Buhler Industries Reports 3rd Quarter Earnings
Winnipeg, Manitoba
July 24, 2006

3 months to June 30, 2006 Previous year
Revenue $42,879,000
$58,268,000
Net profit $879,000
$2,670,000
Net profit / share $0.04 $0.11
9 months to June 30, 2006 Previous year
Revenues $141,420,000
$168,068,000
Net profit $4,461,000
$2,670,000
Net profit / share $0.04 $0.11

Revenue Down

Revenue for the third quarter reduced by 26.4% to $42.9 million compared with $58.3 million last year. Revenue for nine months reduced by 15.9% to $141.4 million compared with $168.1 million last year.

Net Earnings Down

Earnings per share (EPS) of $0.04 for the third quarter is below expectations. We are now forecasting EPS of $0.20 to $0.25 for fiscal 2006, compared with previous EPS forecast of $0.30 to $0.40. The total number of outstanding shares is 25 million.

Looking Forward

Our priorities are to increase sales, reduce inventory, decrease selling and administration expenses and improve our gross margin over the next four quarters.

Complete Financial Statement

Contact

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

Trading symbol: BUI

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