Taylor Devices Announces Strong Second Quarter And Six Month Results PR Newswire NORTH TONAWANDA, N.Y., Jan. 14, 2013 NORTH TONAWANDA, N.Y., Jan. 14, 2013 /PRNewswire/ -- Taylor Devices, Inc. (NASDAQ SmallCap: "TAYD") announced today that it had 2^nd quarter Net earnings of $769,361, up sharply from last year's 2^nd quarter earnings of $413,741. Net earnings for the 1^st six months were $1,377,178, also up significantly from last year's earnings of $821,858. Sales for the second quarter were $6,508,172, down from last year's 2^nd quarter sales of $6,781,754. Sales for the 1^st six months were $13,824,839, up from last year's sales of $11,354,456. "The company continues to perform very well," stated Douglas P. Taylor, President. He continued, "Higher shipment levels have reduced the order backlog to a manageable $13 million, reducing the longer delivery times which tend to occur with a higher order backlog." He concluded, "We believe 2013 should be another good and profitable year." Taylor Devices, Inc. is a 58 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. 2^nd Quarter (3 months ended 11/30/12 & 11/30/11) F/Y 13 F/Y 12 Sales $6,508,172 $ 6,781,754 Net Earnings $ 769,361 $ 413,741 Earnings per Share $ .23 $ .13 Shares Outstanding 3,309,841 3,233,056 Six Months (6 months ended 11/30/12 & 11/30/11) F/Y 13 F/Y 12 Sales $13,824,839 $11,354,456 Net Earnings $ 1,377,178 $ 821,858 Earnings per Share $ .42 $ .25 Shares Outstanding 3,309,924 3,237,093 Taylor's website can be visited at: www.taylordevices.com Contact: Artie Regan Regan & Associates, Inc. (212) 587-3005 (phone) (212) 587-3006 (fax) email@example.com SOURCE Taylor Devices, Inc. Website: http://www.taylordevices.com
Taylor Devices Announces Strong Second Quarter And Six Month Results
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