Buhler Industries Reports 1st Quarter Earnings
Winnipeg, Manitoba
January 22, 2002

3 months to December 31, 2000 Year ago
Revenue $55,395,000
$59,155,000
Net profit $2,950,000
$2,625,000
Net profit / share $0.13 $0.11

Revenue Down 6.4%

First quarter revenue decreased 6.4% to $55 million compared with $59 million last year. The decrease is a result of the continued sluggishness of the farm economy.

Net Earnings Up 12.4%

First quarter earnings increased by 12.4% to $2.9 million or $0.13 per share compared with $2.6 million or $0.11 per share last year. The number of shares outstanding is 23.5 million compared to 24.2 million last year.

Dividend

The Company increased its’ annual dividend for the ninth consecutive year from $0.10 to $0.11 per share. The dividend will be paid on January 28th, 2002, to shareholders of record on December 20th, 2001.

Complete Financial Statement

Contact

Craig Engel - President
Phone: (204) 228-6206
E-mail: cengel@buhler.com

Trading symbol: BUI

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