NORTH TONAWANDA, N.Y., April 14 /PRNewswire-FirstCall/ -- Taylor Devices, Inc. announced today that it had third quarter net earnings of $365,009, up significantly from last year's third quarter earnings of $238,171. Net Earnings for the first nine months were $826,548, up substantially from last year's first nine months net earnings of $532,458. Sales for the third quarter were $4,926,252, up from last year's third quarter sales of $4,604,636. Sales for the first nine months were $13,610,843, up appreciably from last year's $12,429,113. "At this time last year, I commented that our sales for the first nine months were up over $1.8 million over the comparable 2006 period," stated Douglas P. Taylor, President. He continued, "This year, I'm pleased to report that our first nine month sales are up another approximately $1.2 million from last year's healthy level." He concluded, "We expected another very strong year and we're getting one." Taylor Devices, Inc. is a 53-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.
Third Quarter
(3 months ended 02/29/08 & 02/28/07) F/Y 08 F/Y 07
Sales $ 4,926,252 $ 4,604,636
Net Earnings $ 365,009 $ 238,171
Earnings per Share $ .12 $ .08
Shares Outstanding 3,156,061 3,151,423
Nine Months
(9 months ended 02/29/08 & 02/28/07) F/Y 08 F/Y 07
Sales $13,610,843 $12,429,113
Net Earnings $ 826,548 $ 532,458
Earnings per Share $ .26 $ .17
Shares Outstanding 3,156,061 3,151,423
Taylor's website can be visited at: www.taylordevices.com
Taylor Devices, Inc.
|
