NORTH TONAWANDA, N.Y.,
Aug. 29, 2012 /PRNewswire/ -- Taylor
Devices, Inc. (NASDAQ SmallCap: TAYD) announced today that it
had record sales for the 4th quarter of $9,643,520, up significantly from last year's
4th quarter sales of $7,125,138.
Net earnings for the 4th quarter were $862,860, up from last year's 4th
quarter profit of $722,796.
Sales for the full year were an all-time record of $29,006,812, up substantially from last year's
$20,906,306. Net earnings for
the full 11-12 fiscal year were also an all-time record at
$2,198,931, up from the earnings of
$1,416,509 reported for the
comparable 10-11 period.
"Our full year sales and net income figures for 2012 set new
company records," stated Douglas P.
Taylor, President. He continued, "Our firm order
backlog at year-end was $17.5
million; up substantially from the year ago level of
$15 million." He continued
"Record shipments of Seismic Dampers to Asia have been influenced by major earthquakes
over the past several years; we had 10 new order announcements to
Asian clients alone in the last quarter." He concluded, "The
expansion of our manufacturing space in our three new buildings is
on budget and schedule; 2013 should be another good year."
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.
4th
Quarter (3 months ended 5/31/12 &
5/31/11)
|
F/Y
11-12
|
F/Y
10-11
|
|
|
|
Sales
|
$9,643,520
|
$7,125,138
|
|
|
|
Net
Earnings
|
$
862,860
|
$
722,796
|
|
|
|
Earnings
per
Share
|
$
.26
|
$
.23
|
|
|
|
Shares
Outstanding
|
3,309,676
|
3,231,199
|
|
|
|
|
|
|
|
|
|
Fiscal
Year
|
F/Y
11-12
|
F/Y
10-11
|
|
|
|
Sales
|
$29,006,812
|
$20,906,306
|
|
|
|
Net
Earnings
|
$
2,198,931
|
$
1,416,509
|
|
|
|
Earnings
per
Share
|
$
.67
|
$
.44
|
|
|
|
Shares
Outstanding
|
3,309,676
|
3,231,199
|
Taylor's website can be visited at: www.taylordevices.com
Contact:
|
Artie
Regan
|
|
Regan
& Associates, Inc.
|
|
(212)
587-3005 (phone)
|
|
(212)
587-3006 (fax)
|
|
info@reganproxy.com
|
SOURCE Taylor Devices, Inc.