Rexnord LLC, Milwaukee, WI, reported sales for the third quarter ended Dec. 31, 2011, were $492.4 million, up 17 percent over the prior year period. Core sales growth was 7 percent. Profit was $5.6 million, compared with $2.1 million a year ago.
We Deliver Distribution News to Your Inbox Sign up below to receive MDM Update, your free weekly distribution news update by email. |
For the first nine months of fiscal 2012, sales were $1.4 billion, up 15 percent year-over-year. Profit was $34.3 million, compared to a year-ago loss of $52.7 million.
Process & Motion Control core sales in the third quarter increased 11 percent year-over-year due to continued solid demand and market share gains across the majority of our served global markets. Net sales were $323 million, an increase of 8 percent from the prior year third quarter, which includes the year-over-year impact of a fiscal 2012 second quarter divestiture.
Water Management sales in the third quarter increased 41 percent from the prior year to $169 million as a result of the acquisition of VAG, the impact of market share gains and increased alternative market sales, which was partially offset by weakness in the North American municipal water markets.