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Taylor Devices' profits rise 64%

Taylor Devices' fourth-quarter profits jumped by 64 percent as the North Tonawanda shock absorber manufacturer's sales got a big boost from rising demand for its products to protect buildings and bridges from damage during earthquakes and high winds.

Taylor's profits rose to $722,0796, or 23 cents per share, from $439,496, or 13 cents per share, a year ago.

"We expected to have a good -- and profitable -- year, and we did," said Douglas P. Taylor, the company's president.

Taylor's sales jumped by 55 percent to $7.1 million during the quarter that ended in May, up from $4.6 million a year earlier.

The improvement in revenues came from Taylor's sales of dampers and other equipment. Those sales, which had been depressed during the recession, grew by 75 percent during the fiscal year that ended in May and accounted for 57 percent of the company's 2011 revenues.

That growth offset a softening of Taylor's defense and aerospace business, where sales fell by 22 percent from a record high in 2010.

Taylor's workload has remained strong, leading to plans for a $2.5 million expansion of its North Tonawanda factory. The company's backlog of orders, which stood at $15 million at the end of May, is up 15 percent from a year ago.


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