Attention Business/Financial Editors : FOR IMMEDIATE RELEASE

BUHLER INDUSTRIES REPORTS 1ST QUARTER EARNINGS

WINNIPEG, Manitoba
January 21, 2005

3 months to December 31, 2004			Year Ago
	Revenue	$45,811,000	$42,303,000
	Net profit	$1,647,000	$2,093,000
	Net profit/share	$0.07	$0.09

Revenue Increased
First quarter revenue increased 8.3% to $45.8 million compared with $42.3 million last year.

Net Earnings Decreased
First quarter earnings decreased by 21.3% to $1.6 million ($0.07 per share) compared with $2.1 million ($0.09 per share) last year. The recent unprecedented steel price increases will continue to have a negative impact on earnings.

The number of shares outstanding is 25 million compared to 23 million last year.

Dividend
The Company increased its annual dividend for the 12th consecutive year from $0.13 to $0.14 per share. The dividend was paid on January 14th, 2005, to shareholders of record on December 3rd, 2004.

Contact :	Craig Engel (204) 228-6206
Email :	cengel@buhler.com
Website :	www.buhler.com
Complete Financial Statement:	http://www.buhler.com/sitefiles/finance/reports/05/1st_qtr_05.pdf
Trading Symbol :	BUI