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Taylor Devices Inc (TAYD) |
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Price: $59.1600
$0.67 
1.145%
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| Day's High:
| $59.16
| Week Perf:
| 9.43 %
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| Day's Low: |
$ 56.64 |
30 Day Perf: |
10.09 % |
| Volume (M): |
15 |
52 Wk High: |
$ 61.25 |
| Volume (M$): |
$ 899 |
52 Wk Avg: |
$37.70 |
| Open: |
$57.34 |
52 Wk Low: |
$19.81 |
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| Market Capitalization (Millions $) |
206 |
| Shares
Outstanding (Millions) |
3 |
| Employees |
112 |
| Revenues (TTM) (Millions $) |
45 |
| Net Income (TTM) (Millions $) |
9 |
| Cash Flow (TTM) (Millions $) |
-1 |
| Capital Exp. (TTM) (Millions $) |
1 |
Taylor Devices Inc
The Company was incorporated in the State of New York on July 22, 1955 and
is engaged in the design, development, manufacture and marketing of shock absorption,
rate control, and energy storage devices for use in various types of machinery,
equipment and structures. In addition to manufacturing and selling existing
product lines, the Company continues to develop new and advanced technology
products.
The Company manufactures and sells a single group of very similar products
that have many different applications for customers. These similar products
are included in one of six categories; namely, Seismic Dampers, Fluidicshoks®,
Crane and Industrial Buffers, Self-Adjusting Shock Absorbers, Liquid Die Springs,
and Vibration Dampers. Management does not track or otherwise account for sales
broken down by these categories. The following is a summary of the capabilities
and applications for these products.
Seismic Dampers are designed to ameliorate the effects of earthquake tremors
on structures, and represent a substantial part of the business of the Company.
Fluidicshoks® are small, extremely compact shock absorbers with up to 19,200
inch-pound capacities, produced in 15 standard sizes for primary use in the
defense, aerospace and commercial industry. Crane and industrial buffers are
larger versions of the Fluidicshoks® with up to 60,000,000 inch-pound capacities,
produced in more than 60 standard sizes for industrial application on cranes,
ships, container ships, railroad cars, truck docks, ladle and ingot cars, ore
trolleys and car stops. Self-adjusting shock absorbers, which include versions
of Fluidicshoks® and crane and industrial buffers, automatically adjust
to different impact conditions, and are designed for high cycle application
primarily in heavy industry. Liquid die springs are used as component parts
of machinery and equipment used in the manufacture of tools and dies. Vibration
dampers are used primarily by the aerospace and defense industries to control
the response of electronics and optical systems subjected to air, ship, or spacecraft
vibration.
Company Address: 90 Taylor Drive North Tonawanda 14120 NY
Company Phone Number: 694-0800 Stock Exchange / Ticker: NASDAQ TAYD
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| Stock Performances by Major Competitors |
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| Taylor Devices Inc
In recent financial news, Taylor Devices Inc has demonstrated an impressive improvement in its performance for the period spanning December to February 29, 2024. The company witnessed a substantial increase in income per share, rising by 74.47% year on year to reach $0.82 per share. Furthermore, its revenue also experienced growth, surging by 23.888% to $12.25 million.
One notable aspect is that Taylor Devices Inc has outperformed its peers in the Industrial Machinery and Components industry when it comes to revenue growth. In the third quarter of 2024, the company's revenue growth surpassed that of its industry peers, with an improvement of 1.37% compared to Q3 of 2023. This is in contrast to the overall performance of the Industrial Machinery and Components industry.
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| Taylor Devices Inc
Taylor Devices Inc, an Industrial Machinery and Components company, demonstrated excellent performance in the past 3 and 12 months with share price increases of 13.21% and 14.52% respectively. Currently, its shares are trading 14.3% above its 52-week average. In analyzing the financial results, we observe a decline in revenue for the second quarter of 2024. However, the company managed to increase its earnings per share and improve profitability. In addition, Taylor Devices Inc emphasized its improving profit margins and reported promising net income figures.
Financial Analysis:
In the second quarter of 2024, Taylor Devices Inc generated a net income of $1.981 million, indicating an impressive increase of 27.05% compared to the previous year. This significant growth in net earnings suggests that the company's overall financial health has improved. Furthermore, the earnings per share rose to $0.56, reflecting a growth of 24.44% compared to the previous year. These positive indicators demonstrate the company's ability to generate greater profit from its operations.
Although the company experienced a slight decline in revenue by -1.5% to $10.34 million, the decrease was offset by an increase in the previous reporting season, where revenue advanced by 4.195% to $9.92 million. This suggests a relatively stable financial performance, with Taylor Devices Inc demonstrating resilience in the face of economic factors impacting revenue generation.
Profitability and Margins:
Taylor Devices Inc showcased its capacity to improve profit margins, with net margin increasing to 19.16% in the second quarter of 2024. This improvement indicates enhanced efficiency in cost management and overall profitability. Additionally, the operating margin showed a slight increase, reaching 19.86%. These positive changes signify effective utilization of resources within the company and a strong path towards sustainable growth.
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| Taylor Devices Inc
Taylor Devices Inc, a leading provider of innovative engineering solutions, has reported strong financial results for the June to August 31, 2023 financial period. The company witnessed a significant growth in earnings per share (EPS) of 79.31% to $0.52, compared to the prior year reporting period.
Furthermore, Taylor Devices Inc experienced a healthy increase in revenue, with a rise of 9.162% to $9.92 million, as compared to $9.09 million in the same period the previous year. However, in contrast to the previous reporting period, the company's profit dropped by -47.84% from $1.00 per share, and revenue fell by -27.392% from $13.67 million.
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| Taylor Devices Inc
/>Taylor Devices Inc., a prominent player in the Industrial Machinery and Components sector, recently announced its financial results for the fiscal year 2023. With astounding revenue growth, significant profit turnaround, and improved profit margins, the company seems to be on a promising trajectory. This article will analyze the implications of these financial results and ponder over how they may impact Taylor Devices Inc. in the future.
1. Remarkable Revenue Growth:
Taylor Devices Inc. experienced a staggering revenue growth of 122.475% YoY, recording $13.67 million in revenue for the period ending May 31, 2023. This growth outperformed the Industrial Machinery and Components sector, which only averaged 3.77% top-line growth during the same period. Such exceptional revenue growth reflects the company's robust product offerings and strong market demand.
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| Taylor Devices Inc
Investors, get ready to rejoice! Taylor Devices Inc, the company that specializes in innovative shock and vibration control solutions, has just released their Feb 28 2023 report and the results are impressive.
The report reveals that the net profit per share soared by a staggering 840% to $0.47 per share compared to the previous year. This remarkable growth in net profit per share can be attributed to the company's growing revenue, which saw a significant increase of 35.353% to $9.89 million. These numbers are a substantial increase from the previous financial period where the company realized a revenue of $10.50 million and $0.45 per share.
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| Per Share |
Current |
| Earnings (TTM) |
2.64 $ |
| Revenues (TTM) |
12.78 $
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| Cash Flow (TTM) |
- |
| Cash |
8.88 $
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| Book Value |
14.69 $
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| Dividend (TTM) |
0 $ |
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| Per Share |
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| Earnings (TTM) |
2.64 $
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| Revenues (TTM) |
12.78 $ |
| Cash Flow (TTM) |
- |
| Cash |
8.88 $
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| Book Value |
14.69 $ |
| Dividend (TTM) |
0 $ |
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