Buhler Industries Inc. reports 3rd quarter earnings
Winnipeg, Manitoba
August 6, 2008
| 3 months to June 30, 2008 | Previous year | |
| Revenue Net profit Net profit/share |
$62,925,000 4,569,000 0.18 |
$40,888,000 1,104,000 0.04 |
| 9 months to June 30, 2008 | Previous year | |
| Revenue Net profit Net profit/share |
$145,891,000 9,372,000 0.37 |
$125,954,000 2,207,000 0.10 |
Revenue Increased
Three-month revenue increased by 53.9% to $62.9 million compared to last year. Revenue for nine months is up 15.8% to $145.9 million. The $US was approximately 10% stronger last year in the same period.
Net Earnings Increased
Earnings per share increased to $0.18 per share from $0.04 the prior year. We expect earnings per share to continue to improve. There are no options issued or outstanding and the number of shares outstanding remains at 25 million.
Looking Forward
We will continue our increased focus on the North American market, in order to satisfy the demand for equipment that has resulted from strong commodity pricing in the agricultural markets. We will also continue to build on the success of creating stability with our supply chain in support of attaining our growth targets.
Contact
Alex Buchko, Director of Finance
Phone: (204) 654-5710
E-mail: abuchko@buhler.com
Click here for complete financial statement
Trading symbol: BUI