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Taylor Devices' profits, sales rise

Taylor Devices, the North Tonawanda-based maker of seismic shock absorbers, saw sales increase 13.6 percent for the quarter ended Nov. 30, while profits climbed 15 percent.

"We continue to believe that the addition of our new production facility in Tonawanda will assist both profitability and sales for all of 2007," President Douglas P. Taylor said.

The company is moving the packaging operations for its large earthquake shock absorbers to a Town of Tonawanda building, freeing up manufacturing space in its North Tonawanda factory.

Sales for the period were $3.83 million, up from $3.37 million a year ago. Profits were $138,774, up from $120,750. Profits per-share were 4 cents, the same level as a year ago.

For the six months ended Nov. 30, the first half of Taylor's fiscal year, sales rose by 21 percent or $1.3 million, to $7.8 million.

"Our sales for the first six-months were up . . . while our firm order backlog remains at the $12.4 million level that it was at year end," Taylor said.

Profits in the six month period were $294,287, up 28 percent from a year earlier. Profits per-share were 9 cents, versus 7 cents.

Founded 52 years ago, Taylor Devices makes shock absorbers and vibration dampers for buildings, bridges, cranes, industrial equipment and military weaponry. It has sold equipment to protect Seattle's light rail system, shopping malls in Tokyo, a highway bridge in Seoul and a 33,000-square-foot Los Angeles house built by Leona Helmsley. Its technology also dampers the shock of firing artillery and launching naval anti-aircraft missiles.


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