Rexnord sales up 4 percent
Rexnord Corporation reported that its fiscal 2014 third-quarter net sales increased 4 percent to $489 million.
Net income was $28.6 million, or 28 cents per share, compared to $9.2 million, or 9 cents, in the same period last year.
Process & Motion Control net sales were $301 million in the third quarter of fiscal 2014 and $303 million in the third quarter of fiscal 2013. Core net sales decreased 1% year-over-year as low single digit sales growth in the majority of end-markets was offset by a decline in sales to bulk material handling markets.
Water Management net and core sales increased 12% from the prior year to $188 million in the third quarter of fiscal 2014. The growth in sales was primarily driven by market share gains in the majority of served markets, as well as increased alternative market sales in non-residential construction end-markets.
INDUSTRIAL SUPPLY MAGAZINE
The March/April issue of Industrial Supply magazine features an in-depth cover story about Joyce Lansdale and Vallen. Plus, we're featuring articles by contributing writers Dirk Beveridge, Frank Hurtte, and David Kahle, as well as interviews with numerous product and distribution industry experts.
