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Rexnord Corp  (RXN)
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    Sector  Capital Goods    Industry Industrial Machinery and Components
 
 

EARNINGS REPORT by CSIMarket

Decline in Earnings while Sales Grew


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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.
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Other RXN's Earnings Reports

Rexnord reported third quarter 2016 earnings

Rexnord reported second quarter 2016 earnings

Rexnord reported first quarter 2016 earnings



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