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Rexnord Corp (RXN.N)

RXN.N on New York Stock Exchange

29.27USD
17 Jul 2018
Change (% chg)

$0.03 (+0.10%)
Prev Close
$29.24
Open
$29.29
Day's High
$29.62
Day's Low
$29.23
Volume
203,643
Avg. Vol
209,849
52-wk High
$31.44
52-wk Low
$22.70

Latest Key Developments (Source: Significant Developments)

Rexnord Corp Q4 Adj Earnings Per Share $0.42
Tuesday, 15 May 2018 

May 14 (Reuters) - Rexnord Corp ::REXNORD REPORTS Q4 FY18 FINANCIAL RESULTS AND INITIATES FY19 OPERATING OUTLOOK; PLANS TO DIVEST VAG.Q4 ADJUSTED EARNINGS PER SHARE $0.42.Q4 SALES $575 MILLION VERSUS I/B/E/S VIEW $551.9 MILLION.Q4 EARNINGS PER SHARE VIEW $0.39 -- THOMSON REUTERS I/B/E/S."INITIAL OUTLOOK FOR FISCAL 2019 IS BASED ON OUR ASSUMPTION OF MID-SINGLE-DIGIT CORE GROWTH FOR THE FULL YEAR".EXPECT FISCAL 2019 GAAP NET INCOME TO BE IN A RANGE OF $129 MILLION TO $143 MILLION.EXPECT FISCAL 2019 ADJUSTED EBITDA TO BE IN A RANGE OF $420 MILLION TO $440 MILLION.ESTIMATE SCOFR WILL DELIVER APPROXIMATELY $15 MILLION OF ANNUALIZED STRUCTURAL COST REDUCTION ONCE COMPLETED IN FISCAL 2020.FISCAL 2019 OUTLOOK EXCLUDES CO'S VAG OPERATIONS.ANTICIPATE DIVESTING NON-STRATEGIC VAG OPERATIONS THAT SERVE GLOBAL WATER AND WASTEWATER INFRASTRUCTURE END MARKETS.  Full Article

Rexnord Corporation To Acquire Centa Power Transmission
Monday, 8 Jan 2018 

Jan 8 (Reuters) - Rexnord Corp ::REXNORD CORP - HAS ENTERED INTO A DEFINITIVE AGREEMENT TO ACQUIRE CENTA POWER TRANSMISSION.REXNORD CORPORATION TO ACQUIRE CENTA POWER TRANSMISSION.  Full Article

Rexnord Corp Announces Pricing Of $500 Mln Of 4.875 Pct Senior Notes Due 2025
Friday, 1 Dec 2017 

Nov 30 (Reuters) - Rexnord Corp ::REXNORD CORPORATION ANNOUNCES PRICING OF $500 MILLION OF 4.875% SENIOR NOTES DUE 2025.REXNORD CORP - ‍ NOTES WILL MATURE ON DECEMBER 15, 2025​.REXNORD CORP - ‍NOTES WILL PAY INTEREST SEMI-ANNUALLY AT A RATE OF 4.875% PER ANNUM, ON EACH JUNE 15 AND DECEMBER 15, COMMENCING ON JUNE 15, 2018​.  Full Article

Rexnord Corporation Announces Offering Of Senior Notes
Wednesday, 29 Nov 2017 

Nov 28 (Reuters) - Rexnord Corp ::REXNORD CORPORATION ANNOUNCES OFFERING OF SENIOR NOTES.REXNORD CORP - ‍ANNOUNCED ITS INTENTION TO COMMENCE AN OFFERING OF $500.0 MILLION AGGREGATE PRINCIPAL AMOUNT OF SENIOR NOTES​.REXNORD CORP - ‍NOTES WILL BE ISSUED BY COMPANY'S WHOLLY-OWNED, INDIRECT SUBSIDIARIES RBS GLOBAL, INC. AND REXNORD LLC​.REXNORD- TO USE PROCEEDS, WITH AVAILABLE CASH, TO REDUCE OUTSTANDING INDEBTEDNESS THROUGH REFINANCING, AMENDMENT TO CERTAIN TERMS OF CREDIT AGREEMENT​.  Full Article

Rexnord Corp reports Q2 adjusted earnings per share $0.32
Thursday, 2 Nov 2017 

Nov 1 (Reuters) - Rexnord Corp :Rexnord reports q2 fy2018 financial results and increases fy2018 operating outlook.Q2 adjusted earnings per share $0.32.Q2 earnings per share $0.23.Q2 sales $511 million versus I/B/E/S view $505.4 million.Q2 earnings per share view $0.31 -- Thomson Reuters I/B/E/S.Rexnord Corp - ‍project fiscal 2018 net income to be in a range of $95 million to $102 million​.Rexnord Corp - ‍ project fiscal 2018 adjusted EBITDA to be in a range of $375 million to $385 million​.Rexnord Corp - ‍project fiscal 2018 free cash flow to exceed net income​.  Full Article

Rexnord Corporation acquires World Dryer Corporation
Tuesday, 10 Oct 2017 

Oct 9 (Reuters) - Rexnord Corp :Rexnord Corporation acquires World Dryer corporation.Rexnord Corp - ‍ World Dryer will join Rexnord's Zurn business​.  Full Article

Rexnord sees q2 adjusted earnings per share $0.36 to $0.39
Tuesday, 2 Aug 2016 

Rexnord Corp : Sees q2 adjusted earnings per share $0.36 to $0.39 . Q1 gaap earnings per share $0.18 from continuing operations . Q1 sales $472 million versus i/b/e/s view $459.5 million . Reaffirms fy 2017 adjusted earnings per share view $1.47 to $1.57 . Rexnord reports q1 fy2017 financial results . Q1 adjusted earnings per share $0.35 . Sees q2 sales $492 million to $502 million . Q1 earnings per share view $0.30 -- Thomson Reuters I/B/E/S . Q2 earnings per share view $0.38 -- Thomson Reuters I/B/E/S . Q2 revenue view $497.3 million -- Thomson Reuters I/B/E/S .Fy2017 revenue view $1.95 billion -- Thomson Reuters I/B/E/S.  Full Article