Buhler Industries reports 1st quarter earnings



    WINNIPEG, Feb. 9 /CNW/ -

    Buhler's 1st Quarter Net Income Increases

    Net earnings increased to $4.4 million ($0.18 per share on 25 million
shares) compared with $1.2 million ($0.05 per share on 25 million shares) last
year.

    
    1st quarter ending December 31st, 2008

                                                                    Year Ago
              Revenue                      $57,097,000           $32,400,000
              Net profit                    $4,429,000            $1,203,000
              Net profit/share                   $0.18                 $0.05
                                    (25 million shares)   (25 million shares)
    

    1st Quarter-end Revenue Up

    Revenue is up 76% to $57.1 million compared with $32.4 million last year.
The increasing demand for high horsepower tractors in overseas markets and
North America had a positive impact on revenue.

    1st Quarter-end Earnings Up

    New earnings for the 1st quarter ending December 31st, 2008 were $4.4
million compared with $1.2 million last year. Gross profit was $11,648,000
(20.4% of sales) for 2008 compared to $6,360,000 (19.6% of sales) last year.
The number of shares outstanding remains at 25 million.

    
    Complete financial statement:
    http://www.buhler.com/dev/freports/buhler-2009-q1.pdf

    Trading symbol:    BUI
    





For further information:

For further information: Dmitry Lyubimov, Phone: (204) 477-2571, E-mail:
dlyubimov@buhler.com


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890