Taylor Devices Announces First Quarter Results

Oct 10, 2013, 10:01 ET from Taylor Devices, Inc.

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




Net Earnings                                   

$   201,263

$   607,817

Earnings per Share                         

$           .06

$          .18

Weighted Average Shares Outstanding         




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


Artie Regan

Regan & Associates, Inc.

(212) 587-3005 (phone)

(212) 587-3006 (fax)


SOURCE Taylor Devices, Inc.