Buhler Reports Second Quarter Earnings.

WINNIPEG, Manitoba--(BUSINESS WIRE)--April 30, 1996--BUHLER INDUSTRIES INC. (TSE: BUI.A ) reports second quarter earnings.

3 months to March 31st, 1996                Year Ago

    Revenue           13,830,000          14,443,000
    Net profit           792,000             756,000
    Net profit/share        0.04                0.04

6 Months March 31st, 1996                   Year Ago

    Revenue           28,089,000          27,412,000
    Net profit         1,679,000           1,386,000
    Net profit/share        0.08                0.07

Earnings up 21 percent

Year to date net earnings increased 21 percent to $1,679,000 from $1,386,000 last year. Operating profits show a significant increase due to the increased sales activity in the United States and more favorable exchange rates and a general improvement in the farm economy. This marks the 13th consecutive quarter of increased earnings over the previous year. Sales up 2.5 percent

Year to date net sales increased by 2.5 percent over the same period last year. Sales for the first six months totalled 28.1 million dollars compared with 27.4 million dollars last year. Gross profit up

Gross margins increased to 30.7 percent compared with 26.6 percent last year. As a result net earnings for the second quarter increased by 5.8 percent in spite of a small decrease in sales. With sales increasing at a less rapid pace, management has been able to concentrate on productivity, less overtime is required and as a result gross margins are back to 30 percent, the same level as in 1990 but not yet at the record level of 32 percent, which we are striving to achieve.

Dividends

The company usually pays annual dividends three months after the September 30th fiscal year end. The 1995 dividend was $0.05 compared with $0.04 for 1994.

History

Buhler Industries Inc. owns and operates four fully equipped manufacturing plants and five distribution centers. The company is a major manufacturer of a wide range of agricultural equipment marketed throughout North America under three primary brand names: "ALLIED" and "FARM KING" and "BUHLER". The Company's Laser Division is the focal point of a custom fabrication service. Total employment is now 450.

The Toronto Stock Exchange has neither approved nor disapproved the information contained herein.

CONTACT: Buhler Industries Inc.

John Buhler, 204/661-8711