Rexnord Reports Q1 FY2018 Financial Results and Affirms FY2018 Operating Outlook
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
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Source: Business Wire
Call scheduled for Thursday, August 3, 2017 at 8:00 a.m. Eastern Time MILWAUKEE--(BUSINESS WIRE)-- Rexnord Corporation (NYSE:RXN) First Quarter Highlights Net sales were $488 million and up 3% year over year (+3% core sales(1), +3% acquisitions, -2% RHF product line exit, -1% foreign currency translation). Diluted EPS was $0.20, compared with $0.18 in the year-ago quarter. Net income(2) was $21 million, compared with $19 million in the year-ago quarter. Adjusted EPS(1) was $0.27, compared with $0.35 in the year-ago quarter. Adjusted EBITDA(1) was $86 million (18% of net sales), compared with $79 million (17% of net sales) in last year's first quarter. Net debt leverage ratio reduced to 3.0x. Todd A. Adams, President and Chief Executive Officer, commented, “Our fiscal 2018
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