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Rexnord Schedules Q3 FY2018 Earnings Release and Investor Conference Call

Published: Wed, 17 Jan 2018 13:00:16 GMT

MILWAUKEE--(BUSINESS WIRE)--Jan. 17, 2018-- Rexnord Corporation (NYSE: RXN) will hold a conference call and webcast presentation on Thursday, February 1, 2018 at 7:00 a.m. Central Time to discuss its third quarter fiscal year 2018 financial results, provide a general business update and respond to investor questions. Rexnord President and CEO Todd Adams and Senior Vice President and CFO Mark Peterson will co-host the call and webcast. The Rexnord Corporation financial report for the third quarter ended December 31, 2017 will be released after market close on Wednesday, January 31, 2018 via a filing with the SEC on Form 8-...

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Rexnord Corporation to Acquire Centa Power Transmission

Published: Mon, 08 Jan 2018 11:45:07 GMT

Expands into Adjacent Flexible Couplings Category; Adds Approximately $100 Million of Revenue MILWAUKEE--(BUSINESS WIRE)--Jan. 8, 2018-- Rexnord Corporation (NYSE: RXN) announced today that it has entered into a definitive agreement to acquire Centa Power Transmission (Centa Antriebe Kirschey GmbH), a leading manufacturer of premium flexible couplings and drive shafts for industrial, marine, rail and power generation applications. Subject to customary closing conditions, the transaction is expected to close by the end of February. “Centa is a business that we have long thought would be an outstanding fi...

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Rexnord Declares Dividend on Mandatory Convertible Preferred Stock

Published: Tue, 02 Jan 2018 22:05:24 GMT

MILWAUKEE--(BUSINESS WIRE)--Jan. 2, 2018-- Rexnord Corporation (NYSE:RXN) announced today that its Board of Directors declared a quarterly dividend to holders of the 5.75% Series A Mandatory Convertible Preferred Stock of $14.375 per share (which dividend corresponds to $0.71875 per depositary share), payable on February 15, 2018 to stockholders of record as of February 1, 2018. About Rexnord Headquartered in Milwaukee, Wisconsin, Rexnord is comprised of two strategic platforms, Process & Motion Control and Water Management, with approximately 8,000 employees worldwide. The Process & Motion Control ...

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Rexnord Corporation Completes Offering of $500 Million of 4.875% Senior Notes Due 2025 and Credit Agreement Amendment

Published: Thu, 07 Dec 2017 21:17:51 GMT

MILWAUKEE--(BUSINESS WIRE)--Dec. 7, 2017-- Rexnord Corporation (the “Company”) (NYSE: RXN) today announced the closing of its offering of $500 million aggregate principal amount of 4.875% senior notes due 2025 (the “notes”). The notes were issued by the Company’s wholly-owned, indirect subsidiaries RBS Global, Inc. and Rexnord LLC (the “issuers”) and guaranteed by the Company and the issuers’ domestic subsidiaries (subject to certain exceptions). The notes will pay interest semi-annually at a rate of 4.875% per year, on each June 15 and December 15, commencing on June 15, 2018, and will mature on December 15, 2025....

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Rexnord Corporation Announces Pricing of $500 Million of 4.875% Senior Notes due 2025

Published: Thu, 30 Nov 2017 22:29:25 GMT

MILWAUKEE--(BUSINESS WIRE)--Nov. 30, 2017-- Rexnord Corporation (the “Company”) (NYSE: RXN) today announced the pricing of its offering of $500 million aggregate principal amount of 4.875% senior notes (the “notes”). The notes will be issued by the Company’s wholly-owned, indirect subsidiaries RBS Global, Inc. and Rexnord LLC (the “issuers”) and guaranteed by the Company and the issuers’ domestic subsidiaries (subject to certain exceptions). The notes will pay interest semi-annually at a rate of 4.875% per annum, on each June 15 and December 15, commencing on June 15, 2018, and will mature on December 15, 2025. The closing, which...

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Rexnord Corporation Announces Offering of Senior Notes

Published: Tue, 28 Nov 2017 21:13:16 GMT

MILWAUKEE--(BUSINESS WIRE)--Nov. 28, 2017-- Rexnord Corporation (the “Company”) (NYSE: RXN) today announced its intention to commence an offering, subject to market conditions and other factors, of $500.0 million aggregate principal amount of senior notes. The notes will be issued by the Company’s wholly-owned, indirect subsidiaries RBS Global, Inc. and Rexnord LLC (the “issuers”) and guaranteed by the Company and the issuers’ domestic subsidiaries (subject to certain exceptions). The notes are to be offered and sold in a private offering exempt from the registration requirements of the Securities Act of 1933, as amended (the “Se...

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Rexnord Reports Q2 FY2018 Financial Results and Increases FY2018 Operating Outlook

Published: Wed, 01 Nov 2017 20:05:35 GMT

Call scheduled for Thursday, November 2, 2017 at 8:00 a.m. Eastern Time MILWAUKEE--(BUSINESS WIRE)--Nov. 1, 2017-- Rexnord Corporation (NYSE:RXN) Second Quarter Highlights Net sales were $511 million and up 4% year over year (+4% core sales(1), -1% RHF product line exit, +1% foreign currency translation). Diluted EPS was $0.23, compared with $0.24 in the year-ago quarter. Net income(2) was $24 million, compared with $25 million in the year-ago quarter. Adjusted EPS(1) was $0.32, compared with $0.38 in the year-ago quarter. ...

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Rexnord to Participate in Baird 2017 Global Industrial Conference

Published: Tue, 31 Oct 2017 14:46:33 GMT

MILWAUKEE--(BUSINESS WIRE)--Oct. 31, 2017-- Rexnord Corporation (NYSE: RXN) today announced that it will participate in the Baird 2017 Global Industrial Conference at the Four Seasons Hotel Chicago in Chicago, IL on November 7, 2017. About Rexnord Headquartered in Milwaukee, Wisconsin, Rexnord is comprised of two strategic platforms, Process & Motion Control and Water Management, with approximately 8,000 employees worldwide. The Process & Motion Control platform designs, manufactures, markets and services specified, highly-engineered mechanical components used within complex systems. The Water Manag...

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Rexnord Schedules Q2 FY2018 Earnings Release and Investor Conference Call

Published: Tue, 17 Oct 2017 15:12:16 GMT

MILWAUKEE--(BUSINESS WIRE)--Oct. 17, 2017-- Rexnord Corporation (NYSE: RXN) will hold a conference call and webcast presentation on Thursday, November 2, 2017 at 7:00 a.m. Central Time to discuss its second quarter fiscal year 2018 financial results, provide a general business update and respond to investor questions. Rexnord President and CEO Todd Adams and Senior Vice President and CFO Mark Peterson will co-host the call and webcast. The Rexnord Corporation financial report for the second quarter ended September 30, 2017 will be released after market close on Wednesday, November 1, 2017 via a filing with the SEC on Form...

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Rexnord Corporation Acquires World Dryer Corporation

Published: Mon, 09 Oct 2017 21:05:25 GMT

Expands Finished Plumbing Product Offering Into Adjacent Commercial Hand Drying Market MILWAUKEE--(BUSINESS WIRE)--Oct. 9, 2017-- Rexnord Corporation (NYSE: RXN) announced today that it acquired World Dryer Corporation. World Dryer is a leading global manufacturer of commercial electric hand dryers with the largest worldwide installed product base. World Dryer has annual sales of approximately $20 million, and will join Rexnord’s Zurn business. The combination of World Dryer’s eco-friendly hand dryers and Zurn’s water-efficient plumbing products is expected to bring even greater value to commercial building own...

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