Taylor Devices, Inc. Reports Earnings Results for the Third Quarter Ended February 28, 2021
March 26, 2021 at 01:03 pm
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Taylor Devices, Inc. announced earnings results for the third quarter ended February 28, 2021. For the third quarter, the company announced sales was USD 4.772 million compared to USD 7.234 million a year ago. Operating loss was USD 819,688 compared to operating Income of USD 934,957 a year ago. Net income was USD 182,318 compared to USD 782,752 a year ago. Basic earnings per share from continuing operations was USD 0.05 compared to USD 0.22 a year ago. For the nine months, sales was USD 15.249 million compared to USD 20.645 million a year ago. Operating loss was USD 1.298 million compared to operating Income of USD 2.442 million a year ago. Net income was USD 1.003 million compared to USD 2.054 million a year ago. Basic earnings per share from continuing operations was USD 0.29 compared to USD 0.59 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. 
