Taylor Devices Revenue, Net Income & 10-K Summary

Company profile

Incorporated in New York on July 22, 1955.
Designs, develops, manufactures, and markets shock absorption, rate control, and energy storage devices for machinery, equipment, and structures.
Focuses on both established product lines and new advanced-technology products.
Primary markets include aerospace, defense, and industrial applications.

Seismic Dampers: Mitigate earthquake effects on structures; a substantial portion of sales.
Fluidicshoks®: Very compact shock absorbers with capacities up to 19,200 inch‑pounds; 12 standard sizes; used in defense, aerospace, and commercial sectors.
Crane and Industrial Buffers: Larger versions of Fluidicshoks® with capacities up to 10,890,000 inch‑pounds; over 50 standard sizes; used on cranes, dock equipment, ladle/ingot cars, ore trolleys, and train car stops.
Self-Adjusting Shock Absorbers: Variants of Fluidicshoks® and buffers that auto-adjust to varying impacts; designed for high-cycle, heavy-industry use.
Liquid Die Springs: Component parts used in tooling and dies.
Vibration Dampers: Control vibration in aerospace/defense electronics and optics for air, sea, and space environments.
Machined Springs: Precisely engineered springs for aerospace applications requiring features not achievable with standard springs.
Custom Shock and Vibration Isolators: Configurations include liquid springs, fluid dampers, elastomeric springs, and Pumpkin™ Mounts; typically for defense applications.
Custom Actuators: Gas-charged, high-pressure actuators with custom features for special aerospace and defense uses.

Primary selling force consists of in-house technical sales staff in the United States.
Internationally, non-employee sales representatives are used periodically; some handle specialized technical marketing with in-house support.
Commission structure for non-employee reps is 5%–10% of the product’s net selling price.
Non-employee commission expense was zero in both 2026 and 2025.
Some foreign representatives purchase for resale under non-exclusive agreements.

In 2026, five customers accounted for approximately 45% of net sales (11%, 11%, 10%, 8%, and 5%).
In 2025, five customers accounted for approximately 42% of net sales, including customers representing 21%, 15%, and 6% of net sales.
Management states that loss of major customers could have a material adverse effect if not replaced.

No inventory is held on consignment; no consignment sales in 2026 or 2025.
No extended payment terms are offered.
Typical delivery time after order receipt for standard industrial products is 8–10 weeks (as of 2026).

Some contracts with the federal government or its contractors are fixed-price and terminable at the government’s discretion.
Reductions in federal defense spending could result in contract reductions or terminations that affect results.

Overall product R&D: $776,000 in 2026; $444,000 in 2025.
Government-funded R&D: $1,482,000 in 2026; $1,141,000 in 2025.
Customer-funded R&D: $90,000 in 2026; $228,000 in 2025.
R&D activities include company-funded and customer- or government-funded projects to support growth and market presence.

Cybersecurity program aligned with NIST SP 800-171 controls and DoD CMMC Level 2.
Company-wide security policies, 24/7 monitoring, vulnerability testing, phishing simulations, and role-specific training are in place.
Uses third-party reviews and risk-based monitoring of cloud services and other third-party providers.
Board and management provide oversight; cybersecurity incidents are evaluated for materiality and disclosure.

Primary production facilities on Tonawanda Island, North Tonawanda, NY: approximately 6 acres with four interconnected buildings and two adjacent buildings totaling more than 54,000 sq ft:
- Small parts plant: ~4,400 sq ft
- Large parts plant: ~13,500 sq ft
- Test facility / storage / office: ~7,000 sq ft
- Adjacent seismic assembly/test facility: ~27,000 sq ft (includes overhead cranes and long-bed damper test machines)
- Training facility: ~2,000 sq ft
Remote test facility: ~1,200 sq ft.
Two additional industrial buildings on nine nearby acres totaling ~46,000 sq ft (machine shop and painting/packaging facility).
Facilities support large-scale damper testing and manufacturing beyond the main site.