SOURCE: Industrial Info Resources

October 14, 2008 07:30 ET

Robbins & Myers Reports Record 2008 Profit of Nearly $90 Million and Overall Increase in Order Backlog, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - October 14, 2008) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Robbins & Myers Incorporated (NYSE:RBN) (Dayton, Ohio), a supplier of industrial equipment and systems, announced on October 9 that it has ended its fiscal fourth quarter 2008 strong, setting a record year. "We again achieved year-over-year sales and order growth, reflecting market strength and our successful customer and market-based initiatives," President and CEO Peter Wallace stated in the earnings statement. "With our improved cost structure, we leveraged our sales growth into even higher earnings growth." The company reported a fourth-quarter profit of $30.6 million and a full-year profit of almost $90 million, or 38% higher than last year.

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