Taylor Devices Announces Strong Second Quarter And Six Month Results

     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)
          info@reganproxy.com

SOURCE Taylor Devices, Inc.

Website: http://www.taylordevices.com
 
Press spacebar to pause and continue. Press esc to stop.