Robbins & Myers 8-K Robbins & Myers Announces Third Quarter 2009 Results and Regular Quarterly Cash Dividend

Exhibit 99.1

Investor Relations
+1 (937) 458-6600

ROBBINS & MYERS ANNOUNCES THIRD QUARTER 2009 RESULTS
AND REGULAR QUARTERLY CASH DIVIDEND

Sharpening Focus on Cost Reduction

DAYTON, OHIO, June 25, 2009...Robbins & Myers, Inc. (NYSE: RBN)today reported diluted net earnings per share (DEPS) of $0.31 for its fiscal third quarter ended May 31, 2009, including approximately $0.05 of benefit from finalizing earlier tax positions. DEPS of $0.76 in the third quarter of 2008 included $0.14 of benefit from the expiration of certain contingency obligations related to the sale of two product lines in March 2006.

Robbins & Myers reported third quarter 2009 sales of $143 million, 29% lower than the comparable prior year results or 21% lower excluding the effects of currency translation. Orders of $119 million in the third quarter were 42% lower than the prior year comparable period. Excluding the impact from currency translation, orders decreased 35%.

Third quarter 2009 earnings before interest and income taxes (EBIT) were $12 million. Prior year third quarter EBIT of $40 million included a $6 million gain from the expiration of certain contingency obligations related to the sale of two product lines in March 2006. In the current year quarter, the Company generated $20 million of cash from operating activities as compared with $30 million in the prior year quarter.

“Robbins & Myers remains in solid financial shape during these extraordinary times,” said Peter C. Wallace, President and Chief Executive Officer of Robbins & Myers, Inc. “We continue to generate expected profit from lower sales, and we are building our cash position with positive cash flow from our operations. At the end of the third quarter we had $89 million in cash and only $31 million in debt, leaving us with a positive net cash position of $58 million.”

The Company announced that today its Board of Directors approved its regular cash dividend payment of $0.04 per share. The dividend is payable on August 7, 2009 to shareholders of record as of July 10, 2009.

Mr. Wallace commented, “We have responded to difficult market conditions by reducing employment 6% this fiscal year and reducing overtime to achieve a total reduction in full time equivalents of approximately 8%. In addition, we began to furlough employees in various European locations through government-supported programs. We have also reduced discretionary spending across the enterprise. We are expecting $15 million of annualized gross savings from these completed actions, and we anticipate that we will have recognized approximately $6 million, net of severance and related costs, by our fiscal year-end.”

“We are also reviewing and finalizing restructuring plans within each of our platform business units that are expected to permanently reduce fixed costs and increase longer-term profitability as markets begin to recover. We expect these efforts to begin before year-end. The initial focus will be to standardize some of our product offerings to allow greater utilization of lower cost manufacturing facilities, reduce our manufacturing footprint in specific markets, and leverage functional resources across the various platform businesses.”

The Company narrowed its fiscal 2009 DEPS forecast from $1.35-$1.65 to $1.41-$1.51 and forecasted fourth quarter DEPS of $0.14-$0.24.

Third Quarter Results by Segment

All comparisons are made against the comparable year-ago quarterly period unless otherwise stated.

Weakness in energy and industrial markets, including $4 million of order cancellations, caused the Company’sFluid Management segment orders to decline 49% to $45 million. Sales declined 29% to $59 million. EBIT fell 39% to $15 million on lower sales, and EBIT margins of 25.9% were 430 basis points lower.

The Company’sProcess Solutions segment reported orders of $47 million, 44% lower or 36% lower excluding currency translation effects, due to slower demand in chemical, pharmaceutical and industrial markets. Strong backlog at the beginning of the fiscal year dampened the market impact on sales, which were $60 million, 26% lower or 16% lower excluding currency translation effects. Lower sales led to a 60% reduction in EBIT, and EBIT margins decreased 580 basis points to 6.8%.

