NORTH TONAWANDA, N.Y.,
Oct. 11, 2018 /PRNewswire/
-- Taylor Devices, Inc. (NASDAQ SmallCap: "TAYD")
announced today that it had 1st quarter sales of
$7,314,094, up significantly from
last year's 1st quarter sales of $6,567,720.
Net earnings for the 1st quarter were $740,832, up sharply from last year's
1st quarter earnings of $301,747.
"Our current fiscal year is off to a much-improved start after a
disappointing finish to our last fiscal year; in particular, net
earnings are trending back towards where we want them to be to meet
the Company's strategic goals," stated Alan
R. Klembczyk, President. He continued, "Our firm order
backlog of $22.6 million at the end
of the first quarter is up slightly from the level of $21.6 million one year ago. It is
quite encouraging to note that our domestic sales have increased
37% from the same period of the prior year, primarily from sales to
customers in aerospace / defense. Additionally, we are
continuing our aggressive sales strategies across all market
sectors and more new opportunities are emerging." He
concluded, "We remain committed to making 2019 an energetic &
profitable year."
Taylor Devices, Inc. is a 63 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 8/31/18 & 8/31/17)
|
F/Y 19
|
F/Y 18
|
|
|
|
Sales
|
$7,314,094
|
$6,567,720
|
|
|
|
Net
Earnings
|
$
740,832
|
$
301,747
|
|
|
|
Earnings per
Share
|
$
.21
|
$
.09
|
|
|
|
Weighted Average
Shares Outstanding
|
3,466,589
|
3,443,475
|
Taylor's website can be visited at: www.taylordevices.com
; with company newsletters at
www.taylordevices.com/press-releases.html . Additional
information can also be found at www.seismicdamper.com .
Taylor Devices, Inc.
Contact:
Artie Regan
Regan & Associates, Inc.
(212) 587-3005 (phone)
(212) 587-3006 (fax)
info@reganproxy.com
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SOURCE Taylor Devices, Inc.