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Taylor Devices Announces Strong Second Quarter And Six Month Results

NORTH TONAWANDA, N.Y., Jan. 14, 2013 /PRNewswire/ -- Taylor Devices, Inc.  (NASDAQ SmallCap: "TAYD") announced today that it had 2nd quarter Net earnings of $769,361, up sharply from last year's 2nd quarter earnings of $413,741.  Net earnings for the 1st six months were $1,377,178, also up significantly from last year's earnings of $821,858.

Sales for the second quarter were $6,508,172, down from last year's 2nd quarter sales of $6,781,754.   Sales for the 1st six months were $13,824,839, up from last year's sales of $11,354,456.

"The company continues to perform very well," stated Douglas P. Taylor, President. He continued, "Higher shipment levels have reduced the order backlog to a manageable $13 million, reducing the longer delivery times which tend to occur with a higher order backlog." He concluded, "We believe 2013 should be another good and profitable year."

Taylor Devices, Inc. is a 58 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.

2nd Quarter (3 months ended 11/30/12 & 11/30/11)

F/Y 13

F/Y 12




Sales

$6,508,172

$ 6,781,754




Net Earnings

$ 769,361

$ 413,741




Earnings per Share

$ .23

$ .13




Shares Outstanding

3,309,841

3,233,056




Six Months (6 months ended 11/30/12 & 11/30/11)

 F/Y 13

F/Y 12




Sales

$13,824,839

$11,354,456




Net Earnings

$ 1,377,178

$ 821,858




Earnings per Share

$ .42

$ .25




Shares Outstanding

3,309,924

3,237,093




Taylor's website can be visited at:  www.taylordevices.com

Contact: 

Artie Regan


Regan & Associates, Inc.


(212) 587-3005 (phone)


(212) 587-3006 (fax)


info@reganproxy.com

SOURCE Taylor Devices, Inc.

About PR Newswire
Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

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