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BRIEF-Rexnord Reports September Quarter 2020 Financial Results
2020-10-28 05:15
Oct 27 (Reuters) - Rexnord Corp :
* REXNORD REPORTS SEPTEMBER QUARTER 2020 FINANCIAL RESULTS
* QUARTERLY ADJUSTED EARNINGS PER SHARE $0.47
* QUARTERLY SALES $494 MILLION
* QUARTERLY EARNINGS PER SHARE $0.37 FROM CONTINUING OPERATIONS
* AS WE LOOK AHEAD TO 2021, WE EXPECT TO REALIZE FIRST $12 MILLION TO $14 MILLION OF STRUCTURAL COST SAVINGS
* EXPECT CORE SALES TO DECLINE BETWEEN 7% AND 11% IN DEC QUARTER
* Q3 EARNINGS PER SHARE VIEW $0.37, REVENUE VIEW $466.9 MILLION -- REFINITIV IBES DATA
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