Taylor Devices Reports Record Sales and Earnings for Q3

Taylor Devices, Inc., a leading manufacturer of shock absorption and energy storage devices, reported a significant increase in sales and net earnings for the 3rd quarter and first nine months of the fiscal year 2024. The company’s CEO, Tim Sopko, attributed the increase to the strong performance of their Aerospace/Defense product group. The 3rd quarter sales were $12,254,093, up 24% from the previous year, while net earnings were $2,696,921, a substantial improvement from the year before.

For the first nine months of the fiscal year, Taylor Devices reported sales of $32,517,596, showing a 10% increase from the previous year. Net earnings for the first nine months were $6,526,132, up significantly from the previous year’s earnings. The company continues to focus on growth strategies and investments in research and development to support its profitable growth in the future.

Taylor Devices, Inc. has a firm order backlog of $30,200,000, which represents an increase from the previous year. The company, with 68 years of experience, specializes in designing, developing, and manufacturing shock absorption and rate control devices for various industries, including Aerospace and Defense, Structural Construction, and Industrial markets.

For more information about Taylor Devices, visit their website at http://www.taylordevices.com. Stay updated on company news and investor information by visiting http://www.taylordevices.com/investors.

For press inquiries, please contact Artie Regan at Regan & Associates, Inc. at (212) 587-3005 or [email protected]

SOURCE Taylor Devices, Inc.

In summary, Taylor Devices, Inc. has seen a significant increase in sales and net earnings for the 3rd quarter and first nine months of the fiscal year 2024. The company’s focus on growth strategies and investment in research and development has contributed to its success. Visit their website for more information and stay informed about company updates and investor information.

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