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Y! MyWebRobbins & Myers reports record year
Friday, October 10, 2008
BEAVERCREEK — Industrial equipment producer Robbins & Myers celebrated what it called a record year, reporting net income of $30.6 million for the three months that ended Aug. 31, 2008, up from $18.9 million reported for the same quarter in 2007, and $87.4 million for the fiscal year ending Aug. 31, 2008, up from $50.7 million reported in the same period last year.
For the most recent quarter, net income per share reached 88 cents, as compared to 55 cents in net income per share in the same quarter in 2007. For the most recent fiscal year, Robbins & Myers saw net income per share of $2.53, more than a dollar above the $1.49 earned in the same measure last year.
"I am pleased to report a strong finish to fiscal 2008," Peter Wallace, Robbins & Myers president and chief executive, said in a statement released after the market closed Thursday Oct. 9. "We again achieved year-over-year sales and order growth, reflecting market strength and our successful customer and market-based initiatives."
Fiscal fourth quarter 2008 sales jumped 10 percent over the previous year's fourth quarter, hitting $228 million, the company said. Orders increased five percent to $198 million, it reported.
The company's shares (NYSE: RBN) closed down Thursday $1.39, ending the day at $21.44.
Based at The Greene, Robbins & Myers has about 400 employees in Dayton and Springfield.
