Taylor Devices Announces Strong First Quarter Results

• Press Release
• Source: Taylor Devices, Inc.
• On 10:04 am EDT, Wednesday October 14, 2009

NORTH TONAWANDA, N.Y., Oct. 14 /PRNewswire-FirstCall/ -- Taylor Devices, Inc. (Nasdaq: TAYD - News) announced today that it had 1st quarter sales of $5,013,673, up from last year's 1st quarter sales of $4,803,502.

Net earnings for the 1st quarter were $320,797, up sharply from last year's 1st quarter earnings of $148,652.

"Our firm order backlog is now $11.3 million, up from $9.5 million at the end of the first quarter of the prior year," stated Douglas P. Taylor, President. He continued, "While global economic conditions are still extremely challenging we have been delivering completed orders with better margins than in prior periods." He concluded, "We are still expecting improved profitability for the entire year."

Taylor Devices, Inc. is a 54 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 (3 months ended 8/31/09 & 8/31/08)       F/Y 10       F/Y 09

    Sales                                             $5,013,673   $4,803,502

    Net Earnings                                      $  320,797   $  148,652

    Earnings per Share                                $      .10   $      .05

    Weighted Average Shares Outstanding                3,222,327    3,219,490

Taylor's website can be visited at: www.taylordevices.com

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