The company, once based in Beavercreek, has several hundred employees working in Springfield and Dayton. Today, Robbins & Myers is based in the Houston, Texas area.
Fourth quarter earnings were adjusted for $9 million in “unfavorable costs” linked not just to the company’s pending merger with National Oilwell Varco, but with settlement of the strike at the company’s Moyno division in Springfield, the company said. In July, United Auto Workers Local 902 ratified a contract with Moyno, ending the four-month-old strike. During the strike, Moyno threatened to either move production of pumps from Springfield or permanently replace workers with temporary workers.
Earnings were also affected by “the potential settlement of an export investigation matter,” the company said in a release.
Sales for the fourth fiscal quarter were put at $275 million, compared to $259 million for the same quarter last year.
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