Taylor Devices Announces Strong Third Quarter And Nine Month Results

     Taylor Devices Announces Strong Third Quarter And Nine Month Results

PR Newswire

NORTH TONAWANDA, N.Y., April 11, 2013

NORTH TONAWANDA, N.Y., April 11, 2013 /PRNewswire/ --Taylor Devices, Inc.
(NASDAQ SmallCap: "TAYD") announced today that it had third quarter net
earnings of $622,515, up from last year's third quarter earnings of
$514,213. Net Earnings for the first nine months were $1,999,693, up
significantly from last year's first nine months net earnings of $1,336,071.

Sales for the third quarter were $5,752,940, down from last year's third
quarter sales of $8,008,836. Sales for the first nine months were
$19,577,779, up from last year's $19,363,292.

"Our profitability is being helped by the expansion of our manufacturing
facilities which we first announced in 2011," stated Douglas P. Taylor,
President. He continued, "The work on two of our three new buildings has
already been completed and we are expecting the third building to be finished
this year." He concluded, "With our firm order backlog still at a healthy
$11.7 million, 2013 will be another good 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.

Third Quarter (3 months ended 02/28/13 & 02/29/12)    F/Y 13      F/Y 12
Sales              $ 5,752,940 $ 8,008,836
 
Net Earnings     $          $ 
                                      622,515    514,213
Earnings per                                           $      $     
Share   .19        .16
Shares Outstanding         3,310,048   3,243,282

Nine Months (9 months ended 02/28/13 & 02/29/12)       F/Y 13      F/Y 12
Sales              $           $
                             19,577,779  19,363,292
Net Earnings     $          $ 
                                          1,999,693   1,336,071
Earnings per                                           $      $     
Share            .60       .41
Shares Outstanding 3,310,171   3,249,471

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.

Website: http://www.taylordevices.com