Taylor Devices (TAYD) Reports Q1 Earnings

October 14, 2009 10:11 AM EDT

Taylor Devices, Inc. (Nasdaq: TAYD) reports Q1 EPS of $0.10 compared to $0.05 for the same period last year.

1st quarter sales of $5,013,673, up from last year's 1st quarter sales of $4,803,502.

"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. [SM]


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