Buhler Reports 1st Quarter Results

Buhler Industries Inc. reported revenue for the quarter was $76.7 million, surpassing last year’s record of $76.5 for a first quarter. Higher sales levels are due to continued strong demand for tractors, seeding and tillage.

Net earnings for the first quarter was $3.3 million, up $0.9 million in the previous first quarter. This was primarily due to a gain on foreign exchange and reduced selling and administrative expenditures offset by increased research and development expenditures.

The company said it remains cautiously optimistic about being able to repeat its last year’s sales record. Sales of the company’s tractors, seeding and tillage equipment continue to have strong demand. The recent introductions of the combine, the new drill and cart and grain cart will provide additional sales during the year.

Research and development expenditures are expected to increase in 2013 as the company continues to invest in new products and technologies. The company also said it expects to unveil two new products at farm shows during the second quarter.

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