Robbins & Myers 8-K Robbins & Myers Announces First Quarter 2010 Results

Exhibit 99.1

Investor Relations
+1 (937) 458-6600

ROBBINS & MYERS ANNOUNCES FIRST QUARTER 2010 RESULTS

Higher Backlog from Sequential Order Growth; Strong Cash Flow Execution;
Full Year Earnings Guidance Maintained

DAYTON, OHIO, January 6, 2010...Robbins & Myers, Inc. (NYSE: RBN)today reported diluted net earnings per share (DEPS) of $0.18 for its fiscal first quarter ended November 30, 2009, including approximately $0.02 from one-time benefits. In the prior year first quarter, the Company reported DEPS of $0.50.

The Company reported $137 million of customer orders in the fiscal first quarter, $15 million sequentially higher than the fourth quarter of 2009 and $48 million lower than the first quarter of 2009. Backlog grew $12 million in the first quarter to $147 million. First quarter sales of $129 million trailed the comparable prior year period by $49 million.

“Order levels improved sequentially in two of our platform businesses, contributing to higher backlog for the enterprise,” said Peter C. Wallace, President and Chief Executive Officer of Robbins & Myers, Inc. “We are encouraged by these and other signals of an improving global economy but continue to operate in an environment of reduced customer demand and, in some cases, pricing pressures. As a result, our businesses remain focused on initiatives to improve profitability, including restructuring programs and cost controls.”

Robbins & Myers generated $11 million of cash from operating activities in the first quarter of 2010, including working capital contributions, as compared with a small use of cash in the prior year same quarter. The Company expanded its cash balances to $119 million at the end of the first quarter and reported $32 million of debt.

First quarter 2010 earnings before interest and taxes (EBIT) were $10 million, which was lower than first quarter 2009 EBIT of $26 million due to reduced sales resulting from the global economic downturn. Current year EBIT includes $2.5 million of benefits from foreign exchange gains and an insurance recovery, reduced by $1.5 million of corporate costs incurred in conjunction with strategic and legal matters concluded in the first quarter.

Mr. Wallace commented, “As expected, fiscal 2010 is starting slowly as a result of recent customer order and backlog levels. We expect current customer demand conditions to persist into our fiscal second quarter, which will also include our typical, seasonal facility shutdowns. For the full year, our financial performance depends in large part on the pace and scope of the economic recovery, especially in the second half.” The Company expects full year 2010 DEPS of $0.80-$1.00 and second quarter DEPS of $0.05-$0.15, excluding the cost of restructuring actions.

First Quarter Results by Segment

The Company previously announced a realignment of its businesses that included moving its Chemineer US and Asian operations from the Process Solutions Group to the Fluid Management Group. All results included in this press release have been adjusted to reflect the new operating and reporting structure. A recasting of quarterly segment results for fiscal 2007 through 2009 can be viewed in the “Investor Relations” section of the Company’s website, www.robn.com.

The Company’sFluid Management segment orders of $68 million represent a 32% decline from the prior year first quarter but are $10 million sequentially higher than the fourth quarter of fiscal 2009. Sales of $68 million are 32% lower than the comparable prior year period, and EBIT fell 41% to $17 million. First quarter EBIT includes $2 million of benefit from foreign exchange gains and an insurance recovery.

TheProcess Solutions segment reported orders of $42 million, 27% lower than the prior year first quarter but $6 million sequentially higher than the fourth quarter of fiscal 2009. Sales of $44 million were 19% lower than the comparable prior year period. The segment incurred an EBIT loss of $2 million in the first quarter of 2010 as a result of lower sales and competitive project pricing; in the first quarter of 2009, the segment had EBIT income of $3 million.

TheRomaco segment reported orders of $27 million, 2% higher than the comparable prior year quarter but $1 million sequentially lower than the fourth quarter of fiscal 2009. Sales in the quarter were $18 million, 24% less than the first quarter of 2009. Romaco incurred an EBIT loss of $1 million in the first quarter of 2010, similar to performance in the prior year first quarter.

Conference Call to Be Held Today, January 6 at 2:30 PM (Eastern)

A conference call to discuss these results has been scheduled for 2:30 PM Eastern on Wednesday, January 6, 2010, which can be accessed at www.robn.com or by dialing 1-866-700-0161 (US/Canada) or +1-617-213-8832, using conference ID #86054479. Replays of the call can be accessed by dialing 1-888-286-8010 (U.S./Canada) or +1-617-801-6888, both using replay ID #85472549.

