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Taylor Devices (TAYD) Q3 FY25 earnings results (third quarter fiscal 2025)
10-Q filed Mar 28, 2025
Taylor Devices (TAYD) reported revenue of $10.6M for the third quarter fiscal 2025 (Q3 FY25), -14% from a year earlier and +24% from the quarter before. Operating margin was 19.1%, net earnings $2.0M (19.0% of revenue).
Taylor Devices, Q3 FY25: revenue $10.6M (-14% year over year), operating margin 19.1%, net earnings $2.0M, operating cash flow $9.0M. The chart follows the revenue to costs, profit and cash.
| Q3 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $10.6M | +24% | -14% |
| Gross profit | $4.5M | +17% | -21% |
| Operating profit | $2.0M | +114% | -33% |
| Net earnings | $2.0M | +90% | -26% |
| Operating cash flow | $9.0M | 87× | — |
| Free cash flow | $8.8M | — | — |
What changed
Revenue was $10.6M in Q3 FY25, down 14% year over year and up 24% from the previous quarter.
Gross margin was 42.9%, down 4.1 points from a year earlier. Operating profit was $2.0M, a 19.1% margin (down 5.3 points year over year). Operating expenses fell 9% while revenue fell 14%. The fastest-growing cost line was Research & development (+35%). Net earnings were $2.0M, down 26% year over year. The effective tax rate was 14.6%.
Operating cash flow was $9.0M, 451% of net earnings. Non-cash charges added back $553K of depreciation and amortization. Working capital and other items added $6.5M. Capital expenditures of $187K left free cash flow of $8.8M.
Questions
What was Taylor Devices' revenue in the third quarter fiscal 2025?
Taylor Devices (TAYD) reported revenue of $10.6M for the third quarter fiscal 2025 (Q3 FY25), -14% from a year earlier and +24% from the quarter before.
Was Taylor Devices profitable in the third quarter fiscal 2025?
Operating profit was $2.0M (19.1% of revenue) and net earnings $2.0M.
Source: Taylor Devices 10-Q on SEC EDGAR.