Rexnord (RXN) Tops Q2 EPS by 4c, Revenues Beat; Boosts FY19 Operating Outlook
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Rexnord Reports Q2 FY2019 Financial Results and Increases FY2019 Operating Outlook
October 30, 2018 4:15 PM EDTCall scheduled for Wednesday, October 31, 2018 at 8:00 a.m. Eastern Time
MILWAUKEE--(BUSINESS WIRE)-- Rexnord Corporation (NYSE: RXN)
Second Quarter Highlights
Net sales were $525 million and increased 16% year over year (+9% core sales(1), +8% acquisitions, -1% foreign currency translation). Net income from continuing operations was $46 million (diluted EPS of $0.37), compared with the comparable $33 million (diluted EPS of $0.26) in the year-ago quarter. Net loss(2) was $43 million (diluted loss per share of $0.30), including the $84 million loss from discontinued operations, and compared... More