Taylor Devices Reports Record Quarter and Nine Months

Apr 11, 2001, 01:00 ET from Taylor Devices, Inc.

    NORTH TONAWANDA, N.Y., April 11 /PRNewswire/ -- "Domestic earthquakes and
 those around the world, have focused interest and boosted demand for Taylor's
 seismic shock absorbers," said Douglas P. Taylor, president of
 Taylor Devices, Inc. (Nasdaq: TAYD).
     Taylor announced record 3rd quarter sales and earnings, reporting a 44%
 increase in earnings per share.
     Nine months sales and earnings results also set corporate records
 resulting in a 29% increase in earnings per share.
     Taylor states its current order backlog is at $15 million. Additional
 plant manufacturing and assembly facilities are being built to meet production
 schedules.
     Mr. Taylor stated, "I am glad to report that buildings and bridges
 protected with Taylor seismic dampers were not damaged by the recent 6.8 quake
 in the Pacific Northwest. In fact, one witness said 'a hospital seemed to
 float through the shock.'"
     In addition to a strong seismic market developing, sizeable aerospace/
 defense contracts are continuing, so management believes Taylor's fiscal year
 will equal or surpass results of the previous year.
 
                                            TAYLOR DEVICES, INC. (Nasdaq: TAYD)
                                                  Three Months Ended Feb. 28/29
 
                                                         2001           2000
 
     Net Sales                                     $3,623,158     $3,416,968
     Profit from Operations                           530,825        377,036
     Net Income                                       341,064        235,612
     Earnings Per Share                                  .123           .085
 
                                                   Nine Months Ended Feb. 28/29
 
     Net sales                                     $8,913,431     $8,275,632
     Profit from Operations                         1,036,307        797,869
     Net Income                                       615,702        477,279
     Earnings per Share                                  .221           .172
 
     Shares Outstanding                             2,782,661      2,772,956
 
 

SOURCE Taylor Devices, Inc.
    NORTH TONAWANDA, N.Y., April 11 /PRNewswire/ -- "Domestic earthquakes and
 those around the world, have focused interest and boosted demand for Taylor's
 seismic shock absorbers," said Douglas P. Taylor, president of
 Taylor Devices, Inc. (Nasdaq: TAYD).
     Taylor announced record 3rd quarter sales and earnings, reporting a 44%
 increase in earnings per share.
     Nine months sales and earnings results also set corporate records
 resulting in a 29% increase in earnings per share.
     Taylor states its current order backlog is at $15 million. Additional
 plant manufacturing and assembly facilities are being built to meet production
 schedules.
     Mr. Taylor stated, "I am glad to report that buildings and bridges
 protected with Taylor seismic dampers were not damaged by the recent 6.8 quake
 in the Pacific Northwest. In fact, one witness said 'a hospital seemed to
 float through the shock.'"
     In addition to a strong seismic market developing, sizeable aerospace/
 defense contracts are continuing, so management believes Taylor's fiscal year
 will equal or surpass results of the previous year.
 
                                            TAYLOR DEVICES, INC. (Nasdaq: TAYD)
                                                  Three Months Ended Feb. 28/29
 
                                                         2001           2000
 
     Net Sales                                     $3,623,158     $3,416,968
     Profit from Operations                           530,825        377,036
     Net Income                                       341,064        235,612
     Earnings Per Share                                  .123           .085
 
                                                   Nine Months Ended Feb. 28/29
 
     Net sales                                     $8,913,431     $8,275,632
     Profit from Operations                         1,036,307        797,869
     Net Income                                       615,702        477,279
     Earnings per Share                                  .221           .172
 
     Shares Outstanding                             2,782,661      2,772,956
 
 SOURCE  Taylor Devices, Inc.