| 3 months to December 31, 2002 | Year ago | |
|---|---|---|
| Revenue | $38,653,000 |
$55,395,000 |
| Net profit | $1,985,000 |
$2,950,000 |
| Net profit / share | $0.09 | $0.13 |
As forecasted, the first quarter revenue decreased to $39 million compared with $55 million last year. The Company was able to increase its’ dealer direct sales by 70%. As anticipated, this gain did not fully offset the loss of revenue from the wind-down of the OEM tractor supply contract with CNH Global.
As forecasted, first quarter earnings decreased to $2.0 million or $0.09 per share compared with $0.13 per share last year. The number of shares outstanding is 23.0 million.
The Company increased its' annual dividend for the 10th consecutive year from $0.11 to $0.12 per share. The dividend will be paid on January 29th, 2003, to shareholders of record on December 30th, 2002.
Craig Engel - President
Phone: (204) 228-6206
E-mail: cengel@buhler.com
Trading symbol: BUI