Buhler Industries posted a net loss of $2.7 million on revenue of $274.1 million in the year ending Sept. 30, 2016. That was an improvement over last year when the farm equipment maker lost $5.3 million on revenue of $245.7 million.
The company said lower margins, higher interest costs and research and development spending were main factors. This was partially offset by gains on the sale of surplus assets and increased gains on foreign exchange
Sales for 2017 are expected to be up slightly but margins will be weak because of competition and the rising cost of imported parts.
