TAYD - Taylor Devices Inc.

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  1. Stockaholic

    Stockaholic Content Manager

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    Taylor Devices, Inc. designs, develops, manufactures, and markets shock absorption, rate control, and energy storage devices for use in machinery, equipment, and structures in North America, Asia, and internationally. The company's products include seismic dampers that are designed to ameliorate the effects of earthquake tremors on structures; Fluidicshoks, which are compact shock absorbers primarily used in defense, aerospace, and commercial industries; and crane and industrial buffers, which are larger versions of the Fluidicshoks for industrial application on cranes, ships, container ships, railroad cars, truck docks, ladle and ingot cars, ore trolleys, and car stops. Its products also comprise self-adjusting shock absorbers that include versions of Fluidicshoks, and crane and industrial buffers, which automatically adjust to various impact conditions and are designed for high cycle application primarily in the heavy industry; liquid die springs that are used as component parts of machinery and equipment used in the manufacture of tools and dies; and vibration dampers, which are primarily used by aerospace and defense industries to control the response of electronics and optical systems subjected to air, ship, or spacecraft vibration. The company markets its products through a network of sales representatives and distributors. Taylor Devices, Inc. was founded in 1955 and is headquartered in North Tonawanda, New York.
     
  2. StockJock-e

    StockJock-e Brew Master
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    Earnings flop.

    NORTH TONAWANDA, N.Y., Oct. 14, 2016 /PRNewswire/ -- Taylor Devices, Inc. (NASDAQ SmallCap: TAYD) announced today that it had 1st quarter sales of $5,755,713, down from last year's 1st quarter sales of $9,473,414.

    Net earnings for the 1st quarter were $209,834, also down from last year's 1st quarter earnings of $1,009,649.

    "It would be fair to say that our first quarter was a weak one," stated Douglas P. Taylor, President. He continued, "Our firm order backlog of $21.3 million at the end of the first quarter is down slightly from the year end level of $21.5 million on May 31, 2016." He concluded, "While our expectation is that 2017 will be another profitable year for us, it is conceivable that our numbers may not be as robust as last year's record high levels."
     

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