NORTH TONAWANDA, N.Y.,
Oct. 11, 2012 /PRNewswire/
-- Taylor Devices, Inc. (NASDAQ SmallCap: TAYD)
announced today that it had 1st quarter sales of
$7,316,667, up sharply from last
year's 1st quarter sales of $4,572,702.
Net earnings for the 1st quarter were $607,817, also up substantially from last year's
1st quarter earnings of $408,117.
"Our firm order backlog is still at a healthy $13.8 million although down from previous record
levels," stated Douglas P. Taylor,
President. He continued, "The expansion of our manufacturing
facilities is continuing on schedule and we expect the entire
process to be completed as planned and within budget." He
concluded, "We believe 2013 will be another good and profitable
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.
|
1st Quarter (3 months ended 8/31/12
& 8/31/11)
|
F/Y
13
|
F/Y
12
|
|
Sales
|
$7,316,667
|
$4,572,702
|
|
Net
Earnings
|
$
607,817
|
$
408,117
|
|
Earnings
per Share
|
$
.18
|
$
.13
|
|
Weighted
Average Shares Outstanding
|
3,309,758
|
3,222,455
|
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.