Sales Up at Buhler in Q2

Winnipeg-based Buhler Industries reported its sales revenue for the quarter was $81 million, up $16.3 million from the second quarter last year.

Revenue for the first six months of fiscal year 2016 was $117.3 million, down $7.5 million from 2015. Weak commodity prices continue to contribute to reduced sales levels for the company.

Sales in North America have declined from the prior years, particularly in the United States. Sales to Eastern Europe have increased significantly, especially in the second quarter.

The company expects sales for the rest of the fiscal year to be in line with first- and second-quarter sales. Sales and profitability for the year are projected to be lower as demand for agricultural equipment continues to be off in 2016 because of lower commodity prices. Dealer inventory in Canada and the United States for four-wheel drives has dropped to its lowest point in the last few years.

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