| 3 months to June 30, 2002 | Previous year | |
|---|---|---|
| Revenue | $70,976,000 |
$48,624,000 |
| Net profit | $5,059,000 |
$2,150,000 |
| Net profit / share | $0.22 | $0.09 |
| 9 months to June 30, 2002 | Previous year | |
|---|---|---|
| Revenues | $194,275,000 |
$142,206,000 |
| Net profit | $11,840,000 |
$6,033,000 |
| Net profit / share | $0.51 | $0.25 |
Third quarter earnings increased to $5.1 million or $0.22 per share, compared with $2.2 million last year or $0.09 per share. Year to date earnings increased by 96.3% to $11.8 million compared with $6.0 million last year. The number of shares outstanding is 23.2 million compared to 24.5 million last year.
Third quarter revenue increased to $71.0 million compared with $48.6 million last year. Year to date revenue is up 36.6% to $194 million compared with $142 million last year.
During the previous two quarters, the Company has reported that the tractor factory has unexpectedly been supplying tractors to the new Buhler tractor dealers, as well as to CNH. This has resulted in greater than anticipated revenue. As forecasted, the CNH volume is expected to decrease during Q4, resulting in more normalized revenue going forward. The core products manufactured by factories other than the tractor factory are continuing to show increased revenue and net earnings. The purchase of the factory in Fargo is expected to allow a further increase in the short line products.
Craig Engel - President
Phone: (204) 228-6206
E-mail: cengel@buhler.com
Trading symbol: BUI