Rexnord (RXN) Tops Q1 EPS by 5c, Slightly Raises Outlook

Rexnord (NYSE: RXN) reported Q1 EPS of $0.41, $0.05 better than the analyst estimate of $0.36.

Guidance:

"[President and CEO Todd] Adams continued, 'We are slightly increasing our outlook for our fiscal 2019. Our revised outlook includes net income from continuing operations to be in a range of $132 million to $143 million, our Adjusted EBITDA(1) to be in a range of $425 million to $440 million, and our free cash flow to exceed net income. We believe our upgraded outlook prudently balances the momentum we’ve seen in our first quarter with the realities of nine months to go in our fiscal year.'"

For earnings history and earnings-related data on Rexnord (RXN) click here.

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