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Taylor Devices, Inc. (NASDAQ SmallCap: “TAYD”) announced today that it had 2nd quarter Net earnings of $659,804, up slightly from last year’s 2nd quarter Net earnings of $645,290.
Net earnings for the 1st six months were $841,681, also up slightly from last year’s Net earnings for the 1st six months of $821,301.
“Our FY22 2nd quarter and 1st Half sales finished not only significantly better than last year’s levels respectively but also in line with more recent pre-pandemic sales volumes,” stated Tim Sopko, CEO. He further commented, “These higher volumes, including increased sales to our domestic customers, resulted in improved Net earnings from last year’s levels despite the unprecedented material and labor cost escalations that we continue to see due to COVID-19.” He continued, “While we are clearly not out of the COVID-19 “woods” yet, our customers and the markets we serve continue to show signs of recovery which is encouraging.”
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