Rexnord Core Sales Up 3% in Second Quarter

Rexnord is exploring strategic alternatives for its mill products segment.

Rexnord Corp. (NYSE: RXN), Milwaukee, WI, reported sales for the second quarter ended Sept. 30 of $538 million, a year-over-year increase of 4.5 percent. Profit was $37.2 million, compared to a year-ago loss of $52.3 million.

Excluding mill products, Rexnord's non-core ring gear and pinion product line, sales increased 6 percent year over year. Core sales increased 3 percent. Rexnord is exploring strategic alternatives for the non-core business.

For the six month period, sales increased 2.4 percent to $1 billion. Profit was $49.3 million, compared to a year-ago loss of $38.5 million.

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