Rexnord (RXN) Tops Q1 EPS by 2c
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Rexnord Corporation First Quarter Fiscal 2016 Results
August 4, 2015 5:08 PM EDTCall scheduled for Wednesday, August 5, 2015 at 8:00 a.m. Eastern Time
MILWAUKEE--(BUSINESS WIRE)-- Rexnord Corporation (NYSE: RXN):
First Quarter Highlights
Net sales were $485 million. Net sales decreased 4% year over year (-1% core sales, 2% acquisitions, -5% foreign currency) Diluted earnings per share from continuing operations was $0.20 compared to $0.11 in the prior year Adjusted earnings per share was $0.30 Adjusted EBITDA was $85 million or 18% of net sales Launched supply chain optimization and footprint repositioning initiatives... More