The Romaco segment reported a 20% order decline. Reported orders of $27 million were 2% lower excluding currency translation effects. Sales of $24 million were 33% lower or 24% lower excluding currency translation effects. Lower sales caused the segment to report an EBIT loss of $0.5 million as compared with $7.9 million of income in the prior year. The prior year comparable quarter included a $5.7 million gain from the expiration of certain contingency obligations related to the sale of two product lines in March 2006.

Conference Call to Be Held Tomorrow, June 26 at 10:00 AM (Eastern)

A conference call to discuss these results has been scheduled for 10:00 AM Eastern on Friday, June 26, 2009, which can be accessed at www.robn.com or by dialing 800-884-5695 (US/Canada) or +1-617-786-2960, using conference ID #14450826. Replays of the call can be accessed by dialing 888-286-8010 (U.S./Canada) or +1-617-801-6888, both using replay ID #83201733.

About Robbins & Myers

Robbins & Myers, Inc. is a leading supplier of engineered equipment and systems for critical applications in global energy, industrial, chemical and pharmaceutical markets.

In this release the Company refers to EBIT, a non-GAAP measure. The Company uses this measure to evaluate its performance and believes this measure is helpful to investors in assessing its performance. A reconciliation of this measure to net income is included in our Condensed Consolidated Income Statement.

In addition to historical information, this press release contains forward-looking statements identified by use of words such as “expects,” “anticipates,” “believes,” and similar expressions. These statements reflect management’s current expectations and involve known and unknown risks, uncertainties, contingencies and other factors that could cause actual results, performance or achievements to differ materially from those stated. The most significant of these risks and uncertainties are described in our Form 10-K and Form 10-Q reports filed with the Securities and Exchange Commission and include, but are not limited to: the cyclical nature of some of our markets; a significant decline in capital expenditures in our primary markets; a major decline in oil and natural gas prices; reduced demand due to the general worldwide economic downturn and general credit market crises; increases in competition; changes in the availability and cost of our raw materials; foreign exchange rate fluctuations; work stoppages related to union negotiations; customer order cancellations; business disruptions caused by the implementation of business computer systems; the possibility of product liability lawsuits that could harm our business; events or circumstances which result in an impairment of assets; the potential impact of U.S. and foreign legislation, government regulations, and other governmental action, including those relating to export and import of products and materials, and changes in the interpretation and application of such laws and regulations; the outcome of audit, compliance, administrative or investigatory reviews; and decline in the market value of our pension plans’ investment portfolios affecting our financial condition and results of operations. Except as otherwise required by law, we do not undertake any obligation to publicly update or revise these forward-looking statements to reflect events or circumstances after the date hereof.

ROBBINS & MYERS, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEET
     (Unaudited)

(in thousands)	May 31, 2009		August 31, 2008
ASSETS
Current Assets:
Cash and cash equivalents	$	88,546	$	123,405
Accounts receivable		115,887		153,648
Inventories		119,608		109,797
Other current assets		6,684		8,017
Deferred taxes		12,699		13,476
Total Current Assets		343,424		408,343
Goodwill & Other Intangible Assets		272,623		285,759
Deferred Taxes		22,070		21,969
Other Assets		10,583		10,931
Property, Plant & Equipment		135,348		137,715
	$	784,048	$	864,717
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current Liabilities:
Accounts payable	$	53,342	$	86,012
Accrued expenses		80,181		102,876
Current portion of long-term debt		30,252		3,192
Total Current Liabilities		163,775		192,080
Long-Term Debt — Less Current Portion		340		30,435
Deferred Taxes		45,095		44,628
Other Long-Term Liabilities		97,813		97,557
Shareholders’ Equity		477,025		500,017
	$	784,048	$	864,717

ROBBINS & MYERS, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED INCOME STATEMENT
     (Unaudited)

