TAYLOR DEVICES ANNOUNCES STRONG THIRD QUARTER AND NINE MONTH RESULTS
NORTH TONAWANDA, NY, MARCH 29, 2019 - Taylor Devices, Inc. (NASDAQ SmallCap: "TAYD") announced today that it had 3nd quarter sales of $7,812,496, up considerably from last year's 3nd quarter sales of $6,573,658. Year-to-date sales through nine months were $24,605,749, a substantial increase over last year's level of $17,953,152 through nine months.
Net earnings for the 3rd quarter were $445,786, up sharply compared to last year's 3rd quarter loss of $23,417. Net earnings for the full nine months were $1,562,135, more than four times last year's level of $330,477.
"After solid performance for the first half of this fiscal year, we are happy to announce continued improvement over the first 3 quarters when compared to last year," stated Alan R. Klembczyk, President. He continued, "Over nine months, we have recorded a 37% increase in revenue and a 373% increase in net profit. Over that same period, structural products sales increased 62%, while aerospace & defense sales increased by 14%."
He concluded, "Our 3rd quarter results will help us to make 2019 a solidly profitable year and we remain committed to increasing revenue long-term."
Taylor Devices, Inc. is a 64-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(02-28-19)
F/Y 18-19
F/Y 17-18
SALES
$7,812,496
$6,573,658
NET EARNINGS
$445,786
($23,417)
AVERAGE NUMBER OF SHARES OUTSTANDING
3,467,250
3,449,366
EARNINGS PER SHARE
$0.13
($0.01)
NINE MONTHS(02-28-19)
F/Y 18-19
F/Y 17-18
SALES
$24,605,749
$17,953,152
NET EARNINGS
$1,562,135
$330,477
AVERAGE NUMBER OF SHARES OUTSTANDING
3,467,497
3,451,348
EARNINGS PER SHARE
$0.45
$0.09
TAYD: 03/29/19
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Taylor's website can be visited at: www.taylordevices.com; with company newsletters at www.taylordevices.com/investors.
Taylor Devices Inc. published this content on 29 March 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 29 March 2019 13:31:16 UTC
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. 
