Rexnord (RXN) Reports In-Line Q3 EPS
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Rexnord Reports Q3 FY2017 Financial Results and Affirms FY2017 Operating Outlook
February 1, 2017 4:24 PM ESTCall scheduled for Thursday, February 2, 2017 at 8:00 a.m. Eastern Time
MILWAUKEE--(BUSINESS WIRE)-- Rexnord Corporation (NYSE: RXN)
Third Quarter Highlights
Net sales were $452 million and down 2% year over year. Core sales(1) declined 5%, excluding a 1% impact from the RHF product line exit. Acquisitions contributed 5% to net sales; currency translation deducted 1%. GAAP diluted EPS was $0.02, compared with $0.24 in the prior year. GAAP net income was $2 million. Adjusted EPS(1) was $0.25, compared with $0.42 in the prior year.... More