T
TAYLOR DEVICES, INC.
TAYDCIK 0000096536NasdaqNon-AcceleratedSmaller ReportingGeneral Industrial Machinery & Equipment, NecNew YorkFY ends May 31
Period
FY 2025
Revenue
$46.29M
Net Income
$9.41M
Total Assets
$71.62M
Equity
$62.04M
Shares Out
3.15M
Op. Cash Flow
$7.47M
Business
Taylor Devices designs, develops, manufactures, and markets shock absorption, rate control, and energy storage devices for machinery, equipment, and structures. The company produces nine product categories including seismic dampers, Fluidicshoks®, crane and industrial buffers, self-adjusting shock absorbers, liquid die springs, vibration dampers, machined springs, custom shock and vibration isolators, and custom actuators, serving aerospace, defense, and industrial markets. Products are distributed through a direct technical sales force in the United States and non-employee sales representatives internationally.
Summary from 10-K filed 2025-08-15
Financials
Consolidated Statement of Income
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-05-31 | FY 2024 2024-05-31 | FY 2023 2023-05-31 | FY 2022 2022-05-31 | FY 2021 2021-05-31 |
|---|---|---|---|---|---|---|
| Sales, net (Note 9) | 46 | 45 | 40 | 31 | 23 | |
| Cost of goods sold | 25 | 24 | 23 | 21 | 19 | |
| Gross profit | 21 | 21 | 17 | 10 | 3 | |
| Research and development costs | 444,000 | 388,476 | 1 | 999,184 | — | |
| Selling, general and administrative expenses | 11 | 11 | 9 | 6 | 6 | |
| Operating income | 10 | 9 | 7 | 2 | −2 | |
| Interest, net | 1 | 1 | 698,864 | 4,543 | — | |
| Miscellaneous | 3,369 | 14,759 | −2,572 | 79,103 | 8,693 | |
| Total other income, net | 1 | 1 | 696,292 | 83,646 | 3 | |
| Income before provision for income taxes | 11 | 11 | 8 | 3 | 681,895 | |
| Provision for income taxes (Note 10) | 2 | 2 | 1 | 317,000 | −381,000 | |
| Net income | 9 | 9 | 6 | 2 | 1 | |
| Basic earnings per common share (Note 11) | 3.01 | 2.68 | 1.79 | 0.64 | 0.3 | |
| Diluted earnings per common share (Note 11) | 2.87 | 2.58 | 1.77 | 0.64 | — |
Consolidated Balance Sheet
As of · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-05-31 | FY 2024 2024-05-31 | FY 2023 2023-05-31 | FY 2022 2022-05-31 | FY 2021 2021-05-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 1 | 3 | 4 | 23 | 21 | |
| Short-term investments | 35 | 28 | 25 | 1 | 1 | |
| Accounts and other receivables, net (Note 2) | 6 | 5 | 6 | 4 | 4 | |
| Inventory (Note 3) | 8 | 8 | 6 | 6 | 6 | |
| Prepaid expenses | 1 | 725,506 | 439,607 | 468,489 | 522,747 | |
| Prepaid income taxes | 94,333 | 0 | 228,947 | 235,947 | — | |
| Costs and estimated earnings in excess of billings (Note 4) | 5 | 4 | 4 | 3 | 1 | |
| Total current assets | 56 | 49 | 44 | 38 | 34 | |
| Maintenance and other inventory, net (Note 5) | 1 | 2 | 1 | 1 | — | |
| Property and equipment, net (Note 6) | 12 | 11 | 12 | 10 | 10 | |
| Patents, net | 270,370 | 292,593 | 0 | — | — | |
| Cash value of life insurance, net | 219,444 | 214,824 | 210,120 | 205,359 | — | |
| Other assets | 65,420 | 27,343 | 0 | — | — | |
| Deferred income taxes (Note 10) | 2 | 1 | 568,615 | 74,615 | 190,115 | |
