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Stock impact report

Taylor Devices Announces Fourth Quarter And Full Year Results

Taylor Devices, Inc. (TAYD) 
US:NASDAQ Investor Relations: taylordevices.com/investors.html
Company Research Source: PR Newswire
NORTH TONAWANDA, N.Y., Aug. 29, 2018 /PRNewswire/ -- Taylor Devices, Inc.  (NASDAQ SmallCap: "TAYD") announced today that it had net earnings for the 4th quarter of $112,893, down from last year's 4th quarter profit of $844,260.  Net income for the full fiscal year was $443,370, also down from last year's full fiscal year net income of $2,330,577.Sales for the 4th quarter of $6,410,815, up from last year's 4th quarter sales of $6,301,098.  Sales of $24,363,967 for the full year were down from last year's level of $25,536,996."This past fiscal year was marked by transition and rejuvenation; we recently replaced three directors and have new leadership." stated Alan R. Klembczyk, President.  He continued, "While our overall results for FY2018 were unacceptable, sales did improve in the 4th quarter and we announced the $7.51 million order for dampers on the San Francisco-Oakland Bay Bridge, the largest in Company history."  He continued, "We are now operating in a lower corporate tax rate Show less Read more
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