Taylor Devices Announces Strong Fourth Quarter and Full Year Results

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Aug 25, 2011, 09:50 ET

NORTH TONAWANDA, N.Y., Aug. 25, 2011 /PRNewswire/ -- Taylor Devices, Inc. (NASDAQ SmallCap: "TAYD") announced today that its sales for the 4th quarter were $7,125,138, up from last year's 4th quarter sales of $4,589,548.

Net earnings for the 4th quarter were $722,796, up substantially from last year's 4th quarter profit of $439,496.

Sales for the full year were an all-time record of $20,906,306, up from last year's $17,875,371. Net earnings for the full 2010-11 fiscal year were $1,416,509, down from the earnings of $1,586,957 reported for the comparable 2009-10 period.

"We expected to have a good & profitable year and we did," stated Douglas P. Taylor, President. He continued, "Our full year sales for 2011 set a new company record and net income (for the full year) was surpassed only by F/Y 2010 & F/Y 2008." He continued, "Our firm order backlog at year-end was $15 million; up significantly from the year ago level of $13 million." He concluded, "Seismic product sales increased by 75% over the previous year while sales to Asian customers grew to 35% of the Company's total revenues compared with 25% in 2010."

Taylor Devices, Inc. is a 56-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.


4th Quarter (3 months ended 5/31/11 & 5/31/10)	F/Y 10-11	F/Y 09-10

Sales	$ 7,125,138	$ 4,589,548

Net Earnings	$ 722,796	$ 439,496

Earnings per Share	$ .23	$ .13

Shares Outstanding	3,231,199	3,230,273

Fiscal Year	F/Y 10-11	F/Y 09-10

Sales	$20,906,306	$17,875,371

Net Earnings	$ 1,416,509	$ 1,586,957

Earnings per Share	$ .44	$ .49

Shares Outstanding	3,231,199	3,230,273