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Taylor Devices Announces Strong First Quarter Results

10:11 EDT Thursday, October 13, 2011

NORTH TONAWANDA, N.Y., Oct. 13, 2011 /PRNewswire/ -- Taylor Devices, Inc. (NASDAQ SmallCap: TAYD) announced today that it had 1st quarter sales of $4,572,702, up from last year's 1st quarter sales of $4,276,823.

Net earnings for the 1st quarter were $408,117, up substantially from last year's 1st quarter earnings of $184,638.

"Our firm order backlog is now at a record $21.9 million, up 62% from the $13.5 million level it was at one year ago and up solidly from the $15 million mark at year-end," stated Douglas P. Taylor, President.  He continued, "As worldwide construction markets improve, we are seeing a greater demand for products that provide protection to bridges & buildings from wind and seismic events."  He concluded, "2012 should be a good and profitable year."

Taylor Devices, Inc. is a 56 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 8/31/11 & 8/31/10)    

F/Y 12

F/Y 11

Sales

$4,572,702

$4,276,823

Net Earnings

$   408,117

$   184,638

Earnings per Share

$           .13

$           .06

Weighted Average Shares Outstanding

3,222,455

3,230,965

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.




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