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Taylor Devices Announces Strong Second Quarter And Six Month Results

NORTH TONAWANDA, N.Y., Jan. 14, 2013 /PRNewswire/ -- Taylor Devices, Inc.  (NASDAQ SmallCap: "TAYD") announced today that it had 2nd quarter Net earnings of $769,361, up sharply from last year's 2nd quarter earnings of $413,741.  Net earnings for the 1st six months were $1,377,178, also up significantly from last year's earnings of $821,858.

Sales for the second quarter were $6,508,172, down from last year's 2nd quarter sales of $6,781,754.   Sales for the 1st six months were $13,824,839, up from last year's sales of $11,354,456.

"The company continues to perform very well," stated Douglas P. Taylor, President. He continued, "Higher shipment levels have reduced the order backlog to a manageable $13 million, reducing the longer delivery times which tend to occur with a higher order backlog." He concluded, "We believe 2013 should be another good and profitable 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.

2nd Quarter (3 months ended 11/30/12 & 11/30/11)

F/Y 13

F/Y 12




Sales

$6,508,172

$ 6,781,754




Net Earnings

$ 769,361

$ 413,741




Earnings per Share

$ .23

$ .13




Shares Outstanding

3,309,841

3,233,056




Six Months (6 months ended 11/30/12 & 11/30/11)

 F/Y 13

F/Y 12




Sales

$13,824,839

$11,354,456




Net Earnings

$ 1,377,178

$ 821,858




Earnings per Share

$ .42

$ .25




Shares Outstanding

3,309,924

3,237,093




Taylor's website can be visited at:  www.taylordevices.com

Contact: 

Artie Regan


Regan & Associates, Inc.


(212) 587-3005 (phone)


(212) 587-3006 (fax)


info@reganproxy.com

SOURCE Taylor Devices, Inc.

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