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Sep. 4, 2012 Source: Buhler Industries news release To view complete report, click here. Buhler Industries Inc. reports 3rd quarter earnings. Sales Revenue for the period set a record as the best third quarter in Company history reaching $95.8 million, up 24.4% from last year's third quarter of $77.0 million. Sales of $274.8 million for the first nine months are also the best in Company history, up $72.7 million from the prior year. The increase in sales can be attributed to the strong demand overseas and in North America. Net Earnings Net earnings for the third quarter was $6.8 million, up $2.2 million from the previous third quarter. For the first nine months, earnings were $13.3 million compared to $5.5 million last year. Net earnings for the quarter set a record as the best quarter in Company history. In addition, record earnings are being reported for the first three quarters of the year. The increase in earnings was primarily due to the significant increase in sales, which was partially offset by increased interest and depreciation expense due to the acquisitions made in the prior year. Earnings per share came in at $0.27 compared to $0.18 in the prior third quarter and $0.53 compared to $0.22 for the nine months ended June 30, 2011. Tweet |
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