Rexnord Reports September Quarter 2020 Financial Results

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Go back to Rexnord Reports September Quarter 2020 Financial Results

Rexnord (RXN) Tops Q2 EPS by 10c, Revenues Beat

October 27, 2020 4:29 PM EDT

Rexnord (NYSE: RXN) reported Q2 EPS of $0.47, $0.10 better than the analyst estimate of $0.37. Revenue for the quarter came in at $494 million versus the consensus estimate of $442.46 million.

September Quarter Highlights

Net sales were $494 million and 5% below sales in last years September quarter (-7% core sales(1), +1% acquisitions, +1% foreign currency translation).Net income from continuing operations was $45 million (diluted EPS of $0.37), compared with $57 million (diluted EPS of $0.46) in the year-ago quarter.Net income(2) was $45 million (diluted EPS of $0.37), compared with $51 million (diluted EPS of $0.46) in the year-ago quarter.Adjusted EPS(1) was $0.47... More