Taylor Devices Inc (TAYD) Q4 2024 Earnings Report

Taylor Devices reported solid Q4 2024 results with a revenue of $12.07 million, up 12.6% year-over-year, driven by ongoing demand for its seismic dampers, shock absorption, and related components in defense, aerospace, and industrial markets. Gross margin stood at 48.8%, supporting an operating margin of 20.8% and net income of $2.47 million (EPS basic $0.59, diluted $0.47). The company generated strong operating cash flow of $6.54 million and free cash flow of $6.14 million, enabling a net cash position of approximately $2.83 million given no short- or long-term debt. Balance sheet health is robust: total assets of $64.24 million, total liabilities $12.99 million, and stockholders’ equity around $51.25 million with a current ratio of 4.12 and a quick ratio of 3.49.

Sequentially, revenue declined modestly by about 1.5% quarter-over-quarter, and earnings per share fell roughly 32% due to seasonality and mix effects, while margins remained resilient. The cash flow profile was notably favorable, as operating cash flow funded capital expenditures and provided meaningful free cash flow in the period. The absence of formal forward guidance in the provided data is a consideration for investors seeking visibility into cadence and backlog expectations.

Overall, Taylor Devices’ QQ4 2024 results reflect a defensible, high-margin business with a strong balance sheet and cash generation capability. The main question for investors is the sustainability of the growth trajectory in the broader aerospace/defense and infrastructure end-markets, and how management plans to allocate excess cash given the current debt-free posture.