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ROBBINS & MYERS CONTINUES THIRD QUARTER EARNINGS PERFORMANCE AT LEVEL OF FIRST TWO QUARTERS

 ROBBINS & MYERS CONTINUES THIRD QUARTER EARNINGS
 PERFORMANCE AT LEVEL OF FIRST TWO QUARTERS
 DAYTON, Ohio, June 16 /PRNewswire/ -- Robbins & Myers, Inc. (NASDAQ: ROBN) today reported third quarter revenues and net income comparable to first and second quarters of fiscal 1992, but lower than the same period last year.
 Net income from continuing operations for the quarter ended May 31, 1992 was $2 million, down from the near record $2.8 million of a year ago. Net income for the nine month period was $6 million versus $6.8 million for the same period in 1991.
 According to Daniel W. Duval, president and chief executive officer, "Earnings were affected by two significant events: an increase in our effective tax rate to 25 percent from a previous year level of 11 percent and reduced sales to the oil and gas field sector due to weak energy prices. Last year's exceptional oil and gas field sales, driven in part by the Persian Gulf crisis, contributed to a particularly strong third quarter, thus making the comparison to FY 1991 seem dramatic."
 Sales for the quarter were down nine percent to $19.6 million from $21.6 million in third quarter 1991. For the nine months ending May 31, sales of $57.6 million were two percent below the 1991 sales level of $58.6 million.
 Earnings per share from continuing operations were $.38 for the quarter and $1.15 year-to-date, down from $.56 and $1.36 for the 1991 fiscal year third quarter and year-to-date.
 Commenting further, Duval said, "We have not seen a sustained orders increase in our industrial markets to offset the decrease in sales in the energy sector. However, on a positive note, sales in the municipal waste water treatment sector have remained strong and should continue to grow in the near future."
 Duval also stated, "Our biggest concern remains the rate of recovery from the recession. With backlogs at current levels and without an upturn in capital spending, we could see sales for the fourth quarter somewhat below our recent run rate. Emphasis will continue on strengthening our bookings."
 Robbins & Myers, Inc. is an international manufacturer and marketer of high value, superior quality fluid management products and systems for the process industries including waste water, chemical, food, pharmaceutical, pulp and paper, and energy recovery. Headquartered in Dayton, Ohio, Robbins & Myers has facilities in the United States, Canada, Europe and Singapore.
 The company's shares are traded on the NASDAQ/NMS under the symbol ROBN.
 ROBBINS & MYERS, INC.
 THIRD QUARTER
 COMPARATIVE FINANCIAL HIGHLIGHTS
 Three Months Ended
 MAY 31 MAY 31
 1992 1991
 From continuing operations:
 Net sales $19,693,000 $21,568,000
 Income before income taxes 2,566,000 2,983,000
 Income taxes 554,000 162,000
 Net income from continuing operations 2,012,000 2,821,000
 From discontinued operations:
 (Loss) from operations - net of
 income taxes 0 (92,000)
 Loss on disposal - net of
 income taxes 0 0
 Loss from discontinued operations 0 (92,000)
 Net income $2,012,000 2,729,000
 Primary and fully diluted earnings
 per share
 Income from continuing operations $0.38 $0.56
 Loss from discontinued operations $0.00 ($0.02)
 Total $0.38 $0.54
 Average common shares outstanding,
 including dilutive shares
 if material 5,242,000 5,012,000
 Unfilled orders $11,529,000 $22,365,000
 Nine Months Ended
 MAY 31 MAY 31
 From continuing operations: 1992 1991
 Net sales $57,556,000 $58,620,000
 Income before income taxes 7,884,000 7,758,000
 Income taxes 1,849,000 945,000
 Net income from continuing operations 6,035,000 6,813,000
 From discontinued operations:
 (Loss) from operations - net of
 income taxes 0 (894,000)
 Loss on disposal - net of
 income taxes 0 (375,000)
 Loss from discontinued operations 0 (1,269,000)
 Net income $6,035,000 5,544,000
 Primary and fully diluted earnings
 per share
 Income from continuing operations $1.15 $1.36
 Loss from discontinued operations $0.00 ($0.25)
 Total $1.15 $1.11
 Average common shares outstanding,
 including dilutive shares
 if material 5,244,000 5,012,000
 Unfilled orders $11,529,000 $22,365,000
 -0- 6/16/92
 /CONTACT: Hugh E. Becker, director of corporate relations for Robbins & Myers, Inc., 513-225-3335/
 (ROBN) CO: Robbins & Myers, Inc. ST: Ohio IN: MAC SU: ERN


LC -- CL006 -- 0565 06/16/92 10:13 EDT
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Date:Jun 16, 1992
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