Buhler Industries Inc. reports year-end earnings and increased dividends
Winnipeg, Manitoba
December 14, 2001
| Year ending September 30, 2001 | Previous year | |
| Revenue Net profit Net profit/share |
$187,633,000 $7,115,000 0.30 |
$116,700,000 $7,298,000 0.30 |
Year to September 30th, 2001
Earnings for year ending September 30th, 2001 were $7,115,000 compared with $7,298,000 last year. Gross profit was $31,410,000 (16.7%) for 2001 compared to $30,302,000 (26.0%) last year. The decrease in gross margin percentage was due to the typical lower margin in tractor sales, as well as a result of the extra expense incurred by the labour dispute. The number of shares outstanding at year-end was 23.5 million.
Year-end Earnings
Revenue for the year was $188 million compared with $117 million last year.
Dividend Increases
The Company increased its annual dividend from $0.10 to $0.11 per share. The dividend is payable January 28th, 2002 to shareholders of record on December 20th, 2001. This is the 9th consecutive increase in dividends and the Company expects that dividend increases will continue.
Trading symbol: BUI