Buhler Industries has reported revenue for the quarter of $55.2, down $9.4 from the comparable quarter in the prior year. The company stated that the decrease in sales levels is the result of supply chain issues experienced during the quarter and not a result from the lack of demand as it remains very high.
Sales are expected to grow as the Company is able to resolve the supply chain issues. The backlog remains very high. Inventory is projected to decrease as the Company is able to reduce the supply chain issues. In the past year, the Company restructured its manufacturing capacity and made changes to reduce the overall cost of operations. The restructuring coupled with improved supply chain will increase the profitability of the Company.
Complete financial statement: http://www.buhlerindustries.com
Trading symbol: BUI
SOURCE Buhler Industries Inc.