Taylor Devices Announces Strong Fourth Quarter and Full Year Results
NORTH TONAWANDA, N.Y., Aug. 25 /PRNewswire-FirstCall/ -- Taylor Devices, Inc. (Nasdaq: TAYD) announced today that its sales for the 4th quarter were $4,589,548, up from last year's 4th quarter sales of $4,458,111.
Net earnings for the 4th quarter were $439,496, up from last year's 4th quarter profit of $336,531.
Net earnings for the full 09-10 fiscal year were $1,586,957, up substantially from the earnings of $571,894 reported for the comparable 08-09 period. Sales for the full year were $17,875,371, up from last year's $16,737,973.
"We expected to have a better bottom line this year and we did," stated Douglas P. Taylor, President. He continued, "Our full year net income for 2010 set a new company record and our sales (for the full year) were surpassed only by F/Y 2008." He continued, "Our firm order backlog at year-end remains at a healthy $13 million, essentially the same as the year ago level." He concluded, "Aerospace and military sales remain strong while sales to the worldwide construction markets continue to be challenging."
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.
4th Quarter (3 months ended 5/31/10 & 5/31/09) |
F/Y 09-10 |
F/Y 08-09 |
|
Sales |
$ 4,589,548 |
$ 4,458,111 |
|
Net Earnings |
$ 439,496 |
$ 336,531 |
|
Earnings per Share |
$ .13 |
$ .10 |
|
Shares Outstanding |
3,230,273 |
3,221,280 |
|
Fiscal Year |
F/Y 09-10 |
F/Y 08-09 |
|
Sales |
$ 17,875,371 |
$ 16,737,973 |
|
Net Earnings |
$ 1,586,957 |
$ 571,894 |
|
Earnings per Share |
$ .49 |
$ .18 |
|
Shares Outstanding |
3,230,273 |
3,221,280 |
|
Taylor's website can be visited at: www.taylordevices.com.
Taylor Devices, Inc.
SOURCE Taylor Devices, Inc.
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