Buhler Reports Net Loss

Buhler Industries saw a decline in its sales revenue for the second quarter of this year and a greater net loss compared to 2017.

Sales revenue for the quarter ended March 31 was $56.9 million compared to $79.5 million in 2017. For the first six months of this fiscal year, revenue was $131.5 million, which reflected an increase over last year’s $126.7 million.

For the quarter, net loss was $6.6 million this year compared to $300,000 in 2017. The year-to-date net loss was $12.4 million compared to $2.7 million last year.

The company expects sales to decrease in 2018 compared to 2017. Demand for agricultural equipment is slowly improving, it said, but dealer inventory of new and used tractors remains high and needs to be cleared out. Profit margins are expected to decrease as inventory is reduced.

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