Taylor Devices, Inc. Reports Earnings Results for the Second Quarter Ended November 30, 2020
December 31, 2020 at 09:08 am EST
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Taylor Devices, Inc. announced earnings results for the second quarter ended November 30, 2020. For the second quarter, the company announced sales was USD 4.717 million compared to USD 7.702 million a year ago. Operating loss was USD 669,816 compared to operating Income of USD 1.115 million a year ago. Net income was USD 645,290 compared to USD 917,006 a year ago. Basic earnings per share from continuing operations was USD 0.19 compared to USD 0.26 a year ago. For the half year, sales was USD 10.477 million compared to USD 13.411 million a year ago. Operating loss was USD 478,451 compared to operating Income of USD 1.507 million a year ago. Net income was USD 821,301 compared to USD 1.271 million a year ago. Basic earnings per share from continuing operations was USD 0.24 compared to USD 0.37 a year ago.
Taylor Devices, Inc. is engaged in the design, development, manufacture and marketing of shock absorption, rate control, and energy storage devices for use in various types of machinery, equipment, and structures. In addition to manufacturing and selling existing product lines, the Company develops new and advanced technology products. The Company manufactures and sells a group of similar products that have different applications for customers. These similar products are included in one of eight categories, namely, Seismic Dampers, Fluidicshoks, Crane and Industrial Buffers, Self-Adjusting Shock Absorbers, Liquid Die Springs, Vibration Dampers, Machined Springs, and Custom Actuators. Custom derivations of all these products are designed and manufactured for various aerospace and defense applications. Seismic Dampers are designed to mitigate the effects of earthquakes on structures. Fluidicshoks are small, compact shock absorbers with up to 19,200 inch-pound capacities.
TAYLOR DEVICES, INC. 
