Buhler Industries Reports Year End Earnings
Buhler Industries, Winnipeg, Canada, reported record sales levels for the second consecutive year. Revenues for 2012 were $361.2 million, up 27.8% from the prior year. This increase was due to the strong demand for tractors in North America and overseas, as well as increased demand for sprayers and seeding and tillage lines introduced in recent years, the company said.
Year Ending Sept. 30, 2012
| 2012 | 2011 | |
| Revenue (millions) | $361.2 | $282.7 |
| Net profit (millions) | $16.4 | $11.9 |
| Net profit/share | $0.65 | $0.48 |
Net earnings for the year came in at a record $16.4 million, up 37.8% from $11.9 million in the previous year, resulting from the increase in sales.
Sales for 2013 are expected to be higher than 2012, the company said. Sales of tractors, sprayers, seeding and tillage are expected to increase during the year. The introduction of the new Versatile combine in 2012 and the recently introduced grain cart are expected to add to sales in 2013.
Buhler Industries, Association Member since 1972, buhler.com.