Robbins & Myers (RBN): Equipment and systems for a broad range of industrial concerns
Posted by: in Stocks Money NewsFiled under: Earnings reports, Technical Analysis, Stocks to Buy
Whether it’s providing downhole drilling equipment, upgrading your industrial mixers, or seeing to the efficiency of your cosmetics production chain, there is a firm in Dayton, Ohio that’s got you covered.
Robbins & Myers, Inc. (NYSE: RBN) provides equipment used for the industrial processing and management of fluids. Its Fluid Management segment offers hydraulic drilling equipment, slurry grinders, and wellhead systems used by oil and gas, specialty chemical and wastewater treatment firms. The Process Solutions unit makes glass-lined reactors, storage vessels, and mixing/agitation devices for the pharmaceutical and fine chemical markets. The Romaco segment provides equipment for the dosing, filling and sealing of vials, capsules, tubes, and bottles.
Investors were pleased earlier in the week, when the firm reported fiscal Q4 earnings per share (EPS) of $1.05 and revenues of $207 million. The Street had been looking for 84 cents and $199.6 million. Management also guided Q1 EPS to 54-64 cents (63 cent consensus) and Fiscal Year 2008 EPS to $3.30-$3.50 ($3.12 consensus). The CEO said that healthy end-markets were driving sales growth and that a successful restructuring program significantly improved operating margins.
Permalink | Email this | Comments











Entries (RSS)