Taylor Devices, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended November 30, 2022
January 06, 2023 at 10:56 am
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Taylor Devices, Inc. reported earnings results for the second quarter and six months ended November 30, 2022. For the second quarter, the company reported sales was USD 10.5 million compared to USD 7.76 million a year ago. Net income was USD 1.56 million compared to USD 0.659804 million a year ago. Basic earnings per share from continuing operations was USD 0.45 compared to USD 0.19 a year ago.
For the six months, sales was USD 19.59 million compared to USD 15.07 million a year ago. Net income was USD 2.56 million compared to USD 0.841681 million a year ago. Basic earnings per share from continuing operations was USD 0.73 compared to USD 0.24 a year ago.
Taylor Devices, Inc. is engaged in the design, development, manufacture and marketing of shock absorption, rate control, and energy storage devices for use in various types of machinery, equipment, and structures. In addition to manufacturing and selling existing product lines, the Company develops new and advanced technology products. The Company manufactures and sells a group of similar products that have different applications for customers. These similar products are included in one of eight categories, namely, Seismic Dampers, Fluidicshoks, Crane and Industrial Buffers, Self-Adjusting Shock Absorbers, Liquid Die Springs, Vibration Dampers, Machined Springs, and Custom Actuators. Custom derivations of all these products are designed and manufactured for various aerospace and defense applications. Seismic Dampers are designed to mitigate the effects of earthquakes on structures. Fluidicshoks are small, compact shock absorbers with up to 19,200 inch-pound capacities.
TAYLOR DEVICES, INC. 
