Rexnord (RXN) Reports In-Line Q4 EPS, Q1 & FY16 Guidance Comes in Light
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Rexnord Corporation Reports Fourth Quarter and Full Fiscal Year 2015 Results
May 20, 2015 4:00 PM EDTConference call scheduled for Wednesday, May 20, 2015 at 5:00 p.m. Eastern Time
MILWAUKEE--(BUSINESS WIRE)-- Rexnord Corporation (NYSE: RXN):
Fourth Quarter Highlights
Net sales were $519 million Diluted earnings per share from continuing operations were $0.34 Adjusted earnings per share increased 8% year-over-year to $0.54 Completed Mill Products divestiture Launched internal initiatives planned to deliver approximately $30 million of annualized savings by FY18Fiscal 2015 Highlights
Net sales were $2.050 billion for fiscal year 2015... More