Buhler Industries Inc. reported audited consolidated earnings results for the year ended September 30, 2015. For the year, the company reported revenue of CAD 245.7 million against CAD 325.5 million a year ago. Net loss was CAD 5.316 million against net profit of CAD 12.458 million a year ago. Net loss per share was CAD 0.21 against net income per share of CAD 0.50 a year ago. Weak commodity prices and the unstable political environment in Eastern Europe continue to contribute to reduced sales levels for the company. Loss from operations was CAD 4.012 million compared to income from operations of CAD 22.491 million a year ago, primarily due to the decrease in gross profit. Net loss before taxes was CAD 14.517 million compared to net income before taxes of CAD 14.927 million a year ago. Net cash provided by operating activities was CAD 18.212 million compared to net cash used in operating activities of CAD 68.403 million a year ago. Purchase of property, plant and equipment was CAD 2.731 million against CAD 4.639 million a year ago. LBITDA per share was CAD 0.26, LBIT per share was CAD 0.46 and cash flow per share was CAD 0.19. Negative return on average capital was 3% and negative return on average equity was 3%. LBITDA was CAD 6.489 million, down from the prior year of CAD 24.1 million. The decrease was due primarily to the decrease in gross margin. Book value per share was CAD 7.52.

Demand for agricultural equipment is expected to be weaker in 2016 as a result of lower commodity prices and this will continue to have an unfavorable impact on company's sales and profitability in 2016. Gross margin and operating margin in 2016 are expected to be lower due to lower sales and production volumes.