Rexnord LLC, Milwaukee, WI, reported sales for the second quarter ended Oct. 1, 2011, of $455 million, an increase of 10 percent over the prior year second quarter. Core sales grew 10 percent. Profit was $4.5 million, compared to $21 million a year ago.
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For the first six months of the fiscal year, sales were $931.4 million, up 14 percent over the same period a year ago. Profit was $28.7 million, compared with a year-ago loss of $54.8 million.
Process & Motion Control sales in the second quarter increased 12 percent from the prior year to $317 million, due to solid demand and market share gains across the majority of served global markets.
Water Management sales in the second quarter increased 6 percent from the prior year to $138 million, due to market share gains and growth in alternative markets, which more than offset the continued weakness in the North American commercial construction and municipal water markets.