Taylor Devices FY26 net income drops 15% to $425,000; net revenue falls 10% to $41.65 million
Reuters2026/08/18 11:53- Taylor Devices posted net revenue of USD 41.65 million in fiscal 2026, down 10% year over year.
- Operating income fell 24% to USD 7.34 million, while gross margin narrowed 2 percentage points to 44%.
- Research and development costs climbed 75% to USD 776,000, while selling, general and administrative expenses declined 10% to USD 10.23 million.
- Backlog rose to USD 52.8 million with 92% tied to aerospace and defense orders; a USD 19 million non-project order runs through fiscal 2030.
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