Taylor Devices Announces Strong Fourth Quarter And Record Full Year Results

NORTH TONAWANDA, N.Y., Aug. 29, 2016

Sales for the 4^th quarter of $9,061,340, were down from last year's 4^th quarter sales of $10,766,451.  Sales for the full year were another all-time record of $35,680,449, and were up significantly from last year's previous all-time record level of $30,589,266. 

"We were able to achieve all-time records in both sales and net earnings while maintaining a healthy firm order backlog of $21.5 million at year's end," stated Douglas P. Taylor, President.  He continued, "The two construction projects at our Tonawanda Island site will be completed shortly and we will then be in a position to manufacture & ship the largest dampers we have ever made."  He concluded, "We expect that 2017 will be another profitable & successful year, as well."

Taylor Devices, Inc. is a 61 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.  The company continues to achieve growth in the developing seismic protection field and in the isolation of wind-induced vibrations.

4th Quarter  (3 months ended 5/31/16 & 5/31/15)	F/Y 16		F/Y 15 ARIVA.DE Börsen-Geflüster Kurse Taylor Devices 48,52 $ +3,99%
Sales	$  9,061,340		$10,766,451
Net Earnings	$  1,092,314		$     886,575
Earnings per Share	$             .31		$             .26
Shares Outstanding at 5/31/16	3,408,260		3,363,664
Fiscal Year	F/Y 16		F/Y 15
Sales	$35,680,449		$30,589,266
Net Earnings	$  4,208,225		$  2,174,948
Diluted Earnings per Share	$           1.21		$             .64
Shares Outstanding at 5/31/16	3,408,260		3,363,664

Taylor's website can be visited at: www.taylordevices.com

Taylor Devices, Inc.

Contact: 
Artie Regan
Regan & Associates, Inc.
(212) 587-3005 (phone)
(212) 587-3006 (fax)
info@reganproxy.com

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SOURCE Taylor Devices, Inc.