Robbins & Myers to Continue Job Cuts Into Third Quarter as Profit Falls on Dwindling Orders, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - March 27, 2009) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Robbins & Myers Incorporated (NYSE:RBN) (Dayton, Ohio), a manufacturer of engineered equipment for the energy, industrial, chemical and pharmaceutical markets, has posted a second-quarter 2009 net income of $15.06 million, down 7.8% compared with $16.34 million in the same period a year ago. The decline is attributed to a drop in sales, which fell 11.4% to $163.83 million, as orders fell and cancellations rose, the company said. "The market declines experienced during our first quarter continued into the second quarter," President and CEO Peter Wallace said.

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