $33.1M we entered this year with despite the high H1 sales outflow." He concluded, "As we enter the 2nd half of our FY25, we will continue to aggressively target opportunities where our custom engineered products are critically needed and valued by our customers in all three of our chosen markets; Aerospace/Defense, Structural and Industrial, which we expect will continue to support our profitable growth going forward."

Reports Q1 revenue $11.62M vs. $9.92M last year. "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 had at the end of last year's Q1 but well ahead of the average firm order backlog level over our past five fiscal year Q1's of $21.9M." He concluded, "As our FY25 continues, we remain focused on our growth strategies supported by our continued investments in our team, technologies and facilities."