Buhler Reports 16% Increase in 2Q Revenue

Aug 22, 2024

Buhler Industries, manufacturer of the Versatile and Farm King brands of ag equipment, reported revenue for the 2nd quarter ended June 30,2024, was up 15.9% coming in at 78.3 million compared to $67.6 million in the prior year's second quarter. Revenue for the first six months of 2024 was $149.4 up $25.8 from 2023. The Company has been successful in improving its supply chain issues and, continues to enjoy strong demand for its products.

	Second Quarter Ended June 30		6 months Ended June 30
	2024	2023	2024	2023
Revenue (millions)	$78.30	$67.60	$149.40	$123.60
Net income (millions	$7.20	$16.10	$5.10	$20.20
Net income/share	$0.29	$0.64	$0.20	$0.81
Shares issued (millions)	25	25	25	24
Source: Buhler Industries

Net Income for the Quarter

Net income for the second quarter was $7.2, compared to net income of $16.1 for the same period in 2023. For the year to date, net income was $5.1, compared to net income of $20.2 for the similar period in 2023.

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Video: Independent Seed, National Impact | On The Brink: Episode 9

A survey of 200 independent seed businesses reveals what Canada's seed sector actually contributes — and what it stands to lose.

On the Brink, Justin Funk, a third-generation agri-marketer, shares the findings of a national survey conducted in early 2026. The numbers reframe the conversation: independent seed companies in Canada represent upwards of $1.7 billion in dedicated seed infrastructure, approximately 3,000 full-time equivalent jobs in rural communities, and an estimated $20 million in annual community contributions. And roughly 90% of Canada's cereals, pulses, and other small pollinated crops flow through them.

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On the Brink is a cross-country video series exploring the future of plant breeding in Canada. Each episode features voices from across the industry in an open, ongoing conversation about innovation and long-term investment in Canadian agriculture.