Buhler Industries Reports 2nd Quarter Earnings
Winnipeg, Manitoba
April 25, 2006

3 months to March 31, 2006 Previous year
Revenue $59,152,000
$63,989,000
Net profit $1,875,000
$4,078,000
Net profit / share $0.07 $0.16
6 months to March 31, 2006 Previous year
Revenue $98,541,000
$109,800,000
Net profit $3,582,000
$5,725,000
Net profit / share $0.14 $0.23

Revenue Reduced

Revenue for the second quarter reduced by 7.6% to $59.1 million compared with $64.0 million last year. Revenue for six months reduced by 10.3% to $98.5 million compared with $109.8 million last year. The high value of the Canadian dollar is the main reason for the lower revenue.

Net Earnings Decreased

Net earnings for the second quarter decreased by 54.0% to $1.9 million or $0.07 per share compared with $4.1 million or $0.16 per share last year. Net earnings for six months decreased to $3.6 million or $0.14 per share compared with $5.7 million or $0.23 per share last year.

Looking Forward

In spite of the negative trend of this quarter, management is committed to improving the areas of our operation that have caused our financial results to decline. There is no “quick fix” for some of these issues, but we will work to implement changes and improve our results in due course.

Complete Financial Statement

Contact

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

Trading symbol: BUI

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