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Taylor Devices Stock Gains On Solid 35% Revenue Growth In Q2

Taylor Devices Inc (NASDAQ:TAYD) reported second-quarter FY23 sales growth of 35% year-on-year, to $10.49 million. Net earnings for Q2 totaled $1.6…
byShivani Kumaresan
December 29, 2022
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  • Taylor Devices Inc (NASDAQ:TAYD) reported second-quarter FY23 sales growth of 35% year-on-year, to $10.49 million.
  • Net earnings for Q2 totaled $1.6 million versus $0.7 million last year.
  • Order backlog at the end of six months in FY23 was $18 million versus $17 million last year.
  • EPS was $0.45 versus $0.19 last year.
  • “Our FY23 2nd quarter and 1st half sales finished significantly better than last year’s levels respectively with all three of our customer product groups; Aerospace/Defense, Structural and Industrial, sales levels improved year-on-year,” said CEO Tim Sopko.
  • Price Action: TAYD shares are trading higher by 24.33% at $13.54 on the last check Thursday.
  • Photo Via Company
 
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