Rexnord (RXN) Reports In-Line Q2 EPS
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Rexnord Reports Q2 FY2017 Financial Results
November 2, 2016 4:09 PM EDTCall scheduled for Thursday, November 3, 2016 at 8:00 a.m. Eastern Time
MILWAUKEE--(BUSINESS WIRE)-- Rexnord Corporation (NYSE: RXN):
Second Quarter Highlights
Net sales were $491 million and up 1% year over year. Core sales(1) declined 2%, excluding a 1% impact from the RHF product line exit, while acquisitions contributed 4%. GAAP diluted earnings per share from continuing operations was $0.24, compared with $0.22 in the prior year. GAAP net income was $25 million, or 5% of net sales. Adjusted earnings per share(1) was $0.38, compared with $0.36 in the prior year.... More