Shock absorber maker Taylor Devices' Q1 sales fall

Taylor Devices

02/10/2026 13:27

Overview
US shock absorption device maker's fiscal Q1 sales fell 26% yr/yr
Fiscal Q1 net earnings declined sharply from prior year
Lower sales due to late-arriving backlog delaying revenue recognition

Outlook
Company says it will continue investments in team, R&D and facilities in FY27

Result Drivers
LOWER SALES VOLUME - Co said late-arriving backlog in prior fiscal year pushed associated sales recognition out of Q1, reducing sales and profitability
PRODUCT MIX & DEVELOPMENT - Co said product sales mix and new product development efforts further pressured margins in Q1
MARKET CONDITIONS - Co said structural markets faced headwinds from higher interest rates and FX, while aerospace/defense benefited from global unrest

Company press release: ID:nPn7BMK0ha

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
Miss
$7.30 mln
$13.10 mln (1 Analyst)
Q1 EPS
 
$0.14
 

Analyst Coverage
The one available analyst rating on the shares is "buy"
The average consensus recommendation for the industrial machinery & equipment peer group is "buy"
Wall Street's median 12-month price target for Taylor Devices Inc is $70.00, about 14.5% above its October 1 closing price of $61.11
The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 15 three months ago

Reuters Recommended Reads
Sept 30 - No doubt that consumer is under pressure, says Conagra CEO 
Sept 30 - Chinese factory activity expands in September amid AI boom

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)