Buhler Industries posted a profit of $12.5 million in the year ending Sept. 30 2014, down from $19.9 million last year.
The company makes Versatile and Farm King products. Revenue slipped to $325.5 million from $340.3 million. The company said lower crop prices and farm income hurt demand, and exports to Ukraine and Russia fell on political uncertainty.
Decreased margins and increased selling and administration expenses were partially offset by gains on sale of excess property and equipment, as well as decreased interest expenses resulting from new financing agreements.
