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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