Robbins & Myers Reports Q2 EPS of $0.62 vs. $0.48; Revenues $215M vs. $199M

Robbins & Myers, Inc. RBN today reported diluted net earnings per share (DEPS) of $0.32 for its fiscal second quarter ended February 28, 2011, compared with $0.13 in the prior year second quarter. Adjusting for one-time charges relating to the acquisition of T-3 Energy Services, Inc. (T-3) on January 10, 2011, the Company earned $0.62 per share, which included approximately $0.06 of certain income tax and operating benefits which are not expected to recur. Consolidated sales were $215 million in the second quarter of 2011 as compared with $130 million in the second quarter of 2010. Excluding T-3, sales grew 38%. Each of Robbins & Myers' business platforms achieved strong year-over-year growth. The Company reported second quarter 2011 orders of $230 million, or $184 million excluding T-3, 18% higher than the comparable prior year period.