Buhler Industries Inc. reports 2nd quarter earnings
Winnipeg, Manitoba
April 21, 2004
| 3 months to March 31, 2004 | Previous year | |
| Revenue Net profit Net profit/share |
$62,634,000 $3,915,000 0.16 |
$48,803,000 $3,336,000 0.15 |
| 6 months to March 31, 2004 | Previous year | |
| Revenue Net profit Net profit/share |
$104,937,000 $6,008,000 0.25 |
$87,456,000 $5,321,000 0.23 |
Revenue Increased
Second quarter revenue increased by 28% to $62.6 million compared with $48.8 million last year. Revenue for six months increased by 20% to $104.9 million compared with $87.5 million last year.
Net Earnings Increased
Second quarter net earnings increased by 17% to $3.9 million ($0.16 per share) compared with $3.3 million ($0.15 per share) last year. Net earnings for six months increased by 13% to $6.0 million ($0.25 per share) compared with $5.3 million ($0.23 per share) last year. There were 25 million shares outstanding on March 31, 2004 compared with 23 million last year.
Looking Forward
While the farm economy seems to be strengthening, we remain cautious in forecasting future increases in earnings due to the reduced gross margins resulting from the continuing effects of BSE (Mad Cow disease), the weakened US dollar and the recent unprecedented increases in the cost of steel. We are forecasting fiscal 2004 earnings to be $0.50 to $0.52 per share.
Contact
Craig Engel - President
Phone: (204) 228-6206
E-mail: cengel@buhler.com
Click here for complete financial statement
Trading symbol: BUI