Robbins & Myers beats by $0.01, beats on revs; guides Q3 EPS in-line; raises FY08 EPS in-line

Briefing.com

Posted: 2008-03-26 17:27:35

Reports Q2 (Feb) earnings of $0.44 per share, excluding $0.03 in gains, $0.01 better than the First Call consensus of $0.43; revenues rose 13.8% year/year to $184.9 mln vs the $180.2 mln consensus. Co issues in-line guidance for Q3, sees EPS of $0.42-0.47 vs. $0.47 consensus. Co raises EPS guidance in-line for FY08, sees EPS of $1.82-1.92 vs. $1.92 consensus, up from prior $1.78-1.88. On March 31, 2008, the escrow period related to the Co's FY06 sale of certain product lines will conclude, as will certain contingency obligations, which could result in a one-time benefit to Q3 2008 earnings and cash flow. The Co's guidance excludes any potential impact from this matter.