Buhler: Weak Quarter, Better Six Months

Buhler Industries recently reported its quarterly earnings. Sales revenue for the second quarter was $79.5 million, down 1.9 percent from the second quarter of 2016.

Revenue for the first six months of this fiscal year was $126.7 million, which represents an 8 percent increase compared to 2016.

The report said the company saw an increase in sales in the U.S.; sales in Eastern Europe remained steady.

The company expects sales for the year to finish slightly ahead of 2016.

Dealer inventory levels for high horsepower tractors are down in the U.S. from last year, which will create opportunities when demand for new equipment increases, the company said.

Profitability from operations is expected to increase during the year as a result of actions taken by the company to reduce cost.

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