Taylor Devices Inc. Announces Earnings Results for the Second Quarter and Six Months Ended November 30, 2015
January 12, 2016 at 03:13 pm
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Taylor Devices Inc. announced earnings results for the second quarter and six months ended November 30, 2015. For the quarter, the company reported sales of $8,819,548 compared with $6,705,095 for the same period a year ago. Net earnings was $924,658 or $0.27 per share compared with $504,313 or $0.15 per share for the same period a year ago.
For the six months, the company reported sales of $18,292,962 compared with $13,256,477 for the same period a year ago. Net earnings was $1,934,307 or $0.57 per share compared with $896,619 or $0.27 per share for the same period a year ago.
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. 
