Taylor Devices Inc. (TAYD)
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Taylor Devices: Record High $55.2 Million Backlog Before Earnings Recovery
Taylor Devices remains undervalued despite record-high backlog, with the market yet to fully reflect its improved fundamentals. Backlog surged from $20.8M to $55.2M, driven by robust, diversified demand across all product groups amid global geopolitical unrest. Recent EPS declined to $2.14, but the market anticipates a rebound as backlog converts to revenue; current price return suggests optimism.
Taylor Devices: Another Ugly Quarter Could Set Up A Big Rebound
Taylor Devices reported another weak quarter but maintains a record $55.2M backlog, signaling strong demand. Despite a 26% YoY revenue decline and a 44% revenue miss, strong operating cash flow and working capital shifts suggest unrecognized project activity. I see the revenue shortfall as a timing issue, not a demand problem, and expect backlog conversion to drive a sharp earnings rebound.
Taylor Devices, Inc. (TAYD) Q1 Earnings and Revenues Lag Estimates
Taylor Devices, Inc. (TAYD) came out with quarterly earnings of $0.14 per share, missing the Zacks Consensus Estimate of $0.93 per share. This compares to earnings of $0.7 per share a year ago.
Taylor Devices Inc. Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| LN Louis Navellier NAVELLIER & ASSOCIATES Inc. | 8,816 | $517,322.88 | $474,036.32 | -$43,286.56 | -8.37% |
| CD Charlie Durham Sterling Capital Management LLC | 11 | $645 | $601.04 | -$43.96 | -6.82% |
 Joseph Castro Nuveen LLC | 5,943 | $348,735 | $324,725.52 | -$24,009.48 | -6.88% |
 Michael Byun SageView Advisory Group LLC | 5,539 | $323,985.83 | $295,394.87 | -$28,590.96 | -8.82% |
 Isabelle Cordwell-Riant De Lisle Partners LLP | 46,048 | $1.98M | $2.46M | $473,307.39 | 23.86% |
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Taylor Devices Inc. Profile
| Machinery Industry | Industrials Sector | Timothy J. Sopko CEO | NASDAQ (CM) Exchange | 877163105 CUSIP |
| US Country | 135 Employees | 4 Dec 1989 Last Dividend | 12 Dec 1988 Last Split | 18 Aug 1995 IPO Date |
Overview
Taylor Devices, Inc. specializes in the design, development, manufacturing, and marketing of advanced shock absorption, rate control, and energy storage devices. With operations spanning the United States, Asia, and other international markets, the company caters to a wide range of industries, including defense, aerospace, and commercial sectors. Established in 1955 and based in North Tonawanda, New York, Taylor Devices, Inc. leverages its extensive expertise to offer solutions aimed at mitigating the effects of dynamic forces, such as earthquakes and vibrations, on machinery, equipment, and structures. The company employs a strategic approach to distribution, relying on a network of sales representatives and distributors to reach a diverse clientele worldwide.
Products and Services
- Seismic Dampers
These devices are engineered to reduce the impact of earthquakes on buildings and other structures, enhancing safety and structural integrity during seismic events.
- Fluidicshoks
Compact shock absorbers specifically designed for defense, aerospace, and commercial applications, Fluidicshoks absorb and dissipate energy to control shock and vibration.
- Crane and Industrial Buffers
Larger versions of the Fluidicshoks, these buffers are utilized in various industrial settings, including cranes and crane trolleys, truck docks, and train car stops, providing effective shock absorption.
- Self-Adjusting Shock Absorbers
Encompassing variations of Fluidicshoks and crane/industrial buffers, these devices automatically adapt to differing impact conditions, ideal for high-cycle applications in heavy industries.
- Liquid Die Springs
Utilized as essential components in the manufacturing of tools and dies, liquid die springs aid in the precision and efficiency of machinery and equipment operations.
- Vibration Dampers
Primarily serving the aerospace and defense sectors, these dampers are employed to safeguard electronics and optical systems against the detrimental effects of vibration.
- Machined Springs
These springs find applications in aerospace for their precision and reliability, contributing to the optimal performance of aerospace systems.
- Custom Actuators
Tailored for specific aerospace and defense applications, custom actuators are developed to meet the unique requirements of these high-stakes industries.
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