Robbins & Myers
The 10-second takeaway
For the quarter ended May 31 (Q3), Robbins & Myers met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded and GAAP earnings per share dropped significantly.
Gross margins grew, operating margins grew, and net margins dropped.
Revenue details
Robbins & Myers recorded revenue of $266.3 million. The 11 analysts polled by S&P Capital IQ expected revenue of $267.6 million on the same basis. GAAP reported sales were 12% higher than the prior-year quarter's $237.1 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS details
EPS came in at $0.92. The 11 earnings estimates compiled by S&P Capital IQ predicted $0.89 per share. GAAP EPS of $1.02 for Q3 were 34% lower than the prior-year quarter's $1.54 per share. (The prior-year quarter included $1.13 per share in earnings from discontinued operations.)
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
Margin details
For the quarter, gross margin was 38.9%, 30 basis points better than the prior-year quarter. Operating margin was 23.2%, 340 basis points better than the prior-year quarter. Net margin was 16.6%, 1,330 basis points worse than the prior-year quarter.
Looking ahead
Next quarter's average estimate for revenue is $285.5 million. On the bottom line, the average EPS estimate is $1.04.
Next year's average estimate for revenue is $1.05 billion. The average EPS estimate is $3.53.
Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 193 members out of 203 rating the stock outperform, and 10 members rating it underperform. Among 48 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 46 give Robbins & Myers a green thumbs-up, and two give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Robbins & Myers is outperform, with an average price target of $62.18.
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