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TAYLOR DEVICES, INC. REPORTS FIRST FISCAL QUARTER RESULTS

 TAYLOR DEVICES, INC. REPORTS FIRST FISCAL QUARTER RESULTS
 NORTH TONAWANDA, N.Y., Oct. 22 /PRNewswire/ -- Sales in the company's first fiscal quarter rose slightly, but higher costs cut into profits, according to Douglas P. Taylor, new president of Taylor Devices, Inc. (NASDAQ: TAYD), the 37-year-old restructured firm of which he became president in April 1991. "Currently, our backlog is about $3 million, with several sizable contracts pending," Mr. Taylor added.
 "While the economic downturn has slowed growth in aerospace and defense, commercial sales are steady; and new product-wise, there is a multimillion-dollar potential demand for our test-proven earthquake and seismic shock control devices for buildings and bridges," Mr. Taylor said.
 TAYLOR DEVICES, INC.
 Consolidated Condensed Statement of Income
 Three months ended Aug. 31 1992 1991
 Net sales $1,523,491 $1,492,444
 Net income 73,824 93,716
 Earnings per share $.03 $.04
 Shares outstanding 2,521,051 2,507,880
 -0- 10/22/92
 /CONTACT: Douglas P. Taylor, president of Taylor Devices, Inc., 716-694-0800/
 (TAYD) CO: Taylor Devices, Inc. ST: New York IN: ARO SU: ERN


CK-OS -- NY067 -- 3483 10/22/92 11:06 EDT
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Publication:PR Newswire
Date:Oct 22, 1992
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