Rexnord Reports Q1 Adj. EPS Of $0.26 - Quick Facts

(RTTNews) - Rexnord Corp. (RXN) reported that its first-quarter net income attributable to company decreased to $12.1 million or $0.12 per share, from $13.8 million or $0.14 per share, last year. Adjusted earnings per share was $0.26 for the quarter

On average, eight analysts polled by Thomson Reuters expected the company to report profit per share of $0.25 for the quarter. Analysts' estimates typically exclude special items. Net sales increased to $509.8 million from $508.7 million, a year ago. Analysts expected revenue of $513.40 million for the quarter. Excluding Mill Products, net sales increased 2% year over year.

The company expects second-quarter 2015 net sales to be between $540 million and $550 million. Adjusted earnings per share is expected to be in the range of $0.38-$0.41. Analysts expect the company to report second-quarter earnings per share of $0.41 on revenue of $543.10 million.

For the 2015 fiscal year, the company affirmed its previously issued guidance for +3% to +5% core growth and for adjusted earnings per share in the range of $1.60-1.70. Analysts expect the company to report fiscal 2015 earnings per share of $1.65.