Taylor Devices Announces First Quarter Results

NORTH TONAWANDA, N.Y., Oct. 10, 2013 /PRNewswire/ -- Taylor Devices, Inc. (NASDAQ SmallCap: TAYD) announced today that it had 1st quarter sales of $5,296,666, down from last year's 1st quarter sales of $7,316,667.

Net earnings for the 1st quarter were $201,263, down from last year's 1st quarter earnings of $607,817.

"Our firm order backlog is at a healthy $15.4 million, up from both last quarter and our year ago levels," stated Douglas P. Taylor, President.  He continued, "With the expansion of our manufacturing facilities essentially complete, we can now devote all of our attention to running the business." He concluded, "2014 should be another good and profitable year."

Taylor Devices, Inc. is a 58 year old company engaged in the design, development, manufacture & marketing of shock absorption, rate control and energy storage devices for use in various types of vehicles, machinery, equipment & structures.  The company continues to achieve growth in the developing seismic protection field and in the isolation of wind-induced vibrations.

1st Quarter (3 months ended 8/31/13 & 8/31/12)  

   F/Y 14

                      F/Y 13




Sales                                             

$5,296,666

$7,316,667




Net Earnings                                   

$   201,263

$   607,817




Earnings per Share                         

$           .06

$          .18




Weighted Average Shares Outstanding         

3,318,602

3,309,758

 

Taylor's website can be visited at:  www.taylordevices.com

Contact: 

Artie Regan


Regan & Associates, Inc.


(212) 587-3005 (phone)


(212) 587-3006 (fax)


info@reganproxy.com

SOURCE Taylor Devices, Inc.



RELATED LINKS
http://www.taylordevices.com

More by this Source


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

 

PR Newswire Membership

Fill out a PR Newswire membership form or contact us at (888) 776-0942.

Learn about PR Newswire services

Request more information about PR Newswire products and services or call us at (888) 776-0942.