Buhler Industries Reports Year-End Earnings

Buhler Industries reported its third quarter sales reached the third-highest sales level in the company’s history. Revenues for 2014 were $325.5 million, surpassed only by the records it set in 2012 and 2013.

Net earnings were $12.5 million, down from $19.9 million of 2013. Decreased margins and increased selling and administration expenses were partially offset by gains on sale of excess property and equipment, as well as decreased interest expenses resulting from new financing agreements.

The company expects to see a decline in 2015 sales due to lower commodity prices. Export sales to Eastern Europe have also dropped due to weaker commodity pricing and the political uncertainty in Russia and Ukraine. The company said it expects cash flow to improve throughout the year as inventory levels are projected to decline.

Buhler Industries Inc., Association member since 1972; buhler.com. S