Company Information

  

Address: 90 TAYLOR DR
P O BOX 748 
City: NORTH TONAWANDA 
State: NY 
Zip Code: 14120 
Telephone: 716-694-0800 

Description of Business

Primary SIC Code: 3569
(As filed with the SEC)  

The Company was incorporated in the State of New York on July 22, 1955 and is engaged in the design, development, manufacture and marketing of shock absorption, rate control, and energy storage devices for use in various types of machinery, equipment and structures. In addition to manufacturing and selling existing product lines, the Company continues to develop new and advanced technology products. Principal Products The Company manufactures and sells a single group of very similar products that have many different applications for customers. These similar products are included in one of six categories; namely, Seismic Dampers, Fluidicshoks®, Crane and Industrial Buffers, Self-Adjusting Shock Absorbers, Liquid Die Springs, and Vibration Dampers. Management does not track or otherwise account for sales broken down by these categories. The following is a summary of the capabilities and applications for these products.  ... More ...  

Per Share Overview

Date 12-mos Rolling EPS Dividend P/E Ratio
08/20170.71NA16.55
05/20170.66NA20.09
02/20170.75NA19.31
11/20161.01NA14.65
05/20161.21NA13.80
02/20161.18NA11.44
08/20150.82NA16.25
05/20150.64NA20.11

Key Financial Ratios and Statistics

FYE: 05/31

Profitability 2017 Leverage 2017
Net Inc/Comm Equity0.37Total Liab/Total Assets0.12
Net Inc/Total Assets0.06Total Liab/Inv Cap0.13
Net Inc/Inv Cap0.07Total Liab/Comm Equity0.68
Pretax Inc/Net Sales0.12Interest Coverage RatioNA
Net Inc/Net Sales0.09Curr Debt/EquityNA
Cash Flow/Net Sales-0.04LTD/EquityNA
SG&A/NetSales0.20Total Debt/EquityNA
Asset Utilization   Liquidity  
Net Receivables Turnover2.70Quick Ratio3.30
Inventory Turnover1.66Current Ratio5.97
Inventory Day Sales0.00Net Rec/Curr Assets0.37
Net Sales/Work Cap1.19Inv/Curr Assets0.45
Net Sales/PP&E2.35  

Income Statement (Millions)

  8/31/2017 5/31/2017 2/28/2017 11/30/2016
Total Revenues(Net Sales) 6.57 6.30 5.67 7.81
Cost of Goods Sold 4.95 4.15 4.03 5.06
Selling & Admin Exps 1.21 1.33 1.18 1.37
Operating Income 0.41 0.82 0.47 1.37
Interest Exp NA NA NA NA
Pretax Income 0.41 0.83 0.48 1.40
Other Income 0.00 -0.02 0.01 0.03
Net Income Bef Extraordinary ... NA NA NA NA
Net Income 0.30 0.84 0.34 0.94

Balance Sheet (Millions)

Assets 8/31/2017 5/31/2017 2/28/2017 11/30/2016
Cash & Short Term Investments 2.86 4.35 1.79 5.03
Receivables - Total 11.68 9.41 11.90 10.21
Inventories - Total 11.25 11.49 11.46 10.58
Total Current Assets 26.11 25.68 26.52 27.09
Net Property, Plant & Equipment 11.17 10.87 10.60 10.39
Total Assets 37.89 37.16 37.30 37.65
Liabilities        
Accounts Payable 3.73 4.30 3.85 3.78
Debt in Current Liabilities NA NA NA NA
Total Current Liabilities 4.56 4.30 4.74 5.44
Long-Term Debt NA NA NA NA
Total Liabilities 4.56 4.30 5.42 6.12
Stockholder's Equity        
Minority Interest NA NA NA NA
Preferred Stock NA NA NA NA
Common Stock 9.35 0.10 9.01 9.00
Retained Earnings 26.82 26.52 25.67 25.33
Treasury Stock -2.83 -2.83 -2.80 -2.80
Total Stockholders' Equity 33.33 32.86 31.88 31.54
Total Liabilities and Stockholders' Equity 37.89 37.16 37.30 37.65

Cash Flow Summary (Millions)

Categories 8/31/2017 5/31/2017 2/28/2017 11/30/2016
Net Cash Provided by Operating Activities -0.98 2.77 -2.86 -0.38
Net Cash Provided by Investing Activities -0.62 -0.25 -0.39 -0.58
Net Cash Provided by Financing Activities 0.12 0.03 0.01 0.01

Annual Summary Data (Millions)

Year Sales Net Income EPS
05/201324.732.550.76
05/201420.011.130.34
05/201530.592.170.64
05/201635.684.211.21
05/201725.542.330.66
Growth Rates0.81-2.20-3.47

Stock Ownership

Type Date(Q,M) No. Owners Shares Held (000s) % Own
Institutional09/30/171748614.07




Report Date : 12/4/2017

Powered By Edgar Online © 2017EDGAR®Online, a division of Donnelley Financial Solutions. EDGAR® is a federally registered trademark of the U.S. Securities and Exchange Commission. EDGAR Online is not affiliated with or approved by the U.S. Securities and Exchange Commission.