TAYLOR DEVICES ANNOUNCES SECOND QUARTER AND SIX-MONTH RESULTS
NORTH TONAWANDA, N.Y., Dec. 29, 2022 /PRNewswire/ -- Taylor Devices, Inc. (NASDAQ SmallCap: "TAYD") announced today that it had 2nd quarter sales of
Net earnings for the 2nd quarter were
"Our FY23 2nd quarter and 1st half sales finished significantly better than last year's levels respectively with all three of our customer product groups; Aerospace/Defense, Structural and Industrial, sales levels improved year-on-year," stated Tim Sopko, CEO. He continued, "This also sets a new high record for sales in the first six months of a fiscal year concurrent with sales in the quarter exceeding the
The company's firm order backlog was
Taylor Devices, Inc. is a 67-year-old company engaged in the design, development, manufacture and marketing of shock absorption, rate control and energy storage devices for use in various types of vehicles, machinery, equipment and structures. The company continues to target growth in the domestic Aerospace and Defense market as well as global Structural Construction and Industrial markets.
2nd Quarter (3 months ended 11/30/22 & 11/30/21) | F/Y 23 | F/Y 22 |
Sales | $ 10,497,366 | $ 7,757,986 |
Net Earnings | $ 1,559,508 | $ 659,804 |
Earnings per Share | $ 0.45 | $ 0.19 |
Average Number of Shares Outstanding | 3,499,598 | 3,496,610 |
1st Half (6 months ended 11/30/22 & 11/30/21) | F/Y 23 | F/Y 22 |
Sales | $ 19,588,065 | $ 15,065,723 |
Net Earnings | $ 2,561,879 | $ 841,681 |
Earnings per Share | $ 0.73 | $ 0.24 |
Average Number of Shares Outstanding | 3,500,172 | 3,496,697 |
Taylor's website can be visited at: www.taylordevices.com ; with company newsletters and other pertinent information at www.taylordevices.com/investors.
Taylor Devices, Inc.
Contact: | Artie Regan |
Regan & Associates, Inc. | |
(212) 587-3005 (phone) | |
(212) 587-3006 (fax) | |
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SOURCE Taylor Devices, Inc.