Revenue for the quarter was $51.2 million, up 4% from $49.2 million in the first quarter of 2020. The company's increase in sales levels is the result of increased export demand for its farm equipment.
Revenue for the quarter was C$76.6 million, up C$12.5 million from the prior year third quarter. Revenue for the first nine months of 2020 was C$185.7 million, up C$6.1 million from 2019.
Buhler Industries, the manufacturer of the Versatile and Farm King line of agriculture equipment, reported its year-end earnings on Dec. 30, 2019. Revenue for the year was $229.1 million, down $58.9 million or 25.7% from sales of $288.0 million in 2018.
In today’s newscast we report on the impact the California drought and low commodity prices had on the ag industry, Buhler growing its dealer network, Trimble’s acquisition of IRON Solutions and Lindsay’s latest earnings report.
Demand for tractors, particularly the DeltraTrack units, continues to be strong. However, as anticipated, the decline in commodity prices has resulted in a reduction in sales.
Buhler Industries (BUI) is reporting that the company revenues for the period ended June 30 set a record as the best third quarter in company history reaching $95.8 million, up 24.4% from last year's third quarter of $77 million.
In this video, Adam Reid, Director of Marketing for Buhler Industries (Versatile Ag and Farm King), gives a sneak peek into what is coming down the road for Versatile in the near future.
Built on 90 years of expertise, Yetter Farm Equipment leads the agriculture industry in designing effective and innovative equipment for residue management, seedbed preparation, precision fertilizer placement, harvest attachments, strip-tillage, and more.
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