3 months to June 30, 2006 | Previous year | |
---|---|---|
Revenue | $42,879,000 |
$58,268,000 |
Net profit | $879,000 |
$2,670,000 |
Net profit / share | $0.04 | $0.11 |
9 months to June 30, 2006 | Previous year | |
---|---|---|
Revenues | $141,420,000 |
$168,068,000 |
Net profit | $4,461,000 |
$2,670,000 |
Net profit / share | $0.04 | $0.11 |
Revenue for the third quarter reduced by 26.4% to $42.9 million compared with $58.3 million last year. Revenue for nine months reduced by 15.9% to $141.4 million compared with $168.1 million last year.
Earnings per share (EPS) of $0.04 for the third quarter is below expectations. We are now forecasting EPS of $0.20 to $0.25 for fiscal 2006, compared with previous EPS forecast of $0.30 to $0.40. The total number of outstanding shares is 25 million.
Our priorities are to increase sales, reduce inventory, decrease selling and administration expenses and improve our gross margin over the next four quarters.
Craig Engel - President
Phone: (204) 228-6206
E-mail: cengel@buhler.com
Trading symbol: BUI