Recap: Rexnord Q2 Earnings

Shares of Rexnord RXN were flat in after-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share fell 7.84% over the past year to $0.47, which beat the estimate of $0.37.

Revenue of $493,600,000 declined by 5.31% year over year, which beat the estimate of $442,460,000.

Looking Ahead

Rexnord hasn't issued any earnings guidance for the time being.

Revenue guidance hasn't been issued by the company for now.

Price Action

52-week high: $35.64

Company's 52-week low was at $18.87

Price action over last quarter: Up 3.41%

Company Overview

Rexnord Corp is a U.S. based company that primarily operates through two segments. Its Process and motion control segment designs, manufactures, and distributes specified mechanical components that are used in complex systems, as well as providing related services. This segment's customers come from food and beverage, aerospace, mining, energy and power generation, and other industries. The Water management segment manufactures and markets products that can help enhance water quality and conservation. This segment's target customers primarily include nonresidential buildings and water and wastewater treatment infrastructures. The company generates most of its revenue from American and European markets.

Posted In: Earnings

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