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Taylor Devices Reports Weak Q1 2027 Earnings
Taylor Devices' Q1 2027 sales dropped but firm order backlog hit a record $55.2 million.
In brief
Taylor Devices' Q1 2027 sales dropped but firm order backlog hit a record $55.2 million. Taylor Devices reported $7.3 million in Q1 2027 sales down from $9.9 million, but firm order backlog reached a company record of $55.2 million. Originally reported by Alphastreet - Earnings Decoded. Market Intelligence Delivered.
Q1 2027 Results
Taylor Devices reported sales of $7.3 million for fiscal Q1 2027, down from $9.9 million in fiscal Q1 2026.
Earnings Decline
Net earnings fell to $456,933 from $2.2 million in the prior-year quarter, with earnings per share at $0.14 versus $0.70.
Backlog Record
Firm order backlog reached a company-record $55.2 million at the end of fiscal Q1 2027, up from $52.8 million in fiscal Q1 2026.
Management Explanation
CEO Tim Sopko attributed the weak Q1 results to delayed fiscal 2026 order intake, pushing revenue recognition into fiscal Q1 2027.
Market Focus
Investors are watching whether the record backlog converts to revenue quickly enough to offset margin pressure from lower sales volume.
Fiscal 2026 Performance
Fiscal 2026 sales were $41.6 million with net income of $8.6 million, down from $46.3 million and $9.4 million in fiscal 2025.
Product Mix Impact
Structural markets faced headwinds from higher interest rates and currency conditions, while Aerospace and Defense benefited from global unrest.
Investor Outlook
The record backlog may convert to revenue in Q2 and Q3, but investors remain cautious about margin recovery and timing delays.
The takeaway
Taylor Devices reported $7.3 million in Q1 2027 sales down from $9.9 million, but firm order backlog reached a company record of $55.2 million.
