Rexnord (RXN) Tops Q1 EPS by 5c
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Rexnord Reports Q1 FY2017 Financial Results
August 1, 2016 4:31 PM EDTCall scheduled for Tuesday, August 2, 2016 at 8:00 a.m. Eastern Time
MILWAUKEE--(BUSINESS WIRE)-- Rexnord Corporation (NYSE: RXN):
First Quarter Highlights
Net sales were $472 million and down 3% year over year. Core sales(1) declined 1%, excluding the 2% impact of the RHF product line exit, while acquisitions contributed 1% and foreign currency translation subtracted 1%. GAAP diluted earnings per share from continuing operations was $0.18 compared with $0.20 in the prior year. Adjusted earnings per share(1) was $0.35, compared with $0.32 in the prior year. Adjusted... More