Taylor Devices Announces First Quarter Results - Auto News at Automotive.com
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Taylor Devices Announces First Quarter Results

Below is an auto news article from October 14, 2008 from Automotive.com and PRNewswire. View the most recent news or browse our full archives using the links below.
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Taylor Devices Announces First Quarter Results - Auto News from October 14, 2008

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.

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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.

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