Buhler Industries Inc. reports year-end results
Winnipeg, Manitoba
December 23, 2008
Buhler’s F2008 Net Income Increases
Net earnings increased 218.8% to $21.9 million ($0.88 per share on 25 million shares) compared with $6.9 million ($0.27 per share on 25 million shares) in 2007. The current yearÕs earnings include $7.2 million of debt forgiveness shown as net of $2.09 million in taxes.
| Year ending September 30, 2008 | Previous year | |
| Revenue Net profit Net profit/share |
$218,955,000 $21,910,000 0.88 (25 million shares) |
$166,189,000 $6,872,000 0.27 (Average 25 million shares) |
Year-End Revenue Up
Revenue is up 31.9% to $219.0 million compared with $166.2 million last year. The stability of the Canadian dollar and increasing demand for high horsepower tractors in overseas markets had a positive impact on revenue.
Year-End Earnings Up
Net earnings for the year ending September 30th, 2008 were $22.0 million compared with $6.9 million last year. Gross profit was $43.9 million (20.0% of sales) for 2008 compared to $28.5 million (17.1% of sales) last year. The number of shares outstanding at year-end was 25 million.
Contact
Alex Buchko, Director of Finance
Phone: (204) 477-2310
E-mail: abuchko@buhler.com
Click here for complete financial statement
Trading symbol: BUI