Taylor Devices, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended February 29, 2024
March 28, 2024 at 08:07 am EDT
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Taylor Devices, Inc. reported earnings results for the third quarter and nine months ended February 29, 2024. For the third quarter, the company reported sales was USD 12.25 million compared to USD 9.89 million a year ago. Net income was USD 2.7 million compared to USD 1.66 million a year ago. Basic earnings per share from continuing operations was USD 0.82 compared to USD 0.47 a year ago.
For the nine months, sales was USD 32.52 million compared to USD 29.48 million a year ago. Net income was USD 6.53 million compared to USD 4.22 million a year ago. Basic earnings per share from continuing operations was USD 1.91 compared to USD 1.2 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. 
