Buhler Industries Inc. reports 1st quarter earnings
Winnipeg, Manitoba
January 21, 2005
| 3 months to December 31, 2004 | Previous year | |
| Revenue Net profit Net profit/share |
$45,811,000 $1,647,000 0.07 |
$42,303,000 $2,093,000 0.09 |
Revenue Increased
First quarter revenue increased 8.3% to $45.8 million compared with $42.3 million last year.
Net Earnings Decreased
First quarter earnings decreased by 21.3% to $1.6 million ($0.07 per share) compared with $2.1 million ($0.09 per share) last year. The recent unprecedented steel price increases will continue to have a negative impact on earnings.
The number of shares outstanding is 25 million compared to 23 million last year.
Dividend
The Company increased its annual dividend for the 12th consecutive year from $0.13 to $0.14 per share. The dividend was paid on January 14, 2005, to shareholders of record on December 3, 2004.
Contact
Craig Engel - President
Phone: (204) 228-6206
E-mail: cengel@buhler.com
Click here for complete financial statement
Trading symbol: BUI