Buhler Industries Reports 2nd Quarter Earnings
Winnipeg, Manitoba
May 15, 2009

3 months to March 31, 2009 Previous year
Revenue $93,352,000
$50,561,000
Net profit $4,586,000
$3,223,000
Net profit / share $0.18 $0.13
6 months to March 31, 2009 Previous year
Revenue $150,449,000
$82,966,000
Net profit $9,015,000
$4,426,000
Net profit / share $0.36 $0.18

Revenue Increased

Second quarter revenue increased to a record of $93.4 million up 85% over the prior year of $50.6 million. Revenue for six months is $150.4 million up 81% from the prior year. Overseas sales to our majority owner coupled with favorable exchange rates and a healthy demand for agricultural products contributed to the sales increase.

Net Earnings Increased

Net earnings for the quarter increased to $4.6 million from $3.2 million in the previous year. Earning per share came in at $0.18 compared to $0.13 in the prior year. Net earnings for 6 months increased to $9.0 million or $0.36 per share compared with $4.4 million or $0.18 per share last year.

Looking Forward

Record sales in 2009 are expected despite the current global economic crisis. As a result of strong commodity prices there will be an increased focus on the North American market in order to satisfy the demand for equipment. Sales of short-line equipment continue to be strong, however a decline in tractor sales is anticipated for the remaining part of the year.

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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