Buhler Industries Inc. reports 3rd quarter earnings
Winnipeg, Manitoba
July 24, 2006
| 3 months to June 30, 2006 | Previous year | |
| Revenue Net profit Net profit/share |
$42,879,000 $879,000 0.04 |
$58,268,000 $2,670,000 0.11 |
| 9 months to June 30, 2006 | Previous year | |
| Revenue Net profit Net profit/share |
$141,420,000 $4,461,000 0.04 |
$168,068,000 $2,670,000 0.11 |
Revenue Down
Revenue for the third quarter reduced by 26.4% to $42.9 million compared with $58.3 million last year. Revenue for nine months reduced by 15.9% to $141.4 million compared with $168.1 million last year.
Net Earnings Down
Earnings per share (EPS) of $0.04 for the third quarter is below expectations. We are now forecasting EPS of $0.20 to $0.25 for fiscal 2006, compared with previous EPS forecast of $0.30 to $0.40. The total number of outstanding shares is 25 million.
Looking Forward
Our priorities are to increase sales, reduce inventory, decrease selling and administration expenses and improve our gross margin over the next four quarters.
Contact
Craig Engel - President
Phone: (204) 228-6206
E-mail: cengel@buhler.com
Click here for complete financial statement
Trading symbol: BUI