Rexnord Corp Raises FY 2014 Revenue Guidance; Raises Low End Of Prior FY 2014 EPS Guidance To A Range In Line With Analysts' Estimates; Issues Q2 2014 Guidance; EPS Guidance Below Analysts' Estimates

Wednesday, 31 Jul 2013 07:46am EDT 

Rexnord Corp announced that for fiscal 2014, it increasing core sales guidance to +2% to +4% and increasing the low end of adjusted EPS range by $0.02 resulting in EPS range of $1.12 to $1.18. For second quarter of 2014, it anticipate sales to be in the range of $510 million to $520 million and adjusted EPS in the range of $0.23 to $0.25. The Company reported revenue of $2.005 billion in fiscal 2013. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $2.065 billion and EPS of $1.12 for fiscal 2014; revenue of $510 million and EPS of $0.26 for second quarter of 2014. 

Company Quote

-0.16 -0.59%
21 Nov 2014