NORTH TONAWANDA, N.Y., Oct. 11, 2012 /PRNewswire/ -- Taylor Devices, Inc. (NASDAQ SmallCap: TAYD) announced today that it had 1st quarter sales of $7,316,667, up sharply from last year's 1st quarter sales of $4,572,702.
Net earnings for the 1st quarter were $607,817, also up substantially from last year's 1st quarter earnings of $408,117.
"Our firm order backlog is still at a healthy $13.8 million although down from previous record levels," stated Douglas P. Taylor, President. He continued, "The expansion of our manufacturing facilities is continuing on schedule and we expect the entire process to be completed as planned and within budget." He concluded, "We believe 2013 will be another good and profitable year."
Taylor Devices, Inc. is a 57 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 8/31/12 & 8/31/11)
Earnings per Share
Weighted Average Shares Outstanding
Taylor's website can be visited at: www.taylordevices.com
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SOURCE Taylor Devices, Inc.