Revenue increased to $284.1 million up 29.7% over the prior year of $219.0 million. Strong demand in North America for agricultural products contributed to the sales increase.
| Year ending September 30, 2009 | Year ago | |
|---|---|---|
| Revenue (millions) | $284.1 | $219.0 |
| Net profit (millions) | $14.4 | $11.7 |
| Net profit / share | $0.57 | $0.47 |
| Shares issued (millions) | 25.0 | 25.0 |
Net earnings for the year came in at $14.4 million up from $11.7 million in the previous year resulting from the increase in sales. Earning per share came in at $0.57 compared to $0.47 in the prior year.
The 2009 sales levels represent a record year for the company, despite the current economic crisis. Sales of short-line equipment continue to do well, however, a decline in overseas tractor sales is anticipated and as a result, sales are expected to be lower in 2010.
Willy Janzen, Chief Financial Officer
Phone: (204) 654-5718
E-mail: wjanzen@buhler.com
Trading symbol: BUI