Rexnord Sales Up 9.1% in 2Q 2007
Rexnord Corporation, Milwaukee, WI, manufacturer of highly engineered precision motion technology products, primarily power transmission products, reported sales grew 9.1% in second quarter fiscal 2007 to $298.1 million. Rexnord recorded profit of $0.4 million for the quarter.
The sales increase was driven primarily by strength in its industrial products end markets of natural resource extraction, metals processing, infrastructure expansion (mining, cement, aggregates) and food and beverages as well as strong demand for aerospace products.
Bob Hitt, Rexnord id=bwanpa1>'s CEO, said: id=bwanpa5>'We continue to see positive trends in our businesses and end markets, which is demonstrated by our solid order growth of 9.4% in the quarter and ...