We’re excited about the market share growth opportunity in front of us based on the differentiated hygienic solutions we’ve developed that can fundamentally enhance the safety of customers, patients, students and employees. MILWAUKEE (AP) _ Rexnord Corp. (RXN) on Monday reported a fiscal first-quarter loss of $700,000, after reporting a profit in the same period a year earlier. Invested $15 million in September quarter, $96 million calendar year-to-date Maintaining capacity for strategic bolt-on acquisitions After COVID-related pause - on track in focused areas and targets Resilient performance creates opportunity Rexnord Corporation 4 This is an excerpt of the original content. The Milwaukee-based company said it had profit of 23 cents per share. In addition, certain of these expenses can represent the reduction of cash that could be used for other corporate purposes. PMC income from operations for the three months ended June 30, 2020 was $39.6 million, or 14.4% of net sales. Rexnord Corporation (NYSE:RXN) Mutual Fund Screener. We may also periodically refer to "underlying ROIC" which adjusts total invested capital by reversing the effects on our current capital structure of the 2006 leveraged buyout of the then privately-held Company by a separate private owner. Adjusted EBITDA has important limitations as an analytical tool, and you should not consider it in isolation, or as a substitute for, analysis of our results as reported under GAAP. In view of our debt level, it is also provided to aid investors in understanding our compliance with our debt covenants. The results topped Wall Street expectations. The Milwaukee-based company said it had profit of 37 cents per share. Adjusted Net Income and Adjusted Earnings Per Share. Earnings, adjusted for one-time gains and costs, came to 51 cents per share. Headquartered in Milwaukee, Wisconsin, Rexnord is comprised of two strategic platforms, Process & Motion Control and Water Management, with approximately 6,700 employees worldwide. ROIC is frequently used by analysts, investors and other interested parties in the evaluation of companies in our industry. Net debt leverage ratio unchanged at 1.9x. Transition fiscal year end to December 31 –will report 9-month interim period in 2020 Will also provide pro forma calendar-year-to-date results during 2020 Better align operating/valuation comparisons with broader peer sets and direct competitors 2. ROIC is used because we believe it is an important supplemental measure of financial performance and it is also currently a performance measure under our long-term incentive plan. WM net sales were $174.7 million during the three months ended June 30, 2020, which was 2% less than in the year-ago quarter. Fiscal year 2020 was the period from April 1, 2019, through March 31, 2020. Information in this release may involve outlook, expectations, beliefs, plans, intentions, strategies or other statements regarding the future, which are forward-looking statements. Adjusted EBITDA(1) for the three months ended June 30, 2020, was $59.4 million. To access the replay, please dial 855-859-2056 (domestic) or 404-537-3406 (international). A live webcast of the call will also be available on the Company's investor relations website. MILWAUKEE (AP) _ Rexnord Corp. (RXN) on Tuesday reported fiscal second-quarter earnings of $45.4 million. The replay will also be available as a webcast on Rexnord's investor relations website. MILWAUKEE (AP) _ Rexnord Corp. (RXN) on Tuesday reported fiscal first-quarter earnings of $35.6 million. Investing in stocks, such as Rexnord, is an excellent way to grow wealth. The results surpassed Wall Street expectations. 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