Buhler Reports Third-Quarter Earnings

Buhler Industries reported its revenue for the quarter was $77.1 million, down from last year’s record of $99.2 million. Sales of $250.7 million for the first nine months dropped from the $269.0 million reported for the same period in 2013. Sales for the quarter and year to date declined due to lower demand for agricultural equipment as a result of lower commodity prices.

Net earnings of $1.1 million were down from the company’s record $8.4 million set in 3Q13. Aside from the decreased sales levels, Buhler saw increases in selling and research and development expenses, as well as a decrease in gain on foreign exchange. These were partially offset by increases in gains surplus assets sales and decreased interest expenses.

The company noted that export sales to Eastern Europe have dropped due to weaker commodity pricing and the political uncertainty in Russia and Ukraine.

Buhler Industries—Association member since 1972; buhler.com. S