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Article: Robbins & Myers Inc. announces fourth quarter, annual results.
- Article from:
- PR Newswire
- Article date:
- October 8, 1987
CopyrightCOPYRIGHT 1987 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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ROBBINS & MYERS INC. ANNOUNCES FOURTH QUARTER, ANNUAL RESULTS
DAYTON, Ohio, Oct. 8 /PRNewswire/ -- Robbins & Myers Inc. (OTC: ROBN) continued its improved performance, posting a profitable fourth quarter and net income of $226,000, or 9 cents per share, for the fiscal year ended Aug. 31, 1987, prior to recognizing a one-time $3.7 million restructure charge during the quarter.
This charge resulted in a net loss of $3,474,000, or $1.46 per share, for fiscal 1987, compared to a net loss of $8,804,000, or $3.70 per share, for fiscal 1986.
Due to excessive production capacity, Robbins & Myers is phasing out operations at the company's Amery, ...