Buhler Industries recently reported earnings for the quarter and six months that ended March 31.
Revenue for the quarter increased by 8 percent, and revenue for the first six months increased by 6 percent compared to the first six months of last fiscal year.
Net earnings improved from an $8.5 million loss to a $400,000 gain for the quarter. For the six-month comparison, earnings improved from a $13.9 million loss to a $3.4 million loss.
Buhler reported it has improved its manufacturing efficiencies and managed its margin improvement. In addition, lower selling and administration costs, interest expense savings, gains on disposal of assets and favorable exchange rates have all contributed to the favorable results.
The company continues to project sales growth this year. Sales backlog remains high as Buhler works through supply chain challenges, including raw material availability, a news release said.
In the past year, the company restructured its manufacturing capacity and made changes to reduce the overall cost of operations. The results of these changes are beginning to be visible in 2021; the full impact will be realized in 2022.
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