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Taylor Devices' earnings triple on sale of giant shock absorbers

Giant shock absorbers that buffer buildings and bridges are giving a boost to Taylor Devices, the seismic protection company.

The North Tonawanda company announced Wednesday that its fiscal third-quarter profits tripled to $238,171, up from $78,541 a year ago.

On a per-share basis, profits were 8 cents for the quarter that ended Feb. 28, vs. 3 cents a year ago.

"Our board and senior management are pleased with our strengthening international sales and orders," President Douglas P. Taylor said in a statement, "and we expect to finish this fiscal year on a positive note."

Sales for the period were $4.6 million, up 12 percent from a year ago.

The company's backlog of orders has remained firm at $12.4 million while sales rise, he said.

Growth is coming from the earthquake protection market, and in products to isolate wind vibrations. For example, the company was picked to design and make eight seismic dampers, each weighing 10 tons, to protect a 1,190-yard-long bridge over China's Yangtze River. The giant shock absorbers, 24 feet long when fully extended, may be the largest ever built, Taylor says.

Just last week it won a $1.3 million order to provide more than 200 dampers that will be used to protect a hotel in Islamabad, Pakistan. The dampers, able to redirect up to 160 tons of force, will be used to retrofit a seven-story concrete structure that is being converted into a hotel by Avari Hotels, the company said.

The company expanded into a building in the Town of Tonawanda for packing and shipping operations at the end of 2006, freeing factory space in its factory complex in North Tonawanda.

For the nine-month period that ended Feb. 28, sales were $12.4 million, up from $10.6 million a year ago. Profits were $532,458 vs. 308,608, or 17 cents per share vs. 10 cents.

Founded 52 years ago, Taylor Devices designs and makes dampers that absorb shock or vibrations in skyscrapers, artillery and aerospace applications.

e-mail: fwilliams@buffnews.com

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