Wedbush Downgrades Rexnord (RXN) to Neutral

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Go back to Wedbush Downgrades Rexnord (RXN) to Neutral

Rexnord Corporation Reports Fourth Quarter and Full Fiscal Year 2015 Results

May 20, 2015 4:00 PM EDT

Conference 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 FY18

Fiscal 2015 Highlights

Net sales were $2.050 billion for fiscal year 2015... More