Taylor Devices, Inc. Reports Earnings Results for the Fourth Quarter and Full Year of 2018; Provides Earnings Guidance for the Year 2019
August 29, 2018 at 01:46 pm EDT
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Taylor Devices, Inc. reported earnings results for the fourth quarter and full year of 2018. For the quarter, the company reported sales of $6,410,815 compared to $6,301,098 a year ago. Net Earnings were $112,893 compared to $844,260 a year ago. Earnings per Share were $0.04 against of $0.24 a year ago.
For the full year of 2018, the company reported sales of $24,363,967 compared to $25,536,996 a year ago. Net Earnings were $443,370 compared to $2,330,577 a year ago. Earnings per Share were $0.13 against of $0.66 a year ago.
The company expected 2019 to be a profitable & dynamic year.
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. 
