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Last $19.71 USD
Change Today +0.21 / 1.08%
Volume 595.8K
RXN On Other Exchanges
Symbol
Exchange
New York
As of 8:04 PM 09/2/15 All times are local (Market data is delayed by at least 15 minutes).

rexnord corp (RXN) Snapshot

Open
$19.73
Previous Close
$19.50
Day High
$20.04
Day Low
$19.43
52 Week High
11/3/14 - $29.95
52 Week Low
08/24/15 - $17.99
Market Cap
2.0B
Average Volume 10 Days
889.2K
EPS TTM
$1.14
Shares Outstanding
100.3M
EX-Date
--
P/E TM
17.2x
Dividend
--
Dividend Yield
--
Current Stock Chart for REXNORD CORP (RXN)

rexnord corp (RXN) Related Businessweek News

No Related Businessweek News Found

rexnord corp (RXN) Details

Rexnord Corporation designs, manufactures, markets, and services process and motion control, and water management products worldwide. The company operates in 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 and gear drives, couplings, industrial bearings, tabletop and engineered chain, aerospace bearings and seals, conveying equipment, and specialty components, as well as repair and on-going service under the brand names of Steelflex, Thomas, Omega, Rex, Viva, Wrapflex, Lifelign, True Torque, Addax, Autogard, FlatTop, Shafer, 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 to customers in the commercial construction, infrastructure, and residential construction end-markets in 49 countries. Rexnord Corporation was incorporated in 2006 and is headquartered in Milwaukee, Wisconsin.

8,000 Employees
Last Reported Date: 05/20/15
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: $410.4K
Group Executive and President of Zurn
Total Annual Compensation: $762.2K
Group Executive and President of Aerospace
Total Annual Compensation: $397.9K
Group Executive and President of Power Transm...
Total Annual Compensation: $357.0K
Compensation as of Fiscal Year 2015.

rexnord corp (RXN) Key Developments

Rexnord Corporation Announces Unaudited Consolidated Earnings Results for the First Quarter Ended June 30, 2015; Provides Earnings Guidance for the Second Quarter, First Half and for the Full Year of 2016

Rexnord Corporation announced unaudited consolidated earnings results for the first quarter ended June 30, 2015. For the quarter, the company's net sales were $485.1 million compared with $503.6 million a year ago. Income from operations was $53.2 million compared with $56.9 million a year ago. Income from continuing operations before income taxes was $31.2 million compared to $33.1 million a year ago. Net income from continuing operations was $21.2 million or $0.20 per diluted share compared to $11.6 million or $0.11 per diluted share a year ago. Net income attributable to the company was $21.3 million or $0.20 per diluted share compared to $12.1 million or $0.12 per diluted share a year ago. EBITDA was $81.0 million compared with $84.2 million a year ago. Adjusted EBITDA was $85.2 million compared with $91.7 million a year ago. Adjusted net income from continuing operations was $31.8 million or $0.30 per diluted share compared with $34.4 million or $0.33 per diluted share a year ago. Cash provided by operating activities was $7.9 million compared with $6.4 million a year ago. Expenditures for property, plant and equipment was $7.7 million compared with $8.7 million a year ago. The company trimmed its earnings guidance for fiscal year 2016. The company expects adjusted earnings per share to be in a range of $1.50 to $1.58. Adjusted net income per diluted share is expected to be in a range of $1.50 per share to $1.25 per share. Amortization of intangible assets is expected to be $0.53 per share. The company expects to incur approximately $5 million of accelerated depreciation in the year, which is also excluded from adjusted EPS. The company also have capital expenditures in fiscal 2016 that went to this project, but those expenditures are included in capex outlook of approximately 3% of sales. The company currently anticipates that quarterly tax rate will be above full year expectation in the first half of fiscal 2016 and fourth quarter, but below 15% in third quarter. For the second quarter ending September 30, 2015, the company expects net sales to be in the range of $480 million to $490 million and adjusted earnings per share to be in a range of $0.31 to $0.33. Net income per diluted share is expected to be in a range of $0.22 per share to $0.24 per share. Amortization of intangible assets is expected to be $0.14 per share. Relative to the first half of fiscal 2016, adjusted EPS in the second half is expected to benefit from significantly reduced de-stocking activity by its distributors, more favorable sales mix, a lower average effective tax rate, and its incremental cost reduction initiatives. The guidance excludes any contributions from potential acquisition activity.

Rexnord Corporation to Report Q1, 2016 Results on Aug 04, 2015

Rexnord Corporation announced that they will report Q1, 2016 results at 5:00 PM, Eastern Standard Time on Aug 04, 2015

Rexnord Corporation, Q1 2016 Earnings Call, Aug 05, 2015

Rexnord Corporation, Q1 2016 Earnings Call, Aug 05, 2015

 

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RXN Competitors

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CLARCOR Inc $54.87 USD +0.71
Franklin Electric Co Inc $27.81 USD +0.06
Mueller Water Products Inc $8.57 USD +0.04
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Watts Water Technologies Inc $53.32 USD +1.14
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Industry Analysis

RXN

Industry Average

Valuation RXN Industry Range
Price/Earnings 20.1x
Price/Sales 1.0x
Price/Book 3.6x
Price/Cash Flow 13.1x
TEV/Sales NM Not Meaningful
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