Rexnord (RXN) Tops Q2 EPS by 4c, Revenues Beat; Updates FY20 Outlook
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Rexnord Reports Q2 FY2020 Financial Results
October 29, 2019 4:30 PM EDTCall scheduled for Wednesday, October 30, 2019 at 8:00 a.m. Eastern Time
MILWAUKEE--(BUSINESS WIRE)-- Rexnord Corporation (NYSE: RXN)
Second Quarter Highlights
Net sales were $521 million and decreased 1% year over year (flat core sales(1), +1% acquisitions, -2% foreign currency translation). Net income from continuing operations grew 24% to $57 million (diluted EPS of $0.46), compared with $46 million (diluted EPS of $0.37) in the year-ago quarter. Net income(2) was $51 million (diluted EPS of $0.46), compared with a net loss(2) of $43 million, including a $84 million loss from discontinued operations (diluted EPS of... More