Buhler Reports Year-End Results

    Buhler's F2007 Net Income Increases

    WINNIPEG, Jan. 15 /CNW/ - Buhler Industries Inc. reported higher net
earnings of $8.0M or $0.32 per share compared with $4.4M or $0.18 per share in
the previous year on lower sales. Accounting for the increased profits were
sales non-core assets including land, a parkade and a manufacturing division
not considered core to Buhler's long-term objectives. Other factors
contributing to profitability include: reduced interest expense, lower
depreciation expense, a general reduction in expenditures and a loss incurred
in one of its divisions reducing the provision for taxes. Gross margin
continued to decline as the U.S. dollar weakened during the year. The industry
is projecting higher tractor sales in the next year and we expect our volumes
to increase in part due to stronger demand in the tractor industry and the
fact that our new majority owners Combine Factory Rostselmash Ltd. have
established networks in the CIS.

    Year Ending September 30th, 2007                            Year Ago

                    Revenue           $166,189,000          $175,067,000
                    Net profit          $8,012,000            $4,584,000
                    Net profit/share         $0.32                 $0.18
                               (25 million shares)    (25 million shares)

    Year-End Revenue Down 5.1%

    Revenue for the year was $166.2 million compared to $175.1 million last

    Year-End Earnings Up 81.8%

    Earnings for the year ending September 30th, 2007 were $8.0 million
compared with $4.4 million last year. Gross profit was $28.5 million (17.1% of
sales) for 2007 compared to $34.0 million (19.4% of sales) last year. The
number of shares outstanding at year-end was 25 million.

    Annual Dividend

    The Company paid an annual dividend of $0.15 per share on January 16th,
2007 to shareholders of record on December 4th, 2007. A second dividend was
declared October 15th, 2007 to shareholders of record on September 25th, 2007.
 This was the 15th consecutive eligible dividend.

    Complete financial statement: 


For further information:

For further information: Alex Buchko, (204) 477-2310, E-mail:
abuchko@buhler.com; Web site: www.buhler.com, Trading symbol: BUI

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