Buhler Industries reports 2nd quarter earnings



    WINNIPEG, May 15 /CNW/ -

    
    3 months ended March 31, 2009
                                                       Q2 2009       Q2 2008
                                                       -------       -------
    Revenue                                       $ 93,352,000  $ 50,561,000
    Net profit                                       4,586,000     3,223,000
    Net profit/share                                      0.18          0.13


    6 months ended March 31, 2009
                                                   YTD Q2 2009   YTD Q2 2008
                                                   -----------   -----------
    Revenue                                       $150,449,000  $ 82,966,000
    Net profit                                       9,015,000     4,426,000
    Net profit/share                                      0.36          0.18
    

    Revenue Increased

    Second quarter revenue increased to a record of $93.4 million up 85% over
the prior year of $50.6 million. Revenue for six months is $150.4 million up
81% from the prior year. Overseas sales to our majority owner coupled with
favorable exchange rates and a healthy demand for agricultural products
contributed to the sales increase.

    Net Earnings

    Increased Net earnings for the quarter increased to $4.6 million from
$3.2 million in the previous year. Earning per share came in at $0.18 compared
to $0.13 in the prior year. Net earnings for 6 months increased to $9.0
million or $0.36 per share compared with $4.4 million or $0.18 per share last
year.

    Looking Forward

    Record sales in 2009 are expected despite the current global economic
crisis. As a result of strong commodity prices there will be an increased
focus on the North American market in order to satisfy the demand for
equipment. Sales of short-line equipment continue to be strong, however a
decline in tractor sales is anticipated for the remaining part of the year.

    
    Complete financial statement:
    http://www.buhler.com/dev/freports/buhler-2009-q2.pdf

    Trading symbol: BUI
    




For further information:

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


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