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Taylor Devices Announces Strong Second Quarter And Six Month Results
By: PR Newswire
Jan. 14, 2013 10:08 AM
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.
Taylor's website can be visited at: www.taylordevices.com
SOURCE Taylor Devices, Inc.
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