Buhler Industries reports 3rd quarter earnings

    WINNIPEG, Aug. 14 /CNW/ -

    3 months ended June 30, 2009
                                            Q3 2009        Q3 2008
                                            -------        -------

    Revenue (millions)                        $76.7          $62.9
    Net profit (millions)                       1.2            4.4
    Net profit/share                           0.05           0.17

    9 months ended June 30, 2009

                                        YTD Q3 2009    YTD Q3 2008
                                        -----------    -----------

    Revenue (millions)                       $227.1         $145.9
    Net profit (millions)                      10.3            8.8
    Net profit/share                           0.41           0.35

    Revenue Increased

    Third quarter revenue increased to $76.7 million up 22% over the prior
year of $62.9 million. Revenue for nine months is $227.1 million up 56% from
the prior year. Strong demand in North America for agricultural products
contributed to the sales increase.

    Net Earnings Up for the Year

    Net earnings for the quarter came in at $1.2 million down from $4.4
million in the previous year. Earning per share came in at $0.05 compared to
$0.17 in the prior year. Net earnings for 9 months increased to $10.3 million
or $0.41 per share compared with $8.8 million or $0.35 per share last year.

    Looking Forward

    Nine month sales are just short of our full year record sales of $232.6
million set in 2002 despite the current economic crisis. Sales of short-line
equipment continue to do well, however, a decline in overseas tractor sales is
anticipated for the remaining part of the year and as a result, sales are
expected to be lower in the fourth quarter.

    Complete financial statement:

    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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