NORTH TONAWANDA, N.Y., April 11 /PRNewswire-FirstCall/ -- Taylor Devices, Inc. (Nasdaq: TAYD) announced today that it had 3rd quarter net earnings of $238,171 , up dramatically from last year's 3rd quarter earnings of $78,541 . Net Earnings for the 1st nine months were $532,458 , up significantly from last year's 1st nine months net earnings of $308,608 .
Sales for the 3rd quarter were $4,604,636 , up from last year's 3rd quarter sales of $4,114,446 . Sales for the 1st nine months were $12,429,113 , up notably from last year's $10,594,573 .
'Our sales for the 1st nine months were up over $1.8 million while our firm order backlog continues to hold steady at $12.4 million ,' stated Douglas P. Taylor, President. He concluded, 'Our Board and senior management are very pleased with our strengthening international sales & orders and we expect to finish this fiscal year on a very positive note.'
Taylor Devices, Inc. is a 52-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.
3rd Quarter
(3 months ended 02/28/07 & 02/28/06) F/Y 07 F/Y 06
Sales $4,604,636 $4,114,446
Net Earnings $238,171 $78,541
Earnings per Share $.08 $.03
Shares Outstanding 3,144,221 3,103,892
Nine Months
(9 months ended 02/28/07 & 02/28/06) F/Y 07 F/Y 06
Sales $12,429,113 $10,594,573
Net Earnings $532,458 $308,608
Earnings per Share $.17 $.10
Shares Outstanding 3,144,221 3,103,892
Taylor's website can be visited at: http://www.taylordevices.com
SOURCE Taylor Devices, Inc.
