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.
