Buhler Industries Reports Year End Earnings
Winnipeg, Manitoba
December 23, 2008

Buhler’s F2008 Net Income Increases

Net earnings increased 218.8% to $21.9 million ($0.88 per share on 25 million shares) compared with $6.9 million ($0.27 per share on 25 million shares) in 2007. The current year?s earnings include $7.2 million of debt forgiveness shown as net of $2.09 million in taxes.

Year ending September 30, 2008 Previous year
Revenue $218,955,000
$166,189,000
Net profit $21,910,000
$6,872,000
Net profit / share $0.88 $0.27
Shares issued (millions) 25.0 25.0

Year-End Revenue Up

Revenue is up 31.9% to $219.0 million compared with $166.2 million last year. The stability of the Canadian dollar and increasing demand for high horsepower tractors in overseas markets had a positive impact on revenue.

Year-End Earnings Up

Net earnings for the year ending September 30th, 2008 were $22.0 million compared with $6.9 million last year. Gross profit was $43.9 million (20.0% of sales) for 2008 compared to $28.5 million (17.1% of sales) last year. The number of shares outstanding at year-end was 25 million.

Complete Financial Statement

Contact

Willy Janzen, Chief Financial Officer
Phone: (204) 654-5718
E-mail:?wjanzen@buhler.com

Trading symbol: BUI

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