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Taylor Devices, Inc. (TAYD) Reports Fourth Quarter Fiscal 2010 Earnings

Taylor Devices, Inc. (TAYD) reported an increase in revenues and earnings for the fourth fiscal quarter of fiscal 2010, which ended May 31, 2010. Revenues totaled $4.6 million in the fourth quarter of fiscal 2010, up slightly from the $4.5 million in revenues reported for the fourth quarter of fiscal 2009.

Taylor Devices, Inc. reported net income of $0.44 million, or $0.13 per diluted share, in the most recent quarter, up from net income of $0.34 million, or $0.10 per diluted share, in the corresponding quarter of the previous fiscal year.

The management of Taylor Devices, Inc. noted strength in several of the company’s business segments, and a strong pipeline of business to kick off fiscal 2011. “Our firm order backlog at year-end remains at a healthy $13 million, essentially the same as the year ago level…Aerospace and military sales remain strong while sales to the worldwide construction markets continue to be challenging,” said Douglas P. Taylor, the President of Taylor Devices, Inc.

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