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Stock impact report

Taylor Devices Announces Third Quarter And Nine-Month Results

Taylor Devices, Inc. (TAYD) 
US:NASDAQ Investor Relations: taylordevices.com/investors.html
Company Research Source: PR Newswire
NORTH TONAWANDA, N.Y., March 25, 2020 /PRNewswire/ -- Taylor Devices, Inc. (NASDAQ SmallCap: "TAYD") announced today that it had 3rd quarter Net earnings of $782,752, up from last year's 3rd quarter Net earnings of $445,786.  Net earnings for the 1st nine months were $2,054,335, also up from last year's Net earnings for the 1st nine months of $1,562,135.Sales for the 3rd quarter were $7,234,195, slightly lower than last year's 3rd quarter sales of $7,812,496.  Sales for the 1st nine months were $20,645,259, lower than last year's 1st nine months sales of $24,605,749. "We continue to reap the benefits of our lean initiatives and focus on continuous improvement across the business as seen in our 3rd quarter earnings which also contributed to our favorable YTD earnings position," stated Tim Sopko, CEO.  He further commented, "Sales to our Aerospace/Defense customers dominated the quarter with tariffs continuing to negatively impact sales to our non-US Construction customers."  He conclud Show less Read more
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