|3 months to June 30, 2009||Previous year|
|Net profit (millions)||$1.2||$4.4|
|Net profit / share||$0.05||$0.17|
|9 months to June 30, 2009||Previous year|
|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.