Buhler Industries Reports 3rd Quarter Earnings
Winnipeg, Manitoba
August 14, 2009

3 months to June 30, 2009 Previous year
Revenue (millions) $76.7 $62.9
Net profit (millions) $1.2 $4.4
Net profit / share $0.05 $0.17
9 months to June 30, 2009 Previous year
Revenues (millions) $227.1 $145.9
Net profit (millions) $10.3 $8.8
Net profit / share $0.41 $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.

Complete Financial Statement


Willy Janzen, Chief Financial Officer
Phone: (204) 654-5718
E-mail: wjanzen@buhler.com

Trading symbol: BUI