Yesterday, Buhler Industries, manufacturer of farm tractors and other agricultural equipment, released its year-end financial results. The company reported that revenue increased to $284.1 million up 29.7% over the prior year of $219 million. Strong demand in North America for agricultural products contributed to the sales increase.
|Year Ending: September 30, 2009||Year||Ago|
|Net Profit (millions)||$14.4||$11.7|
|Net Profit/Share (millions)||$0.57||$0.47|
|Shares Issued (millions)||25.0||25.0|
Net Earnings Up for the Year Net earnings for the year came in at $14.4 million up from $11.7 million in the previous year resulting from the increase in sales. Earning per share came in at $0.57 compared to $0.47 in the prior year.
Looking Forward The 2009 sales levels represent a record year for the company, despite the current economic crisis. Sales of short-line equipment continue to do well, however, a decline in overseas tractor sales is anticipated and as a result, sales are expected to be lower in 2010.