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TAYCO DEVELOPMENTS, INC. NET INCOME UP; COMPANY ACCELERATING RESEARCH ON EXPLOSION AND EARTHQUAKE SHOCK ABSORBERS
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PR Newswire
- Article date:
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May 9, 1995
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Copyright informationCOPYRIGHT 1995 PR Newswire Association, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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NORTH TONAWANDA, N.Y., May 9 /PRNewswire/ -- Tayco Developments, Inc. (Nasdaq: TYCO) reported a small sales decline in the third quarter and nine months periods compared to the year-ago results. But net income in both periods rose substantially, thanks to greater revenues from equity in net income of affiliate Taylor Devices Inc. (Nasdaq: TAYD). Tayco's net income was $48,722 for the 3rd quarter versus $37,824 in the previous year, and the nine months net income of $151,144 compared to $94,788 reported in 1994.
"Tayco Developments is accelerating its research programs in the field of shock isolation", said Douglas P. Taylor, President. "We are testing new ...
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