Rexnord (RXN) Tops Q4 EPS by 3c, Offers Outlook

Rexnord (NYSE: RXN) reported Q4 EPS of $0.42, $0.03 better than the analyst estimate of $0.39. Revenue for the quarter came in at $575 million versus the consensus estimate of $551.94 million.

Fiscal 2019 Outlook

Adams continued, “Our initial outlook for fiscal 2019 is based on our assumption of mid-single-digit core growth for the full year. We expect to fully offset materials cost inflation while we deliver incremental savings from our structural cost reduction programs and solid operating leverage on our sales growth, partially offset by investments to accelerate our innovation and growth. We expect our GAAP net income(2) to be in a range of $129 million to $143 million, our Adjusted EBITDA(1) to be in a range of $420 million to $440 million, and our free cash flow(1) to exceed net income. Please note that our fiscal 2019 outlook excludes VAG as we anticipate reporting VAG within Discontinued Operations beginning with our first quarter of fiscal 2019.

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

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