| Assets | 72 | 63 | 58 | 49 | 46 | |
| Accounts payable | 1 | 1 | 2 | 1 | 2 | |
| Accrued expenses (Note 8) | 4 | 5 | 4 | 3 | 2 | |
| Billings in excess of costs and estimated earnings (Note 4) | 4 | 6 | 2 | 1 | 1 | |
| Accrued income taxes | 0 | 126,148 | 0 | — | — | |
| Total current liabilities | 10 | 12 | 8 | 6 | 5 | |
| Common Stock, Value | 104,835 | 104,056 | 102,127 | 101,342 | 101,305 | |
| Paid-in capital | 15 | 13 | 11 | 10 | — | |
| Retained earnings | 61 | 51 | 42 | 36 | 34 | |
| Treasury stock - 1,051,688 and 1,046,742 shares at cost | −13 | −13 | −3 | −3 | −3 | |
| Total stockholders' equity | 62 | 51 | 50 | 43 | 41 | |
| Liabilities and Equity | 72 | 63 | 58 | 49 | 46 |
Consolidated Statement of Cash Flows
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-05-31 | FY 2024 2024-05-31 | FY 2023 2023-05-31 | FY 2022 2022-05-31 | FY 2021 2021-05-31 |
|---|---|---|---|---|---|---|
| Depreciation | 2 | 2 | 1 | — | — | |
| Amortization | 22,223 | 7,407 | 0 | — | — | |
| Stock options issued for services | 1 | 1 | 417,253 | 201,278 | 154,343 | |
| Credit loss expense | 535,000 | 0 | 23,360 | 0 | — | |
| Provision for inventory obsolescence | 0 | 385,744 | 295,014 | 0 | — | |
| Deferred income taxes | −585,385 | −444,000 | −494,000 | 115,500 | — | |
| Accounts and other receivables | −922,377 | 341,096 | −1 | −346,122 | — | |
| Inventory | −129,315 | −3 | −277,214 | 486,191 | 2 | |
| Prepaid expenses | −399,372 | −285,899 | 28,882 | 54,258 | −62,535 | |
| Prepaid income taxes | −94,333 | 228,947 | 7,000 | 218,831 | — | |
| Costs and estimated earnings in excess of billings | −1 | −232,383 | −787,708 | −2 | −36,821 | |
| Accounts payable | −319,607 | −278,810 | 290,827 | −360,495 | 417,150 | |
| Accrued expenses | −592,027 | 586,141 | 664,008 | 1 | — | |
| Billings in excess of costs and estimated earnings | −1 | 4 | 869,707 | −239,222 | 625,119 | |
| Accrued income taxes | −126,148 | 126,148 | 0 | — | — | |
| Other assets | −38,077 | −27,343 | 0 | — | — | |
| Net operating activities | 7 | 13 | 8 | 3 | 7 | |
| Acquisition of property and equipment | −3 | −1 | −3 | −1 | −2 | |
| Patent expenditures | 0 | −300,000 | 0 | — | — | |
| Increase in short-term investments | −7 | −4 | −23 | −438 | — | |
| Increase in cash value of life insurance | −4,620 | −4,704 | −4,761 | −4,821 | — | |
| Net investing activities | −9 | −5 | −27 | −1 | −2 | |
| Proceeds from issuance of common stock | 363,319 | 967,119 | 302,705 | 16,245 | 43,416 | |
| Acquisition of treasury stock | −201,273 | −10 | −169,740 | 0 | — | |
| Net financing activities | 162,046 | −9 | 132,965 | 16,245 | 43,416 | |
| Net change in cash and cash equivalents | −2 | −743,748 | −19 | 2 | 5 |
Filings
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Frequently asked questions
What is TAYLOR DEVICES, INC.'s CIK number?
TAYLOR DEVICES, INC.'s SEC CIK number is 0000096536 (96536). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find TAYLOR DEVICES, INC.'s SEC filings?
All of TAYLOR DEVICES, INC.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.