NORTH TONAWANDA, N.Y., Oct. 13 /PRNewswire-FirstCall/ -- Taylor Devices, Inc. (Nasdaq SmallCap: TAYD) announced today that it had 1st quarter sales of $4,276,823, down from last year's 1st quarter sales of $5,013,673.
Net earnings for the 1st quarter were $184,638, down from last year's 1st quarter earnings of $320,797.
"Our firm order backlog is now at $13.5 million, up substantially from the $11.3 million level it was at one year ago and, up from the $13 million mark at year-end," stated Douglas P. Taylor, President. He continued, "While worldwide construction markets are still extremely challenging, our aerospace and military sales remain very strong." He concluded, "We are still expecting good profitability for the entire fiscal year."
Taylor Devices, Inc. is a 55 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 8/31/10 & 8/31/09) |
F/Y 11 |
F/Y 10 |
|
Sales |
$4,276,823 |
$5,013,673 |
|
Net Earnings |
$184,638 |
$320,797 |
|
Earnings per Share |
$.06 |
$.10 |
|
Weighted Average Shares Outstanding |
3,230,965 |
3,222,327 |
|
Taylor's website can be visited at: www.taylordevices.com
Taylor Devices, Inc.
CONTACT: |
Artie Regan |
|
Regan & Associates, Inc. |
||
(212) 587-3005 (phone) |
||
(212) 587-3006 (fax) |
||
SOURCE Taylor Devices, Inc.
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article