Rexnord Exits Water Management Platform Line

Departure from Rodney Hunt Fontaine product line to be reflected in fiscal 2016 earnings report.

Rexnord Corp. (NYSE: RXN), Milwaukee, WI, said it will exit the Rodney Hunt Fontaine product line in its water management platform and the contribution of this product line to consolidated operating results in Rexnord’s fiscal year 2016 fourth quarter and full year.

"As it became clear during the fourth quarter that efforts to transition the RHF flow control gate operations to a less vertically integrated operating model would not deliver acceptable near-term and longer-term returns, Rexnord determined to exit this product line," the company said.

"We are convinced that the planned exit from this non-strategic product line will be in the best interest of Rexnord’s shareholders," said Todd Adams, president and CEO.

The company will report fiscal 2016 fourth quarter and full-year earnings on May 18.

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