Rexnord (RXN) Tops Q3 EPS by 2c; Guides Q4 EPS
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Rexnord Reports Q3 FY2016 Financial Results
February 2, 2016 4:01 PM ESTCall scheduled for Wednesday, February 3, 2016 at 8:00 a.m. Eastern Time
MILWAUKEE--(BUSINESS WIRE)-- Rexnord Corporation (NYSE: RXN)
Third Quarter Highlights
Net sales were $460 million. Net sales decreased 7% year over year (-4% core sales, +1% acquisitions, -4% foreign currency) Diluted earnings per share from continuing operations was $0.24 compared with $0.06 in the prior year Adjusted earnings per share was $0.38 compared with $0.38 in the prior year Adjusted EBITDA was $87 million or 19% of net sales... More