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Taylor Devices Announces Second Quarter and Six Month Results
Taylor Devices Announces Second Quarter and Six Month Results
PRESSRELEASE
TAYLORDEVICESANNOUNCESSECONDQUARTERANDSIXMONTHRESULTS
NORTHTONAWANDA,NY,JANUARY13,2009TaylorDevices,Inc.(NASDAQSmallCap:
TAYD)announcedtodaythat ithad2ndquartersalesof$3,757,731,down from lastyears2nd
quartersalesof$4,276,406.Salesforthe1stsixmonthswere$8,561,233,downslightlyfromlast
yearssalesof$8,684,591.
Net earnings for the 2nd quarter were $55,365, down from last years 2nd quarter earnings of
$113,309. Net earnings for the 1st six months were $204,017, down from last years earnings of
$461,539.
Whileoursalesforthe1stsixmonthsweredownapproximately$123,000,ourfirmorderbacklog
hasactuallyincreasedto$10.1millionfromthe$9.5millionlevelwereportedattheendofthe1st
quarter.statedDouglasP.Taylor,President.Hecontinued,Ourworldwideaerospaceandmilitary
salesare increasing,however,thepresenteconomicrecessionisputtingdownwardpressureonthe
construction markets. He concluded, We remain committed to maintaining profitability
throughoutthischallengingperiod.
TaylorDevices,Inc.isa54yearoldcompanyengagedinthedesign,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
developingseismicprotectionfieldandintheisolationofwindinducedvibrations.
2ndQuarter(3monthsended11/30/08&11/30/07)F/Y09
F/Y08
Sales
$3,757,731$4,276,406
NetEarnings
$55,365
$113,309
EarningsperShare$.02$.04
SharesOutstanding3,220,525
TAYD:01/13/09
3,153,811
Page2of2
SixMonths(6monthsended11/30/08&11/30/07)
F/Y09
F/Y08
Sales
$8,561,233$8,684,591
NetEarnings
$204,017$461,539
EarningsperShare$.06$.15
SharesOutstanding
3,220,5253,146,609
Taylorswebsitecanbevisitedat:www.taylordevices.com
TaylorDevices,Inc.
Contact:ArtieRegan
Regan&Associates,Inc.
(212)5873005(phone)
(212)5873006(fax)
info@reganproxy.com