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.

“Combined operating results for the international businesses weresolidly in the black, but below 1999 results, reflecting the reducedactivity in Latin America. The expansion of Butler’s Shanghai, Chinamanufacturing facility was substantially completed during the thirdquarter and start-up production begun. This $5 million investmentcreates a fully integrated metal buildings facility with additionalcapacity for signifcant growth,” he says.

Butler, which also supplies specialty components and constructionservices for the non-residential construction market, is building a newplant in eastern Tennessee that is expected to begin production in thefirst quarter of next year. It will be the second major manufacturingfacility for the Vistawall division, which manufactures storefronts,entranceways, skylights and curtain wall products.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.


GlobeSt Net Lease Spring 2024Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.