Rexnord LLC, Milwaukee, WI, reported sales for the second quarter ended Oct. 2, 2010, were $412 million, an increase of 12 percent compared with the prior year second quarter. Core sales grew 12 percent. Profit was $23.8 million, compared with year-ago profit of $4.5 million.
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Fiscal year-to-date, sales improved 11.1 percent to $819.6 million. Year-to-date loss for the power transmission and water management manufacturer was $92.5 million, compared with a year ago loss of $19.5 million.
Process and Motion Control sales in the second quarter were $282.1 million, an increase of 18 percent from the prior year second quarter. Core sales increased 20 percent. The year-over-year increase in net sales was driven by share gains across businesses, accelerated international growth and improving end-market demand in North America.
Water Management sales in the second quarter were $130.2 million, a decrease of 1 percent from the prior year second quarter. Core sales contracted 1% in the quarter. The year-over-year decline in sales was the result of lower shipments within the water and waste water end-markets.
