|Bid||3.6000 x N/A|
|Ask||3.6400 x N/A|
|Day's Range||3.6000 - 3.6000|
|52 Week Range||2.6000 - 3.9800|
|Beta (3Y Monthly)||-0.03|
|PE Ratio (TTM)||N/A|
|Earnings Date||Dec 27, 2019 - Dec 31, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly...
WINNIPEG , March 14, 2019 /CNW/ - Buhler Industries Inc (BUI.TO), a leading manufacturer of machinery distributed under the Versatile and Farm King brands, has entered into an original equipment manufacturer (OEM) agreement with Kubota Corporation to develop and produce a new tractor platform in the mid-range front-wheel assist segment. Under the terms of this long term agreement, Buhler Industries will manufacture this tractor at the factory in Winnipeg, Manitoba .
The sales levels for the Company continue to be depressed due to weak commodity prices. The net loss for the quarter was $4.4 million , compared with $5.8 million for the same period in 2018. In the prior year the Company took a $5.8 million write down in tax assets due to a major reduction of the corporate tax rate in the United States , which was not repeated in the current year.
The sales levels for the Company continue to be depressed due to weak commodity prices. The reduction in gross margin due to increased discounts and write downs of certain inventories were the largest contributors to the decline, as well as lower gains on the sale of surplus assets, increased spending on research and development and interest expenses. Furthermore, in the current year the Company had a $5.8 million write down in tax assets due to a major reduction of the corporate tax rate in the United States during the first quarter, and a further $15.1 million write down as management decided to write off the remaining deferred tax assets in the United States .