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Rexnord Core Sales Contract 10% In 4Q

Milwuakee, WI-based Rexnord LLC, a diversified industrial company focused on power transmission and water management products, reported fourth quarter sales of $432 million, down 14% from the prior year. The company recorded a quarterly loss of $7.8 million. Core sales contracted 10%.
Fourth quarter power transmission sales declined 16% to $312 million.Core sales were down 11%.
Water Management fourth quarter sales declined $9 million, or 7%, compared with the prior year fourth quarter to $120 million. Core sales contracted 9% from the prior year quarter.
For fiscal year 2009 - ended March 31, sales were $1.88 billion, an increase of 2% over the prior year. The loss recorded for the year was $207 million. Core sales contracted 1%. Power transmission sales were $1,322 million, a decrease 2% from fiscal 2008. Water Management sales increased 10% to $560 million.

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