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