Taylor Devices Inc. Reports Earnings Results for the Second Quarter and Six Months Ended November 30, 2013
January 13, 2014 at 10:28 am
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Taylor Devices Inc. reported earnings results for the second quarter and six months ended November 30, 2013. For the quarter, the company reported net earnings of $306,423, down from last year's quarter earnings of $769,361. Sales were $4,600,452, down from last year's quarter sales of $6,508,172. Earnings per share were $0.09 compared with $0.23 for the same period last year.
For the six months, the company reported net earnings were $507,686, also down from last year's earnings of $1,377,178. Sales were $9,897,118, also down from last year's sales of $13,824,839. Earnings per share were $0.15 compared with $0.42 for the same period last year.
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. 
