WINNIPEG, Dec. 24, 2013 /CNW/ - (TSX:BUI)
Revenue
The Company achieved the second highest level in sales history. Revenues
for the year were $343.9 million, surpassed only by the prior year
record of $361.2 million. Demand for the tractors, precision seeding
and tillage lines continue to be strong.
Year ending September 30, 2013
|
|
Year Ago
|
|
Revenue (millions)
|
$343.9
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$361.2
|
|
Net profit (millions)
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$19.9
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$16.4
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|
Net profit/share
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$0.80
|
$0.65
|
|
Shares issued (millions)
|
25.0
|
25.0
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Net Earnings Up for the Year
Net earnings for the year came in at a record $19.9 million, up 21.3%
from $16.4 million in the previous year, resulting from an improved
margin on sales, gain on foreign exchange due to the decline in the
Canadian dollar, and a reduction in selling and administrative
expense. Earning per share came in at $0.80 compared to $0.65 in the
prior year.
Looking Forward
Sales for 2014 are expected to be modestly higher than 2013. Favourable
crops in North America in 2013 will contribute to the sales of
Versatile and Farm King products. In addition, the introduction of
products such as the DeltaTrack and new Rowcrop in 2013 should continue
to stimulate new sales in 2014.
SOURCE Buhler Industries Inc.
Contact: Willy Janzen, Chief Financial Officer
Phone: (204) 654-5718
E-mail: wjanzen@buhler.com
Complete financial statement: http://www.buhlerindustries.com/investors/reports/buhler-2013-q4.pdf
Trading symbol: BUI
Copyright CNW Group 2013