Taylor Devices (NASDAQ:TAYD) reported record-breaking financial results for the second quarter of fiscal 2026, as the North Tonawanda-based manufacturer leveraged strong demand from the aerospace and defense sectors to overcome broader economic pressures in its structural and industrial markets.
For the three months ended November 30, 2025, sales surged 36% year-over-year to $11.6 million, surpassing the company’s previous Q2 record of $10.5 million set in fiscal 2023.
Net earnings for the quarter nearly doubled to $2 million, or $0.64 per diluted share, up from $1.1 million, or $0.34 per share, in the prior-year period.
The performance brought first-half sales to a record $21.5 million, marking a significant recovery from a sluggish first quarter where revenue had dipped 15%.
Meanwhile, the company’s growth remains largely decoupled from the broader industrial slowdown.
While Taylor’s "Structural" segment—which provides seismic dampers for buildings and bridges—faces headwinds from high interest rates, its "Aerospace/Defense" segment is seeing an influx of activity driven by global geopolitical unrest.
Taylor’s specialized components are increasingly integrated into satellites, missiles, and naval shock-isolation systems.
Despite the record revenue, the company’s firm order backlog stood at $25.1 million, down from $27.1 million at the start of the fiscal year.
Management attributed the decline to the timing of new order receipts relative to the accelerated delivery schedule of the past three months.
To support future expansion, the company recently completed a new Development Lab at its New York campus, intended to fast-track the custom-engineered solutions that command Taylor's highest margins.