From Nasdaq: 2025-01-03 08:23:24

Taylor Devices, Inc. reported a decrease in net income for the second quarter due to lower sales volume. Net income dropped to $1.06 million, or $0.34 per share, from $1.98 million, or $0.56 per share, in the same quarter last year. Net sales also decreased to $8.55 million from $10.34 million. However, the firm order backlog increased to $34.5 million from $33.1 million. CEO Tim Sopko stated that the company will focus on opportunities in Aerospace/Defense, Structural, and Industrial markets to support profitable growth. TAYD is trading 1.84% down at $40.59 on the Nasdaq.



Read more at Nasdaq: Taylor Devices Q2 Income Drops On Weak Sales – Update