Taylor Devices Reports Decline in Quarterly Earnings
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Taylor Devices, Inc. reported a decline in quarterly earnings for the period ending August 31, 2025, with a 15% drop in net sales and an 18% decrease in net income. The decline was attributed to reduced sales in long-term projects and a significant decrease in sales to Asia. The gross profit margin fell to 45%, while operating income also declined. Despite these challenges, the company has a strong backlog of sales orders and is focused on managing working capital and expanding capacity. Management remains cautiously optimistic about future prospects.
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