Robbins & Myers (RBN) Reports Mixed Results for Q4; Issues Guides for Q1 and FY09
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Robbins & Myers, Inc. (NYSE: RBN) reported Q4 EPS of $0.88 (0.74 ex-items) vs. consensus of $0.70.
Fiscal fourth quarter 2008 sales increased 10% over the prior year fourth quarter to $228 million, and orders increased 5% to $198 million. (Consensus is $229.97 million)
Robbins & Myers announced its expectations for fiscal 2009 DEPS of $2.40-$2.55, which represents an 11-18% increase over fiscal 2008 adjusted DEPS of $2.17 (excluding NOL benefits and asset sale gains). (consensus is $2.52)
The Company also expects fiscal first quarter 2009 DEPS of $0.45-$0.50, as compared with actual results of $0.40 in the first quarter of fiscal 2008. (consensus is $0.51)
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