Buhler Industries reports year end earnings

WINNIPEG , Dec. 24 /CNW/ - Record Sales Revenue increased to $284.1 million up 29.7% over the prior year of $219.0 million . Strong demand in North America for agricultural products contributed to the sales increase.

    
    Year ending September 30, 2009
                                                 Year Ago

    Revenue (millions)              $284.1         $219.0

    Net profit (millions)            $14.4          $11.7

    Net profit/share                $0.577          $0.47

    Shares issued (millions)         25.00           25.0
    

Net Earnings Up for the Year

Net earnings for the year came in at $14.4 million up from $11.7 million in the previous year resulting from the increase in sales. Earning per share came in at $0.57 compared to $0.47 in the prior year.

Looking Forward

The 2009 sales levels represent a record year for the company, despite the current economic crisis. Sales of short-line equipment continue to do well, however, a decline in overseas tractor sales is anticipated and as a result, sales are expected to be lower in 2010.

    
    Complete financial statement:
    http://www.buhler.com/dev/freports/buhler-2009-q4.pdf

    Trading symbol: BUI
    

For further information: Willy Janzen, Chief Financial Officer, Phone: [phone], E-mail: [email protected]