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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. 2, 2019 /PRNewswire/ -- Taylor Devices, Inc. (NASDAQ SmallCap: "TAYD") announced today that it had net earnings for the 4th quarter of $982,390, up from last year's 4th quarter profit of $112,893.  Net income for the full fiscal year was $2,544,525 up substantially from last year's full fiscal year net income of $443,370.Sales for the 4th quarter were $9,013,282, up from last year's 4th quarter sales of $6,410,815.  Sales of $33,619,031 for the full year were up from last year's level of $24,363,967 and represents the second highest revenue in corporate history."The execution and delivery this past year of the second highest annual sales volume with concurrent third best net income in the company's history is an accomplishment that the team is to be commended on," said Tim Sopko, CEO.  He concluded, "Additionally, we were able to concurrently progress the lean improvement initiatives in play that will not only positively impact fiscal year 2020 but enable t Show less Read more
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