Robbins & Myers Inc. (RBN) Tops Q2 EPS Views; Increases FY11 EPS Outlook; To Sell Romaco in $92M Deal

Robbins & Myers Inc. (NYSE: RBN) reported Q2 EPS of $0.62, $0.14 better than the analyst estimate of $0.48. Revenue for the quarter came in at $215 million versus the consensus estimate of $199.15 million.

Increases FY11 EPS outlook from $1.85 - $2.05 to $1.95-$2.15, versus the consensus of $2.12.

Sees Q3 2011 EPS of $0.45 - $0.55, versus the consensus of $0.58.

Robbins & Myers also reported it has entered into an agreement to sell its Romaco businesses to a group of funds led by Deutsche Beteiligungs AG (DBAG), a Frankfurt, Germany-based private equity investment firm. Total consideration of euro 65 million (approximately $92 million) includes euro 61 million of cash and euro 4 million of assumed liabilities and is subject to post-closing adjustments.

Closing is expected in Q311.

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