Taylor Devices Announces Strong Second Quarter And Six Month Results
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
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)
SOURCE Taylor Devices, Inc.
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