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ROBBINS & MYERS EARNINGS UP DESPITE SOFT MARKETS

 DAYTON, Ohio, June 23 /PRNewswire/ -- Robbins & Myers, Inc. (NASDAQ/NMS: ROBN) reported today that sales for the third quarter ended May 31, were $22.7 million, an increase of 15 percent over fiscal 1992's third quarter sales of $19.7 million, due primarily to continuing strength in the oil and gas recovery sector.
 Net income for the quarter was $2.2 million, compared to last year's third quarter net income of $2.0 million. Profitability was impacted by a shift in sales mix and an increase in the income tax rate.
 Earnings per share were $.41, up 7.9 percent in the recent third quarter, compared to fiscal 1992's third quarter EPS of $.38.
 Sales for this fiscal year's nine month period were $64.2 million compared to $57.6 million, an 11.5 percent increase. Net income was up 7.6 percent to $6.5 million from last year's $6 million. Earnings per share increased to $1.24 from $1.15.
 "Strength for the quarter was driven by our strong niche position in the oil and gas recovery market," said Daniel W. Duval, president and chief executive officer. "Order rates in our industrial business remain steady, but not growing. In addition, we have seen a pause in the municipal wastewater business due to delays in the availability of public funding as this shifts from the federal government to the state and municipal level."
 The outlook for the balance of the fiscal year remains cautious Duval added, due to uncertain domestic and international economies. Internationally, Robbins & Myers continues to feel the effects of the recession in Europe. Even with this continued weakness, the company has shown improved performance in each quarter this year over last year.
 The company also announced its board of directors approved payment of $.0625 per share dividend payable July 30, 1993 to shareholders of record July 9, 1993.
 Robbins & Myers, Inc. is an international manufacturer and marketer of high value, superior quality fluid management products and systems for the process industries including wastewater treatment, chemical, food, pharmaceutical, pulp and paper, mining, 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
 1993 1992
 NET SALES $22,706,000 $19,693,000
 INCOME BEFORE INCOME TAXES 2,872,000 2,566,000
 INCOME TAXES 699,000 554,000
 NET INCOME $ 2,173,000 $ 2,012,000
 PRIMARY AND FULLY DILUTED EARNINGS
 PER SHARE $ 0.41 $ 0.38
 Average Common Shares Outstanding,
 including dilutive shares 5,259,000 5,242,000
 Unfilled Orders $17,383,000 $11,529,000
 Nine Months Ended
 May 31 May 31
 1993 1992
 NET SALES $64,172,000 $57,556,000
 INCOME BEFORE INCOME TAXES 8,514,000 7,884,000
 INCOME TAXES 2,020,000 1,849,000
 NET INCOME $ 6,494,000 $ 6,035,000
 PRIMARY AND FULLY DILUTED EARNINGS
 PER SHARE $ 1.24 $ 1.15
 Average Common Shares Outstanding,
 including dilutive shares 5,246,000 5,244,000
 Unfilled Orders $17,383,000 $11,529,000
 -0- 6/23/93
 /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

BM -- CL015 -- 5000 06/23/93 12:19 EDT
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Date:Jun 23, 1993
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