Taylor Devices Announces Strong Fourth Quarter And Full Year Results

Aug 27, 2015, 10:55 ET from Taylor Devices, Inc.

NORTH TONAWANDA, N.Y., Aug. 27, 2015 /PRNewswire/ -- Taylor Devices, Inc.  (NASDAQ SmallCap: TAYD) announced today that it had sales for the 4th quarter of $10,766,451, up sharply from last year's 4th quarter sales of $5,303,755.  Sales for the full year were $30,589,266, an all-time record and also up significantly from last year's level of $20,011,228

Net earnings for the 4th quarter were $886,575, more than double last year's 4th quarter profit of $401,290.  Net income for the full fiscal year was $2,174,948, also up substantially from last year's full fiscal year net income of $1,131,212.

"It is reasonable to say that this last year has been a very good year," stated Douglas P. Taylor, President.  He continued, "To have added over $10 million in sales while maintaining our firm order backlog at $25.2 million, up slightly from the $24.6 million level reported one year ago, is quite impressive."  He concluded, "We anticipate that this next year will be another good year, as well."

Taylor Devices, Inc. is a 60 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.

 

4th Quarter  (3 months ended 5/31/15 & 5/31/14)


F/Y 15

F/Y 14





Sales              


$ 10,766,451

$ 5,303,755





Net Earnings     


$      886,575

$    401,290





Earnings per Share                                         


$              .26

$            .12





Shares Outstanding                                         


3,363,664

3,342,816









Fiscal Year   


F/Y 15

F/Y 14





Sales                                                         


$ 30,589,266

$ 20,011,228





Net Earnings               


$   2,174,948

$   1,131,212





Earnings per Share                                   


$              .64

$              .34





Shares Outstanding             


3,363,664

3,342,816

 

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