Taylor Devices, Inc. Reports Earnings Results for the Full Year Ended May 31, 2021
August 28, 2021 at 01:54 am IST
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Taylor Devices, Inc. announced earnings results for the full year ended May 31, 2021. For the full year, the company announced sales was USD 22.509 million compared to USD 28.381 million a year ago. Operating loss was USD 2.352 million compared to operating Income of USD 3.302 million a year ago. Net income was USD 1.062 million compared to USD 3.029 million a year ago. Basic earnings per share from continuing operations was USD 0.3 compared to USD 0.87 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. 
