Buhler announced revenue for the quarter was $60.1 million, down $5.2 million from the same quarter in the prior year. Revenue for the first nine months of 2023 was $183.7 million, up $5.4 million from 2022. The Company achieved higher sales as it begins to see improvements in the supply chain issues experienced over the last two years. Demand for the Company’s products remains very high.
For the third quarter of 2023, gross profit was $7.4 million compared to $8.7 million in the prior year third quarter. As a percentage of revenue, gross profit was 12.4%, down from 13.3% in the third quarter of 2022. For the nine months ended September 30, 2023, gross profit was $24.8 million, up from $24.1 million in the same period last year. As a percentage of revenue, gross profit was 13.5%, as compared with 13.5% in the prior year to date period.
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