Rexnord Previews Preliminary Q4 & Full Fiscal Year 2020 Financial Results
Rexnord Corporation (RXN)
Last rexnord corporation earnings: 1/28 04:20 pm
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US:NYSE Investor Relations:
phx.corporate-ir.net/phoenix.zhtml?c=202367&p=irol-irhome
Company Research
Source: Business Wire
MILWAUKEE--(BUSINESS WIRE)--Rexnord Corporation (NYSE:RXN)Fourth Quarter Preliminary ResultsNet sales of approximately $547 million are expected, representing an approximately +2% year-over-year increase. Core sales(1) growth of approximately +1%.Adjusted EBITDA(1) of approximately $124 million is expected, compared with $120 million in last year's fourth quarter.Fiscal 2020 Preliminary ResultsNet sales of approximately $2.068 billion are expected, representing an approximately +1% year-over-year increase. Core sales(1) growth of approximately +1%.Adjusted EBITDA(1) of approximately $460 million is expected, compared with $443 million in the prior year.For the fiscal year, Adjusted EBITDA(1) increased approximately $17 million on the $17 million of sales growth we expect to report.Free cash flow(1) is estimated at $255 million, which equates to approximately 20% growth over the prior year.Net debt leverage ratio of 1.9x.Todd Adams, President and Chief Executive Officer, commented,
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