Rexnord Corp. (RXN), which designs, manufactures, markets, and services process and motion control, and water management products, Tuesday reported net income of $24 million or $0.24 per share for the fourth quarter compared with $8.6 million or $0.12 per share during the corresponding quarter last year. The net income for the last year included a loss of $6.3 million or $0.09 per share from discontinued operations.
Adjusted net income for the three-month period was $32.1 million or $0.32 per share. On average, seven analysts polled by Thomson Reuters expected earnings per share of $0.31 for the fourth quarter. Analysts' estimates typically exclude one-time items.
Adjusted EBITDA increased 2 percent to $115 million, resulting in a 40 basis point increase in adjusted EBITDA margin to 21.3 percent.
Net sales remained flat at $540.3 million for the fourth quarter, while the Street estimated revenues of $542.94 million for the quarter.
For the upcoming quarter, the company anticipates adjusted earnings per share in the range of $0.17 - $0.19, on sales of $489 million - $499 million. The Street expects the firm to report earnings per share of $0.27, and revenues of $517.9 million for the next quarter.
Looking forward, the company provided initial financial guidance for the fiscal year 2014, with adjusted earnings per share expected in the range of $1.10 to $1.18, on core sales growth of +1 percent to +3 percent and incremental adjusted EBITDA margins of approximately 30 percent. Analysts estimate earnings per share of $1.10 for the year.
For comments and feedback contact: editorial@rttnews.com
Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.