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)
Earnings per Share
Weighted Average Shares Outstanding
Taylor's website can be visited at: www.taylordevices.com
Taylor Devices, Inc.
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SOURCE Taylor Devices, Inc.