	Three Months Ended					Nine Months Ended
	May 31,		May 31,			May 31,		May 31,
(in thousands, except per share data)	2009		2008			2009		2008
Sales	$	143,375	$	200,946		$	485,171	$	559,414
Cost of sales		93,582		124,122			310,626		353,493
Gross profit		49,793		76,824			174,545		205,921
SG&A expenses		37,398		42,361			114,921		123,115
Other income		0		(5,697	)		0		(6,796	)
Income before interest and income taxes		12,395		40,160			59,624		89,602
Interest expense, net		99		257			242		1,763
Income before income taxes and minority interest		12,296		39,903			59,382		87,839
Income tax expense		1,628		12,749			15,875		29,287
Minority interest		382		659			950		1,782
Net income	$	10,286	$	26,495		$	42,557	$	56,770
Net Income Per Share:
Basic	$	0.31	$	0.77		$	1.28	$	1.65
Diluted	$	0.31	$	0.76		$	1.28	$	1.64
Weighted Average Common Shares Outstanding:
Basic		32,829		34,548			33,353		34,469
Diluted		32,845		34,650			33,365		34,582

ROBBINS & MYERS, INC. AND SUBSIDIARIES
CONDENSED BUSINESS SEGMENT INFORMATION
     (Unaudited)

	Three Months Ended						Nine Months Ended
	May 31,			May 31,			May 31,			May 31,
(in thousands)	2009			2008			2009			2008
Sales
Fluid Management	$	59,332		$	83,505		$	213,920		$	232,369
Process Solutions		59,583			80,782			194,923			226,583
Romaco		24,460			36,659			76,328			100,462
Total	$	143,375		$	200,946		$	485,171		$	559,414
Income (Loss) Before Interest and Income Taxes (EBIT)
Fluid Management	$	15,359		$	25,230		$	59,552		$	64,648
Process Solutions		4,040			10,184			15,576			25,614
Romaco		(464	)		7,906			(1,465	)		11,557
Corporate and Eliminations		(6,540	)		(3,160	)		(14,039	)		(12,217	)
Total	$	12,395		$	40,160		$	59,624		$	89,602
Depreciation and Amortization
Fluid Management	$	1,692		$	1,839		$	5,220		$	5,023
Process Solutions		1,705			1,803			5,081			5,158
Romaco		501			496			1,483			1,378
Corporate and Eliminations		98			154			360			503
Total	$	3,996		$	4,292		$	12,144		$	12,062
Orders
Fluid Management	$	44,623		$	86,901		$	184,881		$	243,905
Process Solutions		47,128			84,271			172,155			255,670
Romaco		27,333			34,115			75,177			115,623
Total	$	119,084		$	205,287		$	432,213		$	615,198
Backlog
Fluid Management	$	31,040		$	54,493		$	31,040		$	54,493
Process Solutions		89,423			141,678			89,423			141,678
Romaco		48,302			71,763			48,302			71,763
Total	$	168,765		$	267,934		$	168,765		$	267,934

ROBBINS & MYERS, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS
     (Unaudited)

	Three Months Ended						Nine Months Ended
	May 31,			May 31,			May 31,			May 31,
(in thousands)	2009			2008			2009			2008
Operating activities:
Net income	$	10,286		$	26,495		$	42,557		$	56,770
Depreciation and amortization		3,996			4,292			12,144			12,062
Other, net		5,878			(832	)		(29,616	)		(20,076	)
Cash provided by operating activities		20,160			29,955			25,085			48,756
Investing activities:
Capital expenditures, net of nominal disposals		(5,870	)		(4,028	)		(12,914	)		(12,783	)
Proceeds from sales of product lines/facilities		0			3,197			0			7,193
Acquisition of business, net of cash acquired		0			0			0			(5,061	)
Cash used by investing activities		(5,870	)		(831	)		(12,914	)		(10,651	)
Financing activities:
Payments of long-term debt, net		(840	)		(71,251	)		(3,035	)		(70,115	)
Share repurchases		0			0			(39,114	)		0
Other, net		(926	)		1,689			(2,683	)		3,232
Cash used by financing activities		(1,766	)		(69,562	)		(44,832	)		(66,883	)
Exchange rate impact on cash		3,897			1,408			(2,198	)		4,412
Increase (Decrease) in cash		16,421			(39,030	)		(34,859	)		(24,366	)
Cash at beginning of period		72,125			130,774			123,405			116,110
Cash at end of period	$	88,546		$	91,744		$	88,546		$	91,744