Taylor Devices Announces First Quarter Results

Oct 13, 2010, 09:30 ET from Taylor Devices, Inc.

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)


info@reganproxy.com





SOURCE Taylor Devices, Inc.



RELATED LINKS

http://www.taylordevices.com