Buhler Industries Reports 2nd Quarter Earnings
Winnipeg, Manitoba
April 21, 2005

3 months to March 31, 2005 Previous year
Revenue $63,989,000
$62,634,000
Net profit $4,078,000
$3,915,000
Net profit / share $0.16 $0.16
6 months to March 31, 2005 Previous year
Revenue $104,800,000
$104,937,000
Net profit $5,725,000
$6,008,000
Net profit / share $0.23 $0.25

Revenue Increased

Revenue for the second quarter increased by 2.2% to $64.0 million compared with $62.6 million last year. Revenue for six months increased by 4.6% to $109.8 million compared with $104.9 million last year.

Net Earnings Increased

Net earnings for the second quarter increased by 4.2% to $4.1 million or $0.16 per share compared with $3.9 million or $0.16 per share last year. Net earnings for six months decreased to $5.7 million or $0.23 per share compared with $6.0 million or $0.25 per share last year.

Looking Forward

Our current order backlog varies from product to product and ranges from "stronger than normal" to "weaker than normal". Due to the uncertain, long term reaction of our customers to our increased 2005 prices, we continue to forecast flat or slightly improved annual revenues in spite of the increases we experienced during the first two quarters of this year.

Complete Financial Statement

Contact

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

Trading symbol: BUI

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