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Rexnord Sales Fall 1% in Fiscal Third Quarter

Team Moblico
posted on January 29, 2020

Rexnord Corp. (NYSE: RXN), Milwaukee, reported sales for the third quarter of fiscal 2020 of $492 million, an increase of 1% year-over-year. Profit for the quarter was $48 million compared to $53 million the previous year’s quarter.

For the first nine months of the fiscal year sales were $1.5 billion, up 0.5% from the previous year. Profit for the period was $151.8 million, compared to a loss of $13 million the previous year.