Buhler industries Archives - North America FarmQuip Magazine https://www.americafem.com/tag/buhler-industries/ Equipment, Machines, attachments and implements for farming, agriculture and forestry in the United States and Canada Tue, 04 Jan 2022 15:44:36 +0000 en hourly 1 https://wordpress.org/?v=6.9.4 Rostselmash Increases Stake in Buhler Industries https://www.americafem.com/2022/01/10/rostselmash-increases-stake-in-buhler-industries/ https://www.americafem.com/2022/01/10/rostselmash-increases-stake-in-buhler-industries/#respond Mon, 10 Jan 2022 18:00:58 +0000 https://www.americafem.com/?p=295903 Rostselmash announces that it has purchased additional common shares of Buhler Industries. The Purchaser acquired an aggregate of 4,083,886 Buhler Industries Shares at a price of $3.00 per Buhler Industries Share for an aggregate purchase price of $12,251,658. The Purchaser acquired the Buhler Industries Shares pursuant to a private agreement between the Purchaser and Highland […]

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]]> Rostselmash announces that it has purchased additional common shares of Buhler Industries. The Purchaser acquired an aggregate of 4,083,886 Buhler Industries Shares at a price of $3.00 per Buhler Industries Share for an aggregate purchase price of $12,251,658. The Purchaser acquired the Buhler Industries Shares pursuant to a private agreement between the Purchaser and Highland Park Financial Inc. HPF is beneficially owned and controlled by John Buhler. John Buhler is a director of Buhler Industries and is the past Chairman and CEO of that company.

The Purchaser is a corporation duly incorporated under the laws of the Country of Russia which prior to completion of the Acquisition held 20,100,700 Buhler Industries Shares representing approximately 80.4% of the total issued and outstanding Buhler Industries Shares.

Following the completion of the Acquisition, the Purchaser now holds 24,184,586 Buhler Industries Shares representing approximately 96.7% of the total issued and outstanding Buhler Industries Shares.

The purpose of the Acquisition was for investment purposes. The Purchase (or the directors and officers of Buhler Industries who are also directors, officers, and shareholders of the Purchaser) may acquire, directly or indirectly, additional securities of Buhler Industries from time to time depending on market conditions.

Source: Rostselmash

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]]> https://www.americafem.com/2022/01/10/rostselmash-increases-stake-in-buhler-industries/feed/ 0 Buhler Industries Reports 1st Quarter Earnings https://www.americafem.com/2020/03/17/buhler-industries-reports-1st-quarter-earnings/ https://www.americafem.com/2020/03/17/buhler-industries-reports-1st-quarter-earnings/#respond Tue, 17 Mar 2020 17:00:11 +0000 https://www.americafem.com/?p=155952 Buhler reported 1st Quarter Earnings. Revenue for the quarter was $49.2 million, down from $57.3 million in the first quarter of 2019. The Company’s lower sales levels are as a result of trade uncertainties, bad harvest conditions and poor crop yields coupled with low commodity process. Sales to Canada and Eastern Europe are below historical […]

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]]> Buhler reported 1st Quarter Earnings. Revenue for the quarter was $49.2 million, down from $57.3 million in the first quarter of 2019. The Company’s lower sales levels are as a result of trade uncertainties, bad harvest conditions and poor crop yields coupled with low commodity process. Sales to Canada and Eastern Europe are below historical levels, while the U.S. has seen a return to historical levels of first-quarter sales.

The net loss for the quarter was $5.5 million, compared with $4.4 million for the same period in 2019. The decline in income from operations due to the decreased margin and gain on disposal of assets was offset by decreased interest expense and research and development costs as well as increases in gain on foreign exchange.

The economic conditions including lower commodity prices and trade uncertainties continued into the first quarter. Results of the poor harvest in many areas of North America continue to dampen demand for large farm equipment. Sales levels and margins are expected to decline slightly from the prior year and this decline will be somewhat offset by increased demand for the new mid-range front-wheel assist Versatile and Kubota tractors.

Complete Financial Statement

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