Company Name or Ticker Symbol
Search for other Categories
Rexnord Corp  (RXN)
Other Ticker:  
    Sector  Capital Goods    Industry Industrial Machinery and Components


Decline in Earnings while Sales Grew

decrease font size NEWS BETA Increase font size

Rexnord Corp announced forth quarter 2017 operating income of $59.8 millions

Sales growth of 2.23 %, could not prevent income contraction in the forth quarter 2017, compare to same quarter a year ago. Sales were at $504 millions and eps at $0.21.

In comparison to previous quarter eps more than doubled by 950 % from $0.02 per share and Sales advanced by 11.47 % from $452 millions.

Company achieved net income of $27 millions in the forth quarter 2017 an improvement versus a net loss of $-1 millions in the same quarter a year ago. Rexnord Corp also emphasized it's improving profit margins, where net margin rose to 5.44% in forth quarter 2017, and operating margin edged up to 11.87%.
Looking into financial results for the fiscal year 2017, Rexnord Corp reported Sales of $1.92 billions and net income of $74 millions.

Industrial Machinery and Components Company explained also, that Eps decreased by -3.03 % to $0.64 per share from $0.66 in the previous fiscal year, while Sales decreased by -0.29 % from $1.92 billions a year ago.

Rexnord Corp is expected to report next financial results on August 04, 2017.
Other RXN's Earnings Reports

Rexnord reported third quarter 2016 earnings

Rexnord reported second quarter 2016 earnings

Rexnord reported first quarter 2016 earnings

CSIMarket Company, Sector, Industry, Market Analysis, Stock Quotes, Earnings, Economy, News and Research.  Free Stock Market News Feeds
   Copyright © 2017 CSIMarket, Inc. All rights reserved. By using this site, you agree to the Terms of Service and Privacy Policy - UPDATED (Read about our Privacy Policy)
Intraday Data provided by Barchart and subject to terms of use. To view Intraday Stock Data Java must be installed. Java content may be prohibited by the security software, to see the stock quotes, choose "allow content from this page" option. Stock Price, historical and current end-of-day data provided by eoddata. Intraday data delayed per exchange requirements. S&P/Dow Jones Indices (SM) from Barchart and Eoddata. All quotes are in local exchange time. Intraday data delayed 15 minutes for Nasdaq, and other exchanges. Fundamental and financial data for Stocks, Sector, Industry, and Economic Indicators provided by CSIMarket.com