Buhler Industries Inc. reports 1st quarter earnings
Winnipeg, Manitoba
January 18, 2001
| 3 months to December 31, 2000 | Previous year | |
| Revenue Net profit Net profit/share |
$59,155,000 $2,625,000 0.11 |
$18,408,000 $1,343,000 0.05 |
Revenue Up 221%
First quarter revenue increased 221% to $59 million compared with $18 million last year. The large increase is a result of Buhler Versatile tractor sales.
Net Earnings Up 95%
First quarter earnings increased by 95% to $2.6 million or $0.11 per share compared with $1.3 million or $0.05 per share last year. The number of shares outstanding is 24.2 million compared to 24.5 million last year.
Dividend
The Company increased its annual dividend for the eighth consecutive year from $0.09 to $0.10 per share. The dividend will be paid on January 29, 2001, to shareholders of record on December 29, 2000.
Contact
Craig Engel - President
Phone: (204) 228-6206
E-mail: cengel@buhler.com
Trading symbol: BUI