Buhler Industries Inc. reports 3rd quarter earnings
Winnipeg, Manitoba
August 14, 2009
| 3 months to June 30, 2009 | Previous year | |
| Q3 2009 | Q3 2008 | |
| Revenue (millions) Net profit (millions) Net profit/share |
$76.7 1.2 0.05 |
$62.9 4.4 0.17 |
| 9 months to June 30, 2009 | Previous year | |
| YTD Q3 2009 | YTD Q3 2008 | |
| Revenue (millions) Net profit (millions) Net profit/share |
$227.1 10.3 0.41 |
$145.9 8.8 0.35 |
Revenue Increased
Third quarter revenue increased to $76.7 million up 22% over the prior year of $62.9 million. Revenue for nine months is $227.1 million up 56% from the prior year. Strong demand in North America for agricultural products contributed to the sales increase.
Net Earnings Up for the Year
Net earnings for the quarter came in at $1.2 million down from $4.4 million in the previous year. Earning per share came in at $0.05 compared to $0.17 in the prior year. Net earnings for 9 months increased to $10.3 million or $0.41 per share compared with $8.8 million or $0.35 per share last year.
Looking Forward
Nine month sales are just short of our full year record sales of $232.6 million set in 2002 despite the current economic crisis. Sales of short-line equipment continue to do well, however, a decline in overseas tractor sales is anticipated for the remaining part of the year and as a result, sales are expected to be lower in the fourth quarter.
Contact
Willy Janzen, Chief Financial Officer
Phone: (204) 654-5718
E-mail: wjanzen@buhler.com
Click here for complete financial statement
Trading symbol: BUI