WINNIPEG, MB, Aug. 14,
2023 /CNW/ - (TSX: BUI)
Sales
Revenue for the quarter was $67.6,
up $9.8 from the comparable quarter
in the prior year. Revenue for the first six months of 2023 was
$123.6 million, up $10.6 compared to the six months ending
June 30, 2022. The Company achieved
higher sales as it begins to see improvements in the supply chain
issues experienced over the last two years.
|
2nd quarter
ending
|
|
|
|
|
6 months
ending
|
|
|
|
June 30,
2023
|
|
|
Year Ago
|
|
June 30,
2023
|
|
Year Ago
|
|
Revenue
(millions)
|
|
$67.6
|
|
$57.8
|
|
Revenues
(millions)
|
$123.6
|
$113.0
|
|
Net income
(millions)
|
|
$16.1
|
|
$1.1
|
|
Net income
(millions)
|
$20.2
|
$1.4
|
|
Net
income/share
|
|
$0.64
|
|
$0.04
|
|
Net
income/share
|
$0.81
|
$0.06
|
|
Shares issued
(millions)
|
|
25.0
|
|
25.0
|
|
Shares Issued
(millions)
|
25.0
|
25.0
|
Net Income for the Quarter
Net income for the second quarter was $16.1, compared to net income of $1.1 for the same period in 2022. For the six
months ending June 30, 2023, the net
income was $20.2, compared to the net
income of $1.4 for the similar period
in 2022.
Looking Forward
The Company has a large backlog of sales and continues to have
strong demand for agricultural machinery and equipment. Increased
sales are projected for 2023 as the Company continues to work
through supply chain challenges. In July, the Company
announced that it has engaged the services of Toronto-based Origin Merchant Partners to
identify a long-term investment partner. This collaboration
represents a significant step forward for the company as it seeks
to bolster its position in the agricultural industry and continue
its commitment to serving farmers and dealers with high quality
farm equipment.
Complete financial
statement: https://www.buhlerindustries.com/pages/investors.php
Trading symbol: BUI
SOURCE Buhler Industries Inc.