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Rexnord Corp (RXN.N)

RXN.N on New York Stock Exchange

30.43USD
22 Jun 2018
Change (% chg)

$0.71 (+2.39%)
Prev Close
$29.72
Open
$30.15
Day's High
$30.93
Day's Low
$30.14
Volume
364,136
Avg. Vol
223,274
52-wk High
$31.44
52-wk Low
$22.53

Latest Key Developments (Source: Significant Developments)

Rexnord Corp Q4 Adj Earnings Per Share $0.42
Monday, 14 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
Thursday, 30 Nov 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
Tuesday, 28 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
Wednesday, 1 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
Monday, 9 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
Monday, 1 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

UPDATE 1-More layoffs at Indiana factory Trump made deal to keep open

INDIANAPOLIS, Jan 11 More than 200 workers clocked in for their final shifts on Thursday at Carrier Corp. in Indianapolis in the latest round of layoffs at a plant President Donald Trump toured in December 2016 to trumpet a deal to save jobs and prevent its closure.