TAYLOR DEVICES, INC. FOR IMMEDIATE RELEASE:
'TAYD') announced today that it had 1st quarter sales of $9,473,414, up sharply from last year's 1st quarter sales of $6,551,382.
Net earnings for the 1st quarter were $1,009,649, up dramatically from last year's 1st quarter earnings of $392,306.
'Our sales increased by almost $3 million while our net earnings more than doubled,' stated Douglas
P. Taylor, President. He continued, 'It pleases me greatly that these results were achieved while our firm order backlog actually increased to $26.4 million from the year ago level of $24.1 million.' He concluded, 'It is safe to say that our company is now firing on all cylinders.'
Taylor Devices is moving forward on a building expansion project, adding additional space for accommodating assembly and testing of ever-larger seismic dampers, approaching 50 ft. in length. The increased physical size of these products is due to upgraded seismic codes world-wide, requiring larger seismic energy absorption products.
Taylor Devices, Inc. is a 60 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.
1st Quarter (3 months ended 8/31/15 & 8/31/14) | F/Y 16 | F/Y 15 |
Sales | $9,473,414 | $6,551,382 |
Net Earnings | $1,009,649 | $ 392,306 |
Earnings per Share | $ .30 | $ .12 |
Weighted Average Shares Outstanding | 3,365,821 | 3,342,934 |
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
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