Appendix - RBN Reconciliations
Robbins & Myers, Inc.
Reconciliation of Net Income to EBIT, Adjusted EBIT, and Adjusted EBITDA
Reconciliation of Diluted Earnings per Share to Diluted Earnings per Share excluding Special Items
Millions
PSG
Segment
Q4 2009
Q1 2010
Q2 2010
Q3 2010
Q4 2010
Q4 2010
2006
2007
2008
2009
2010
Net income
12,807
$
6,030
$
4,193
$
8,162
$
14,812
$
(19,587)
$
50,705
$
87,402
$
55,364
$
33,197
$
Interest expense
140
143
161
102
(211)
12,946
5,243
2,031
382
195
Income taxes
1,537
3,367
1,932
4,650
6,587
12,589
36,866
39,099
17,412
16,536
Minority interest
260
196
260
164
330
1,560
1,468
2,132
1,210
950
EBIT
14,744
9,736
6,546
13,078
21,518
(2,653)
7,508
94,282
130,664
74,368
50,878
Depreciation & amortization
4,082
4,194
4,031
3,906
3,499
18,578
16,624
16,249
16,226
15,630
EBITDA
18,826
13,930
10,577
16,984
25,017
26,086
110,906
146,913
90,594
66,508
Special items:
Property sale gain
-
-
-
-
-
-
(1,800)
(6,339)
(1,934)
-
-
Business disposition gain
-
-
-
-
-
-
(8,144)
-
(5,697)
-
-
Restructuring costs, bus. disposition loss
-
-
-
-
2,764
2,764
9,285
2,878
-
-
2,764
Goodwill impairment
-
-
-
-
-
-
39,174
-
-
-
-
Adjusted EBIT
14,744
$
9,736
$
6,546
$
13,078
$
24,282
$
111
$
46,023
$
90,821
$
123,033
$
74,368
$
53,642
$
Adjusted EBIT margin
9.5%
7.5%
5.0%
8.9%
13.6%
7.4%
13.1%
15.6%
11.6%
9.2%
Adjusted EBITDA
18,826
$
13,930
$
10,577
$
16,984
$
27,781
$
64,601
$
107,445
$
139,282
$
90,594
$
69,272
$
Diluted EPS
0.39
$
0.18
$
0.13
$
0.25
$
0.45
$
(0.66)
$
1.48
$
2.52
$
1.66
$
1.01
$
Per share effect of special items
-
-
-
-
0.08
1.29
(0.06)
(0.18)
-
0.08
Diluted EPS ex-special items
0.39
$
0.18
$
0.13
$
0.25
$
0.53
$
0.63
$
1.42
$
2.34
$
1.66
$
1.09
$
In these materials the Company refers various non-GAAP measures, including EBIT, EBITDA and Diluted EPS ex-special items. The Company uses these measures to evaluate its
performance and believes these measures are helpful to investors in assessing its performance. These measures are not alternatives to net income or diluted earnings per share and
are not measures of cash available to the Company.
Robbins & Myers and T-3 Energy Services Investor Presentation...October 6, 2010 29
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