Rexnord Corp. (NYSE: RXN), Milwaukee, WI, reported sales for the first quarter of fiscal 2013 of $497 million, an increase of 4 percent compared to the prior year. Sales growth was 10 percent acquisitions with a negative 3 percent from divestiture/exit, a negative 2 percent from foreign currency translation and a negative 1 percent from core sales.
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The manufacturer reported a loss of $2.2 million, compared to a profit of $11.2 million in the prior-year quarter.