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Last $26.68 USD
Change Today +0.06 / 0.23%
Volume 352.6K
As of 8:04 PM 05/6/15 All times are local (Market data is delayed by at least 15 minutes).

rexnord corp (RXN) Snapshot

Open
$26.74
Previous Close
$26.62
Day High
$26.80
Day Low
$26.50
52 Week High
11/3/14 - $29.95
52 Week Low
01/29/15 - $24.20
Market Cap
2.7B
Average Volume 10 Days
401.5K
EPS TTM
$1.03
Shares Outstanding
101.7M
EX-Date
--
P/E TM
26.0x
Dividend
--
Dividend Yield
--
Current Stock Chart for REXNORD CORP (RXN)

rexnord corp (RXN) Related Businessweek News

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rexnord corp (RXN) Details

Rexnord Corporation designs, manufactures, markets, and services process and motion control, and water management products worldwide. The company operates through two segments, Process & Motion Control Platform and Water Management Platform. The Process & Motion Control Platform segment designs, manufactures, markets, and services mechanical components used in complex systems. It offers gears, couplings, industrial bearings, aerospace bearings and seals, chains, engineered chains, and conveying equipment under the brand names of Steelflex, Thomas, Omega, Rex, Viva, Wrapflex, Lifelign, True Torque, Addax, Autogard, FlatTop, PSI, Cartriseal, Precision Gear, Micro Precision, Rexnord, Falk, and Link-Belt. This segment offers its products through distributors to mining, general industrial, cement and aggregates, agriculture, forest and wood products, petrochemical, energy, food and beverage, aerospace, and wind energy markets. The Water Management Platform segment designs, procures, manufactures, and markets products that provide and enhance water quality, safety, flow control, and conservation. It offers specification drainage products, flush valves and faucet products, backflow prevention pressure release valves, PEX piping used in nonresidential construction end-markets, and engineered valves and gates for the water and wastewater treatment market under the brand names of Zurn, Wilkins, VAG, GA, Rodney Hunt, and Fontaine. This segment sells its products through independent sales representatives, sales agencies, and direct sales and marketing associates in 49 countries. Rexnord Corporation was incorporated in 2006 and is headquartered in Milwaukee, Wisconsin.

7,400 Employees
Last Reported Date: 05/21/14
Founded in 2006

rexnord corp (RXN) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: $750.0K
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: $377.3K
Senior Advisor
Total Annual Compensation: $434.8K
Compensation as of Fiscal Year 2014.

rexnord corp (RXN) Key Developments

Rexnord Corporation Names George C. Moore to its Board of Directors

Rexnord Corporation announced that George C. Moore will join the company's Board of Directors effective February 12, 2015. Mr. Moore currently serves as a director of Wastequip Inc., where he has served since 2012.

Rexnord Corporation Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2014; Provides Earnings Guidance for the Fourth Quarter and Full Year of Fiscal 2015

Rexnord Corporation announced unaudited consolidated earnings results for the third quarter and nine months ended December 31, 2014. For the quarter, the company's net sales were $507.1 million compared with $489.1 million a year ago. Income from operations was $33.8 million compared with $67.5 million a year ago. Income from operations before income taxes was $1.3 million compared with $41.1 million a year ago. Net income attributable to the company was $2.2 million or $0.02 per diluted share compared with $28.7 million or $0.28 per diluted share a year ago. EBITDA was $51.2 million compared with $90.0 million a year ago. Adjusted EBITDA was $99.7 million compared with $98.0 million a year ago. Adjusted net income was $33.2 million or $0.32 per diluted share compared with $33.9 million or $0.32 per diluted share a year ago. Cash provided by operating activities was $167.0 million compared with $93.4 million a year ago. Expenditures for property, plant and equipment was $32.1 million compared with $31.6 million a year ago. For the nine months, the company's net sales were $1,554.8 million compared with $1,512.3 million a year ago. Income from operations was $169.0 million compared with $201.1 million a year ago. Income from operations before income taxes was $88.4 million compared with loss of $28.8 million a year ago. Net income attributable to the company was $51.5 million or $0.49 per diluted share compared with net loss of $9.8 million or $0.10 per diluted share a year ago. EBITDA was $239.7 million compared with $138.2 million a year ago. Adjusted EBITDA was $301.4 million compared with $293.5 million a year ago. Adjusted net income was $101.7 million or $0.98 per diluted share compared with $88.7 million or $0.84 per diluted share a year ago. Net debt as at December 31, 2014 was $1,533,000,000. Several foreign currencies have weakened sharply since last quarter, and as a result the company is narrowing its guidance for fiscal 2015 adjusted earnings per share to a range of $1.52-$1.56 to reflect current exchange rates. The company expects diluted earnings per share in the range of $1.02-$1.06. For the fourth quarter of fiscal 2015, the company expects net sales to be in the range of $540 million-$550 million and adjusted earnings per share to be in a range of $0.54-$0.58. The company expects diluted earnings per share in the range of $0.53-$0.57.

Rexnord Corporation Names George Powers as Chief Human Resources Officer

Rexnord announced that George Powers has joined Rexnord as Chief Human Resources Officer (CHRO). George joins Rexnord from Schneider Electric. Most recently he led Human Resources for the Global Solutions Division as its Senior Vice President. He has more than 20 years of progressive, global experience in all major disciplines of human resources, including leading transformational business change.

 

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Industry Analysis

RXN

Industry Average

Valuation RXN Industry Range
Price/Earnings 31.0x
Price/Sales 1.3x
Price/Book 4.8x
Price/Cash Flow 18.6x
TEV/Sales 0.2x
 | 

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