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: Dicamba Returns for Georgia Farmers: What the New EPA Ruling Means for Cotton Growers

After being unavailable in 2024 due to registration issues, dicamba products are returning for Georgia farmers this growing season — but under strict new conditions.

In this report from Tifton, Extension Weed Specialist Stanley Culpepper explains the updated EPA ruling, including new application limits, mandatory training requirements, and the need for a restricted use pesticide license. Among the key changes: a cap of two ½-pound applications per year and the required use of an approved volatility reduction agent with every application.

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While environmental groups have expressed concerns over spray drift, Georgia growers have reduced off-target pesticide movement by more than 91% over the past decade. Still, this two-year registration period will come with increased scrutiny, making stewardship and compliance more important than ever.