Rexnord Reports Second Quarter 2021 Financial Results
Call scheduled for Wednesday, July 21, 2021 at 8:00 a.m. Eastern Time
Rexnord Corporation (NYSE:RXN)
Second Quarter Highlights
Net sales were $568 million compared with $449 million in last year's June quarter (+21% core sales(1), +3% acquisitions and divestitures, +3% foreign currency translation).
Net income(2) was $73 million (diluted EPS of $0.59), compared with $36 million (diluted EPS of $0.29) in the year-ago quarter.
Adjusted EPS(1) was $0.58 compared with $0.36 in the year-ago quarter.
Adjusted EBITDA(1) was $133 million (23.5% of net sales) compared with $103 million (23.0% of net sales) in last year's June quarter.
Net debt leverage ratio at 1.7x.
Todd Adams, Chairm
