Taylor Devices Q1 Profit Down - Quick Facts

(RTTNews) - Taylor Devices Inc. (TAYD) announced Thursday that its first-quarter net earnings were $201,263 or $0.06 per share, down from last year's $607,817 or $0.18 per share.

Sales for the quarter declined to $5.30 million from $7.32 million in the same quarter last year.

"Our firm order backlog is at a healthy $15.4 million, up from both last quarter and our year ago levels. With the expansion of our manufacturing facilities essentially complete, we can now devote all of our attention to running the business. 2014 should be another good and profitable year," said Douglas Taylor, President.