Taylor Devices Announces Third Quarter and Nine Month Results
NORTH TONAWANDA, N.Y., April 14, 2011 /PRNewswire/ -- Taylor Devices, Inc. (NASDAQ SmallCap: "TAYD") announced today that it had third quarter net earnings of $386,100, up from last year's third quarter earnings of $324,774. Net Earnings for the first nine months were $693,713, down from last year's first nine months net earnings of $1,147,461.
Sales for the third quarter were $4,979,343, up from last year's third quarter sales of $4,783,353. Sales for the first nine months were $13,781,168, up from last year's $13,285,823.
"Our firm order backlog continues to be very strong; it is currently at $13.6 million up from the $13 million level reported both last quarter and in the year ago period," stated Douglas P. Taylor, President. He continued, "While aerospace & defense sales remain steady, our commercial & construction industry sales have now substantially increased from their comparable 2010 levels." He concluded, "Our previously stated expectation of maintaining profitability throughout this fiscal year is being realized."
Taylor Devices, Inc. is a 56-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.
Third Quarter (3 months ended 02/28/11 & 02/28/10) |
F/Y 11 |
F/Y 10 |
|
Sales |
$4,979,343 |
$4,783,353 |
|
Net Earnings |
$ 386,100 |
$ 324,774 |
|
Earnings per Share |
$ .12 |
$ .10 |
|
Shares Outstanding |
3,225,759 |
3,223,903 |
|
Nine Months (9 months ended 02/28/11 & 02/28/10) |
F/Y 11 |
F/Y 10 |
|
Sales |
$13,781,168 |
$13,285,823 |
|
Net Earnings |
$ 693,713 |
$ 1,147,461 |
|
Earnings per Share |
$ .21 |
$ .36 |
|
Shares Outstanding |
3,225,759 |
3,223,903 |
|
Taylor's website can be visited at: www.taylordevices.com
CONTACT:
Artie Regan
Regan & Associates, Inc.
+1-212-587-3005 (phone)
+1-212-587-3006 (fax)
[email protected]
SOURCE Taylor Devices, Inc.
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