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FULL YEAR: BUHLER INDUSTRIES' SALES UP 11%, NET EARNINGS IMPROVE 150%
Source: Buhler Industries news release

To view the complete report, click here.

Revenue for the year was $274.1 million, up $28.4 million from 2015. Demand for the Legendary Limited Edition tractors, introduced to commemorate 50 years of continuous four-wheel drive production, offset the weak commodity prices that continue to contribute to reduced sales levels for the Company. Year to date sales in North America have declined from prior years, particularly in the US.

The net loss for the year was $2.7 million, an improvement of $2.6 million compared to the $5.3 million loss last year. A decrease in margin was the main driver of the loss, along with higher interest costs and research and development spending, partially offset by gains on the sale of surplus assets and increased gains on foreign exchange.


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