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Taylor Devices Announces Full Year And Fourth Quarter Results

        Taylor Devices Announces Full Year And Fourth Quarter Results

PR Newswire

NORTH TONAWANDA, N.Y., Aug. 29, 2013

NORTH TONAWANDA, N.Y., Aug. 29, 2013 /PRNewswire/ -- Taylor Devices, Inc.
(NASDAQ SmallCap: "TAYD") announced today that it had set an all-time, full
fiscal year net income record of $2,547,794, up 16% from the previous record
of $2,198,931, set just last year in 2012. Net earnings for the 4^th quarter
were $548,101, down from last year's 4^th quarter profit of $862,860.

Sales for the full year were $24,729,585, down from last year's record level
of $29,006,812. Sales for the 4^th quarter were $5,151,806, down from last
year's 4^th quarter sales of $9,643,520.

"Our firm order backlog was $13.1 million at year-end; up from the $11.7
million level reported only one quarter ago," stated Douglas P. Taylor,
President. He continued, "It is noteworthy that the setting of an all-time
record for full year profitability coincides with the substantial completion
of the expansion of our manufacturing space." He concluded, "We were pleased
with our 2013 performance and believe the company is now positioned to perform
well for the foreseeable future."

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.



4th Quarter (3 months ended 5/31/13 &         F/Y            F/Y
5/31/12)                               12-13    11-12
Sales            $5,151,806        $9,643,520
Net Earnings     $  548,101       $  862,860
Earnings per                                  $      .16   $     
Share                             .26
Shares Outstanding      3,311,035         3,309,676
Fiscal Year                                   F/Y 12-13         F/Y 11-12
Sales                                         $24,729,585       $29,006,812
Net Earnings                                  $ 2,547,794      $ 2,198,931
Earnings per Share                            $       .76 $      
                                                                .67
Shares Outstanding                            3,311,035         3,309,676



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