Wednesday January 9, 10:47 am ET
NORTH TONAWANDA, N.Y., Jan. 9 /PRNewswire-FirstCall/ -- Taylor Devices, Inc. (Nasdaq: TAYD - News) announced today that it had 2nd quarter sales of $4,276,406, up from last year's 2nd quarter sales of $3,826,975. Sales for the 1st six months were $8,684,591, up from last year's sales of $7,824,477.
Net earnings for the 2nd quarter were $113,309, down from last year's 2nd quarter earnings of $138,774. Net earnings for the 1st six months were $461,539, up significantly from last year's earnings of $294,287.
"Our sales for the 1st six months were up over $800,000 while our firm order backlog has increased to $13.3 million." stated Douglas P. Taylor, President. He continued, "A mix of building and bridge seismic projects, primarily in Asia, contributed greatly to our firm order backlog growing by over one million dollars in just the last three months." He concluded, "Everything remains on track for 2008 to be another very strong year."
Taylor Devices, Inc. is a 53-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.
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