The Romaco segment reported sales growth of 20% with sales of $37 million in the third quarter, and orders were up 3% to $34 million. Excluding the impact from currency exchange rates, sales increased 3% and orders declined 15%, following 26% year-over-year organic order growth in the second quarter. Excluding the $6 million benefit from the March 2006 product line sales, Romaco adjusted EBIT margins improved 80 basis points to 6.0% as a result of increased sales.
Conference Call to Be Held Today at 11:00 AM (EDT)
A conference call to discuss these results has been scheduled for 11:00 a.m. EDT Monday, June 30, 2008, which can be accessed at http://www.robn.com or by dialing 888-286-8010 (US/Canada) or +1-617-801-6888, using conference ID # 63192398. Replays of the call can be accessed by dialing 888-286-8010 (U.S./Canada) or +1-617-801-6888, both using replay ID # 63192398.
About Robbins & Myers
Robbins & Myers, Inc. is a leading supplier of engineered equipment and systems for critical applications in global energy, industrial, chemical and pharmaceutical markets.
In this release the Company refers to various non-GAAP measures, including EBIT, Adjusted EBIT, EBITDA (earnings before interest, taxes, depreciation and amortization) and Adjusted EBITDA. The Company uses these measures to evaluate its performance and believes these measures are helpful to investors in assessing its performance. Reconciliations of these measures to comparable GAAP measures are provided further below in this release.
|SOURCE Robbins & Myers, Inc.|
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