- Email: [email protected]
Robbins & Myers Inc, USA
Pump Industry Analyst
June 1997
United Dom inion Industries Ltd, USA
Robbins & Myers Inc, USA KEY FIGURES (US$ million) Third quarter ended 31.5
’
1997
1996
Income before Income Taxes
I
11.8 1 7.9
Net Income
US$O.69
Income per Primary Share /
Unfilled Orders
Nine Months
Sales
420.3
g.l II
Cost of Sales
317.8
5.7
Operating Income
22.7
Net Income
11.2
US$O.52
113.0 I
114.0 11
ended 31.5 /
Net Sales
1997
1
284.6
1996
30.9
22.5
Net Income
20.7
14.2
US$l.84
US$l.29
/
Unfilled Orders
113.0 1
11
Earnings per Common Share Average Common Shares Outstanding (thousands)
Backlog
255.3
Income before Income Taxes
Income per Primary Share
114.0 jl
I L
(US$ million)
Industrial Products
24.1
--! 42361
269
Building Products
c
Total ’ Except per share data.
Rohbins & Myers Inc announced strong gains in sales and earnings for the third quarter ended 3 I May 1997. Sales for the quarter were US$97.6 million, a 9 per cent increase over US$89.9 million reported for the same quarter of fiscal 1996. Net income of US$7.9 million was up 39 per cent from US$5.7 million posted for the third quarter last year. Nine months sales increased 12 per cent to US$284.6 with million compared US$255.3 million reported for the first nine months of fiscal year 1996. Net income of US$20.7 million was up
United Dominion Industries Ltd reported first quarter net income of US$l 1.2 million, or 25 cents ashare, compared with US$lO.E million, or 26 cents a share, in the first quarter of 1996. Sales in the quarter under review declined marginally to US$420 million compared with US$422 million in the first quarter of 1996. William R Holland, chairman and chief executive officer, said the company’s latest results reflected normal seasonal factors as well as operating problems at three units. Marley Pump and Waukesha Cherry-Burrell reported soft results, primarily due to volume and operating issues. Holland added that United Dominion expects Marley Pump and Waukesha Cherry-Burrell to achieve
per cent, over the US$l4.2 million reported for the same period last fiscal year. Daniel W Duval, president and chief executive officer of Robbins & Myers Inc, said ‘Contributing to these good results was a solid performance by all of our business units. The significant increase in earnings for the quarter was driven by favourable sales mix and conimprovement in tinuing operations. Historically the third quarter is the strongest due to the additional number of shipping days available.’ n
US$O.25 45240
’ Except per share data.
46
7
1997
89.9
97.6
Net Sales
l/
KEY FIGURES (US$ million) First quarter ended 31.3
improvements for the balance of the year and, with United Dominion’s backlog currently nine per cent higher than a year ago, strong results in the months ahead are anticipated. During the quarter, United Dominion announced agreements in principle to sell two of its building products units; Windsor Door and its 50 per cent interest in CENTRIA. Terms of the proposed divestitures were not disclosed. Holland noted that United Dominion would continue to evaluate its mix of businesses and said it will aggressively continue to seek opportunities to acquire industrial manufacturing companies, reducing the company’s involvement in cyclical building and construction markets. n
11
June 1997
United Dom inion Industries Ltd, USA
Robbins & Myers Inc, USA KEY FIGURES (US$ million) Third quarter ended 31.5
’
1997
1996
Income before Income Taxes
I
11.8 1 7.9
Net Income
US$O.69
Income per Primary Share /
Unfilled Orders
Nine Months
Sales
420.3
g.l II
Cost of Sales
317.8
5.7
Operating Income
22.7
Net Income
11.2
US$O.52
113.0 I
114.0 11
ended 31.5 /
Net Sales
1997
1
284.6
1996
30.9
22.5
Net Income
20.7
14.2
US$l.84
US$l.29
/
Unfilled Orders
113.0 1
11
Earnings per Common Share Average Common Shares Outstanding (thousands)
Backlog
255.3
Income before Income Taxes
Income per Primary Share
114.0 jl
I L
(US$ million)
Industrial Products
24.1
--! 42361
269
Building Products
c
Total ’ Except per share data.
Rohbins & Myers Inc announced strong gains in sales and earnings for the third quarter ended 3 I May 1997. Sales for the quarter were US$97.6 million, a 9 per cent increase over US$89.9 million reported for the same quarter of fiscal 1996. Net income of US$7.9 million was up 39 per cent from US$5.7 million posted for the third quarter last year. Nine months sales increased 12 per cent to US$284.6 with million compared US$255.3 million reported for the first nine months of fiscal year 1996. Net income of US$20.7 million was up
United Dominion Industries Ltd reported first quarter net income of US$l 1.2 million, or 25 cents ashare, compared with US$lO.E million, or 26 cents a share, in the first quarter of 1996. Sales in the quarter under review declined marginally to US$420 million compared with US$422 million in the first quarter of 1996. William R Holland, chairman and chief executive officer, said the company’s latest results reflected normal seasonal factors as well as operating problems at three units. Marley Pump and Waukesha Cherry-Burrell reported soft results, primarily due to volume and operating issues. Holland added that United Dominion expects Marley Pump and Waukesha Cherry-Burrell to achieve
per cent, over the US$l4.2 million reported for the same period last fiscal year. Daniel W Duval, president and chief executive officer of Robbins & Myers Inc, said ‘Contributing to these good results was a solid performance by all of our business units. The significant increase in earnings for the quarter was driven by favourable sales mix and conimprovement in tinuing operations. Historically the third quarter is the strongest due to the additional number of shipping days available.’ n
US$O.25 45240
’ Except per share data.
46
7
1997
89.9
97.6
Net Sales
l/
KEY FIGURES (US$ million) First quarter ended 31.3
improvements for the balance of the year and, with United Dominion’s backlog currently nine per cent higher than a year ago, strong results in the months ahead are anticipated. During the quarter, United Dominion announced agreements in principle to sell two of its building products units; Windsor Door and its 50 per cent interest in CENTRIA. Terms of the proposed divestitures were not disclosed. Holland noted that United Dominion would continue to evaluate its mix of businesses and said it will aggressively continue to seek opportunities to acquire industrial manufacturing companies, reducing the company’s involvement in cyclical building and construction markets. n
11