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Butler Manufacturing 3Q Net Up 20%

KANSAS CITY, MO-Pre-engineered building systems reports big jump in earnings despite flat revenue growth.

By Judie Burkhalter | Updated on October 19, 2000

KANSAS CITY, MO-Butler Manufacturing Co., the world’s leading producer ofpre-engineered building systems, has announced a 20% increase in earnings for the third quarter. For the quarter that ended September 30,Butler reported net income of $9.4 million compared to $8.6 millionin the same period last year. Earnings per share were $1.47 compared to $1.22 per share inthe third quarter of 1999.

For the first three quarters this year, sales were $713 million, alittle lower than $718 million recorded last year. Net earnings for thefirst nine months of this year were $18.3 million, compared to $15.2million posted in the first three quarters of last year.Last year, third quarter net earnings were impacted by a one-time gainreceived from the sale of a former United Kingdom metal buildingsubsidiary.

“Sales in the international metal buildings businesses wereapproximately 15% lower than the comparable nine month period of1999, principally due to continued weak demand in the Latin Americanregion,” says John Holland, president and chief executive officer.

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