Rexnord Corp. (NYSE: RXN), Milwaukee, WI, reported sales for the fiscal first quarter ended June 29, 2013, of $508.7 million, an increase of 3.1 percent compared to the same period a year ago. Profit was $13.6 million, compared to a year-ago loss of $2.2 million.
Process & motion control sales were $315 million in the first quarter of fiscal 2014 up slightly from the first quarter of fiscal 2013. Core sales were flat year-over-year as sales growth in food and beverage and non-U.S. mining end-markets was offset by soft global demand in the majority of remaining end-markets.
Water management sales increased 8 percent from the prior year to $194 million. Core sales increased 8 percent year-over-year as a result of market share gains in water management end-markets and increased alternative market sales in non-residential construction end-markets.