Buhler Industries Reports Year End Earnings
Winnipeg, Manitoba
December 21, 2010


Sales for the year were the fifth highest on record coming in at $209.6 million, although down 26% from the previous year’s record of $284.1 million. A reduction in overseas sales and a stronger Canadian dollar contributed to the sales decrease.

Year ending September 30, 2010 Year ago
Revenue (millions) $209.6 $284.1
Net profit (millions) $8.2 $14.4
Net profit / share $0.33 $0.57
Shares issued (millions) 25.0 25.0

Net earnings up for the year

Net earnings for the year came in at $8.2 million, down from $14.4 million in the previous year resulting from the decrease in sales. Earning per share came in at $0.33 compared to $0.57 in the prior year.

Looking Forward

Sales for 2011 are expected to be higher than 2010. The Company has recently announced a partnership with Westeel, and will sell grain bins under the Farm King name in the U.S., while Westeel will sell Farm King augers branded "Westeel" in Canada. Sales of sprayers are expected to be strong, while sales of Versatile tractors are anticipated to increase in 2011.

Complete Financial Statement


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

Trading symbol: BUI