Taylor Devices Announces First Quarter Results
NORTH TONAWANDA, N.Y., Oct. 14, 2005 -- Taylor Devices, Inc. announced today that it had 1st quarter net earnings of $109,315, up from last year's 1st quarter earnings of $73,649.
Sales for the 1st quarter were $3,110,099, up substantially from last year's 1st quarter sales of $2,451,419.
"Our firm order backlog is now $7.8 million, up from $7.3 million at year end," stated Douglas P. Taylor, President. He concluded, "We continue to believe that both profitability & sales will improve in 2006."
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.
1st Quarter (3 months ended 8/31/05 & 8/31/04) F/Y 05 F/Y 04 Sales $3,110,099 $2,451,419 Net Earnings $ 109,315 $ 73,649 Earnings per Share $ .04 $ .02 Weighted Average Shares Outstanding 3,102,057 3,000,413 Taylor's website can be visited at: http://www.taylordevices.com/