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1ST QUARTER: BUHLER'S SALES, PROFIT EVEN WITH LAST YEAR'S RECORD
Feb. 15, 2013
Source: Buhler Industries news release
To read the entire report click here.
Sales
Revenues increased by $0.2 to $76.7 for the first quarter, surpassing the record for the first quarter of $76.5 set in 2012. Demand for tractors continues to be strong, both domestically and in the overseas market. Also contributing to the high sales levels was demand for the seeding and tillage lines introduced in recent years.
Gross Profit
Gross profits for the quarter were $11.6, an increase of $0.2 over 2012, largely due to the increased level of sales for the quarter. As a percentage of sales, gross profit for the quarter was 15.1%, up from 14.9% in the first quarter last year. The increase in margin was due to improved labor efficiencies on tractor sales.
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