Taylor Devices, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended November 30, 2016
January 12, 2017 at 09:20 am EST
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Taylor Devices, Inc. reported earnings results for the second quarter and six months ended November 30, 2016. For the quarter, the company reported net earnings of $938,280, up from last year's second quarter earnings of $924,658. Sales for the second quarter were $7,807,465, lower than last year's second quarter sales of $8,819,548. Earnings per share were $0.27 compared to $0.27 reported in last year.
Net earnings for the six months were $1,148,114, down from last year's earnings of $1,934,307. Sales for the six months were $13,563,178, down from last year's sales of $18,292,962. Earnings per share were $0.34 compared to $0.57 reported in last year.
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. 
