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Stock impact report

Rexnord Reports Second Quarter 2021 Financial Results

Rexnord Corporation (RXN) 
Last rexnord corporation earnings: 1/28 04:20 pm Check Earnings Report
Company Research Source: Business Wire
Call scheduled for Wednesday, July 21, 2021 at 8:00 a.m. Eastern Time MILWAUKEE--(BUSINESS WIRE)--Rexnord Corporation (NYSE:RXN)Second Quarter HighlightsNet sales were $568 million compared with $449 million in last year’s June quarter (+21% core sales(1), +3% acquisitions and divestitures, +3% foreign currency translation).Net income(2) was $73 million (diluted EPS of $0.59), compared with $36 million (diluted EPS of $0.29) in the year-ago quarter.Adjusted EPS(1) was $0.58 compared with $0.36 in the year-ago quarter.Adjusted EBITDA(1) was $133 million (23.5% of net sales) compared with $103 million (23.0% of net sales) in last year's June quarter.Net debt leverage ratio at 1.7x.Todd Adams, Chairman and Chief Executive Officer, commented, “We delivered a very strong second quarter with above market sales growth, solid margins, and strong free cash flow. Momentum across our business continues to accelerate and the trajectory of both platforms provides a terrific backdrop for our pla Show less Read more
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