Taylor Devices, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended February 28, 2022
March 31, 2022 at 08:45 am
Share
Taylor Devices, Inc. reported earnings results for the third quarter and nine months ended February 28, 2022. For the third quarter, the company reported sales was USD 6.14 million compared to USD 4.77 million a year ago. Net loss was USD 0.117293 million compared to net income of USD 0.182318 million a year ago. Basic loss per share from continuing operations was USD 0.03 compared to basic earnings per share from continuing operations of USD 0.05 a year ago.
For the nine months, sales was USD 21.21 million compared to USD 15.25 million a year ago. Net income was USD 0.724388 million compared to USD 1 million a year ago. Basic earnings per share from continuing operations was USD 0.21 compared to USD 0.29 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. 
