Rexnord (RXN) Tops Q4 EPS by 5c
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Rexnord Reports Fourth Quarter and Fiscal Year 2020 Financial Results and Provides Operating Update
May 12, 2020 5:13 PM EDTCall scheduled for Wednesday, May 13, 2020 at 8:00 a.m. Eastern Time
MILWAUKEE--(BUSINESS WIRE)-- Rexnord Corporation (NYSE: RXN):
Fourth Quarter Highlights
Net sales were $547 million and increased 2% year over year (+1% core sales(1), +1% acquisitions). Net income from continuing operations was $29 million (diluted EPS of $0.23), compared with $48 million (diluted EPS of $0.39) in the year-ago quarter. Net income(2) was $29 million (diluted EPS of $0.23), compared with $41 million (diluted EPS of $0.38) in the year-ago quarter. Adjusted EPS(1) was $0.55 compared with $0.51 in the year-ago quarter. Adjusted... More