Rexnord Sales Soar 26.5% in 2Q - Modern Distribution Management

Rexnord Sales Soar 26.5% in 2Q

The company doubled its profit during the quarter as “momentum across our business continues to accelerate,” according to the CEO.
Regal Rexnord acquires Arrowhead

Rexnord Corp. (NYSE: RXN), Milwaukee, Wisconsin, reported sales for the second quarter of $568.3 million, a 26.5% increase over the same period a year ago. The company reported a profit of $73.2 million for the quarter, more than double its profit of $35.6 million in the year-ago quarter.

“We delivered a very strong second quarter with above market sales growth, solid margins, and strong free cash flow,” said Todd Adams, chairman and CEO. “Momentum across our business continues to accelerate and the trajectory of both platforms provides a terrific backdrop for our planned merger of Process and Motion Control with Regal Beloit while establishing our Water Management platform as a premier, pure-play water company.”

For the first six months, Rexnord’s sales were $1.1 billion, up 9.9% from the same period in 2020. Profit almost doubled to $123.2 million from $64.1 million.

Related Posts

Share this article

About the Author
Recommended Reading
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.


articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events

Subscribe to continue reading

MDM Premium Subscribers get:

  • Unlimited access to
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events



You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.

Join other distribution executives who use MDM Premium to optimize their business. Our insights and analysis help you enter the right new markets, turbocharge your sales and marketing efforts, identify business partners that help you scale, and stay ahead of your competitors.

Register for full access

By providing your email, you agree to receive announcements from us and our partners for our newsletter, events, surveys, and partner resources per MDM Terms & Conditions. You can withdraw consent at any time.