NORTH TONAWANDA, N.Y.,
Jan. 12, 2012 /PRNewswire/ --
Taylor Devices, Inc. (NASDAQ SmallCap: TAYD) announced today
that it had 2nd quarter sales of $6,781,754, up significantly from last year's 2nd
quarter sales of $4,525,002. Sales for the 1st six
months were $11,354,456, also up from
last year's sales of $8,801,825.
Net earnings for the 2nd quarter were $413,741, up sharply from last year's 2nd quarter
earnings of $122,975. Net
earnings for the 1st six months were $821,858, also up substantially from last year's
earnings of $307,613.
"Our firm order backlog is now at a record $25 million; last year at this time it was
$13 million. The product mix
for this backlog is now approximately 19% aerospace/military with
the remaining 81% comprised of commercial/seismic orders," stated
Douglas P. Taylor, President.
He concluded, "We are self funding a multi-year expansion plan that
will more than double the Company's manufacturing space by the end
of 2013."
Taylor Devices, Inc. is a 57-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.
|
2nd
Quarter (3 months ended 11/30/11 & 11/30/10)
|
F/Y
12
|
F/Y
11
|
|
|
|
|
|
Sales
|
$6,781,754
|
$4,525,002
|
|
|
|
|
|
Net
Earnings
|
$
413,741
|
$
122,975
|
|
|
|
|
|
Earnings
per
Share
|
$
.13
|
$
.04
|
|
|
|
|
|
Shares
Outstanding
|
3,233,056
|
3,229,971
|
|
|
|
|
|
Six Months
(6 months ended 11/30/11 & 11/30/10)
|
F/Y
12
|
F/Y
11
|
|
|
|
|
|
Sales
|
$11,354,456
|
$8,801,825
|
|
|
|
|
|
Net
Earnings
|
$
821,858
|
$
307,613
|
|
|
|
|
|
Earnings
per
Share
|
$
.25
|
$
.10
|
|
|
|
|
|
Shares
Outstanding
|
3,237,093
|
3,229,971
|
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.