Last $26.52 USD
Change Today +0.54 / 2.08%
Volume 465.9K
RXN On Other Exchanges
Symbol
Exchange
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As of 8:04 PM 12/17/14 All times are local (Market data is delayed by at least 15 minutes).

rexnord corp (RXN) Snapshot

Open
$26.01
Previous Close
$25.98
Day High
$26.56
Day Low
$25.64
52 Week High
03/7/14 - $30.94
52 Week Low
10/15/14 - $24.89
Market Cap
2.7B
Average Volume 10 Days
590.0K
EPS TTM
$1.27
Shares Outstanding
101.7M
EX-Date
--
P/E TM
20.9x
Dividend
--
Dividend Yield
--
Current Stock Chart for REXNORD CORP (RXN)

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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 Paul Jones to its Board of Directors, Effective December 10, 2014

Rexnord Corporation announced that Paul W. Jones will join the company as board of directors effective December 10, 2014. Mr. Jones will also serve on the compensation committee and the nominating and corporate governance committee of the board. Mr. Jones is the retired chairman, chief executive officer and president of A.O. Smith Corporation. Prior to joining A.O. Smith in 2004, Mr. Jones was chairman and chief executive officer of U.S. Can Company Inc.

Rexnord Corporation Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended September 30, 2014; Revises Earnings Guidance Full Year Ending March 31, 2015; Provides Earnings Guidance for the Third Quarter of Fiscal 2014

Rexnord Corporation reported unaudited consolidated earnings results for the second quarter and six months ended September 28, 2014. For the quarter, the company reported net sales of $537.9 million compared to $514.5 million a year ago. Income from operations was $77.6 million compared to $72.6 million a year ago. Income from operations before income taxes was $53.3 million against loss of $85.7 million a year ago. Net income $37.1 million or $0.35 per diluted share against net loss of $52.5 million or $0.54 per diluted share a year ago. Net income attributable to the company was $37.2 million or $0.36 per diluted share compared to net loss attributable to the company of $52.3 million or $0.54 per diluted share a year ago. EBITDA was $103.6 million against LBITDA of $30.1 million a year ago. Adjusted EBITDA was $108.9 million against $102.7 million a year ago. Adjusted net income was $41.0 million or $0.40 per diluted share against $30.7 million or $0.29 per diluted share a year ago. For the six months, the company reported net sales of $1,047.7 million compared to $1,023.2 million a year ago. Income from operations was $135.2 million compared to $133.6 million a year ago. Income from operations before income taxes was $87.1 million against loss of $69.9 million a year ago. Net income $49.1 million or $0.47 per diluted share against net loss of $38.9 million or $0.40 per diluted share a year ago. Net income attributable to the company was $49.3 million or $0.47 per diluted share compared to net loss attributable to the company of $38.5 million or $0.40 per diluted share a year ago. EBITDA was $188.5 million against $48.2 million a year ago. Adjusted EBITDA was $201.7 million against $195.5 million a year ago. Adjusted net income was $68.5 million or $0.66 per diluted share against $54.8 million or $0.53 per diluted share a year ago. Cash provided by operating activities was $78.5 million compared to $9.1 million a year ago. Expenditures for property, plant and equipment were $21.2 million compared to $19.2 million a year ago. For the third quarter of fiscal 2015, the company anticipates net income per diluted share to be in the range of $0.27 to $0.30 and adjusted net income per diluted share to be in the range of $0.29 to $0.32 including a roughly $0.03 discrete tax rate headwind year-over-year. Net sales are expected to be in the range of $496 million to $504 million. For the full year ending March 31, 2015, the company expects core sales growth for the second half of the year to be 3-4%, inclusive of the weaker European industrial demand environment that the company anticipates to continue. As a result, the company is revising outlook for adjusted earnings per share to be in a range of $1.52 to $1.60, which, at the midpoint, is the low end of previous adjusted earnings per share outlook, modified for an anticipated $0.04 adverse impact of revised currency translation assumptions. The company anticipates net income per diluted share to be in the range of $1.22 to $1.30.

Rexnord Corporation to Report Q2, 2015 Results on Nov 06, 2014

Rexnord Corporation announced that they will report Q2, 2015 results at 5:00 PM, Eastern Standard Time on Nov 06, 2014

 

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Price/Earnings 23.1x
Price/Sales 1.3x
Price/Book 4.5x
Price/Cash Flow 15.5x
TEV/Sales 0.2x
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