- Net sales increased 11% from the prior year second quarter to $500 million (+2% core sales, +11% acquisitions/divestitures, -2% foreign currency translation).
- Adjusted net income increased 50% from the prior year to $24 million; reported net income from continuing operations increased to $20 million compared to $4 million in the prior year.
- Adjusted EBITDA increased 11% from the prior year to $101 million or 20.1% of net sales.
- Adjusted earnings per share was $0.24; reported diluted earnings per share was $0.19.
- Total liquidity was $759 million ($440 million of cash plus $319 million of available borrowings).
Rexnord Corporation Reports Second Quarter Results For Fiscal 2013
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