| 3 months to December 31, 2004 | Year ago | |
|---|---|---|
| Revenue | $45,811,000 |
$42,303,000 |
| Net profit | $1,647,000 |
$2,093,000 |
| Net profit / share | $0.07 | $0.09 |
First quarter revenue increased 8.3% to $45.8 million compared with $42.3 million last year.
First quarter earnings decreased by 21.3% to $1.6 million ($0.07 per share) compared with $2.1 million ($0.09 per share) last year. The recent unprecedented steel price increases will continue to have a negative impact on earnings.
The number of shares outstanding is 25 million compared to 23 million last year.
The Company increased its annual dividend for the 12th consecutive year from $0.13 to $0.14 per share. The dividend was paid on January 14, 2005, to shareholders of record on December 3, 2004.
Craig Engel - President
Phone: (204) 228-6206
E-mail: cengel@buhler.com
Trading symbol: BUI