TAYLOR DEVICES ANNOUNCES THIRD QUARTER AND NINE-MONTH RESULTS
NORTH TONAWANDA, N.Y., March 30, 2023 /PRNewswire/ -- Taylor Devices, Inc. (NASDAQ SmallCap: "TAYD") announced today that it had 3rd quarter sales of
Net earnings for the 3rd quarter were
"Our FY23 3rd quarter and 1st nine-month sales finished significantly better than last year's levels respectively with all three of our customer product group: 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 nine months of a fiscal year concurrent with sales in the quarter exceeding the
The company's firm order backlog is
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.
3rd Quarter (3 months ended 02/28/23 & 02/28/22) | F/Y 23 | F/Y 22 |
Sales | $ 9,891,272 | $ 6,143,329 |
Net Earnings | $ 1,658,887 | $ -117,293 |
Earnings per Share | $ 0.47 | $ -0.03 |
Shares Outstanding | 3,505,849 | 3,496,833 |
1st Nine months (ended 02/28/23 & 02/28/22) | F/Y 23 | F/Y 22 |
Sales | $ 29,479,337 | $ 21,209,052 |
Net Earnings | $ 4,220,766 | $ 724,388 |
Earnings per Share | $ 1.20 | $ 0.21 |
Shares Outstanding | 3,502,982 | 3,496,968 |
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)
main@reganproxy.com
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SOURCE Taylor Devices, Inc.