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

by Shivani Kumaresan, Benzinga Staff Writer

December 29, 2022 11:08 AM | 1 min read

Taylor Devices Inc 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