Buhler Industries Inc. reported consolidated earnings results for the first quarter ended December 31, 2011. For the quarter, the company reported revenue of CAD 76.5 million, up 41.9% from last year's first quarter of CAD 53.9 million. The increase in sales can be attributed to a recovery in the overseas market and strong domestic demand for tractors, continued demand for the sprayer line introduced in fiscal 2010 and sales in the seeding and tillage lines introduced in 2011. Net earnings were CAD 2.4 million, up from CAD 0.5 million in the previous first quarter. This was primarily due to the increased sales levels as well as decreased spending on research and development. Earnings per share were CAD 0.09 compared to CAD 0.02 in the prior year first quarter. Income from operations was CAD 6,812,000 against CAD 5,571,000 a year ago. Net earnings before taxes were CAD 2,556,000 against CAD 182,000 a year ago. Cash used in operating activities was CAD 19,294,000 against CAD 18,928,000 a year ago. EBITDA for the quarter was CAD 4.4 million, an increase of CAD 2.9 million from the same period last year. The improvement was due to an increase in income from operations, as a result of higher sales, as well as the decrease in research and development spending. The company announced sales for the remainder of 2012 are projected to continue to be strong for both the tractor and sprayer lines. The strategic alliance with Westeel is anticipated to continue to contribute to sales growth, as will the seeding and tillage equipment lines acquired in 2011. The company also expects sales growth in 2012 from the release of a new line of four wheel drive tractors and from the introduction of combines to the company's product lines.