NORTH TONAWANDA, N.Y., Oct. 14 /PRNewswire-FirstCall/ -- Taylor Devices, Inc. announced today that it had 1st quarter sales of $4,803,502, up from last year's 1st quarter sales of $4,408,185.
Net earnings for the 1st quarter were $148,652, down from last year's 1st quarter earnings of $348,230.
"Our firm order backlog is now $9.5 million, down from $11.4 million at the end of the prior year," stated Douglas P. Taylor, President. He concluded, "While global economic conditions have deteriorated rapidly, we are still expecting a profitable year."
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.
1st Quarter F/Y 09 F/Y 08
(3 months ended 8/31/08 & 8/31/07)
Sales $4,803,502 $4,408,185
Net Earnings $ 148,652 $ 348,230
Earnings per Share $ .05 $ .11
Weighted Average Shares Outstanding 3,219,490 3,152,525
Taylor's website can be visited at: www.taylordevices.com
Taylor Devices, Inc.