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. EBIT is not a measure of cash available for use by the Company.

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; our ability to realize the benefits of our restructuring programs; 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; 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; proposed changes in U.S. tax law which could impact our future tax expense and cash flow; 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)	November 30, 2009		August 31, 2009
ASSETS
Current Assets:
Cash and cash equivalents	$	119,110	$	108,169
Accounts receivable		111,642		114,191
Inventories		109,259		105,772
Other current assets		10,139		11,573
Deferred taxes		11,411		12,519
Total Current Assets		361,561		352,224
Goodwill & Other Intangible Assets		279,683		273,476
Deferred Taxes		26,827		26,477
Other Assets		8,652		9,490
Property, Plant & Equipment		136,314		135,187
	$	813,037	$	796,854
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current Liabilities:
Accounts payable	$	46,644	$	55,918
Accrued expenses		73,199		68,059
Current portion of long-term debt		31,666		30,194
Total Current Liabilities		151,509		154,171
Long - - Term Debt - Less Current Portion		277		265
Deferred Taxes		44,410		44,194
Other Long - Term Liabilities		118,472		115,113
Shareholders’ Equity		498,369		483,111
	$	813,037	$	796,854

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

	Three Months Ended
	November 30,		November 30,
(in thousands, except per share data)	2009		2008
Sales	$	129,413	$	177,971
Cost of sales		86,379		109,995
Gross profit		43,034		67,976
SG&A expenses		33,298		41,582
Income before interest and income taxes		9,736		26,394
Interest expense, net		143		53
Income before income taxes		9,593		26,341
Income tax expense		3,367		8,957
Net income including noncontrolling interest		6,226		17,384
Less: Net income attributable to noncontrolling interest		196		176
Net income attributable to Robbins & Myers, Inc. shareholders	$	6,030	$	17,208
Net income per Robbins & Myers, Inc. share:
Basic	$	0.18	$	0.50
Diluted	$	0.18	$	0.50
Weighted average Robbins & Myers, Inc. common shares outstanding:
Basic		32,872		34,429
Diluted		32,911		34,465

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

	Three Months Ended
	November 30,			November 30,
(in thousands)	2009			2008
Customer Sales
Fluid Management	$	68,188		$	100,530
Process Solutions		43,533			54,024
Romaco		17,692			23,417
Total	$	129,413		$	177,971
Income Before Interest and Income Taxes (EBIT)
Fluid Management	$	16,734		$	28,224
Process Solutions		(1,651	)		3,285
Romaco		(758	)		(1,443	)
Corporate and Eliminations		(4,589	)		(3,672	)
Total	$	9,736		$	26,394
Depreciation and Amortization
Fluid Management	$	2,047		$	2,063
Process Solutions		1,483			1,418
Romaco		578			482
Corporate and Eliminations		86			130
Total	$	4,194		$	4,093
Orders
Fluid Management	$	68,107		$	100,330
Process Solutions		41,914			57,778
Romaco		27,134			26,725
Total	$	137,155		$	184,833
Backlog
Fluid Management	$	35,162		$	87,722
Process Solutions		60,295			88,201
Romaco		51,410			47,676
Total	$	146,867		$	223,599

Note: EBIT is 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. EBIT is not a measure of cash available for use by the Company.

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

	Three Months Ended
	November 30,			November 30,
(in thousands)	2009			2008
Operating activities:
Net income including noncontrolling interest	$	6,226		$	17,384
Depreciation and amortization		4,194			4,093
Other, net		870			(21,775	)
Cash provided (used) by operating activities		11,290			(298	)
Investing activities:
Capital expenditures, net of nominal disposals		(2,182	)		(3,377	)
Cash used by investing activities		(2,182	)		(3,377	)
Financing activities:
Proceeds (payments) of long-term debt, net		1,286			(982	)
Share repurchases		—			(39,114	)
Other, net		(1,203	)		(731	)
Cash provided (used) by financing activities		83			(40,827	)
Exchange rate impact on cash		1,750			(4,566	)
Increase (decrease) in cash		10,941			(49,068	)
Cash at beginning of period		108,169			123,405
Cash at end of period	$	119,110		$	74,337