Taylor Devices Announces Third Quarter and Nine Month Results

NORTH TONAWANDA, N.Y., April 14 -- Taylor Devices, Inc. announced today that it had 3rd quarter net earnings (loss) of ($42,545), down from last year's 3rd quarter earnings of $55,862. Net Earnings for the 1st nine months were $44,542, up sharply from last year's net earnings (loss) of ($262,712).

Sales for the 3rd quarter were $2,619,488, down from last year's 3rd quarter sales of $3,372,094. Sales for the 1st nine months were $7,720,634, down from last year's $9,715,617.

The firm order backlog is $7.5 million, up significantly from $6.5 million in the spring of 2004.

Taylor Devices, Inc. is a 50-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 machinery, equipment & structures. The company continues to achieve growth in the developing seismic protection field and in the isolation of wind-induced vibrations.

  3rd Quarter (3 months ended 02/28/05 & 02/29/04)     F/Y 05       F/Y 04

   Sales                                           $2,619,488   $3,372,094

   Net Earnings                                      $(42,545)     $55,862

   Earnings per Share                                   $(.01)        $.02

   Shares Outstanding                               3,102,057    2,973,603

  Nine Months (9 months ended 02/28/05 & 02/29/04)     F/Y 05       F/Y 04

   Sales                                           $7,720,634   $9,715,617

   Net Earnings                                       $44,542    $(262,712)

   Earnings per Share                                    $.01        $(.09)

   Shares Outstanding                               3,102,057    2,973,603

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