| Mar'20 | Mar'19 | Mar'18 | Mar'17 | Mar'16 | Mar'15 | Mar'14 | Mar'13 | Mar'12 | Mar'11 | Mar'10 |
|---|---|---|---|---|---|---|---|---|---|---|
Net sales | ||||||||||
2,068,300 | 2,050,900 | 1,851,600 | 1,712,500 | 1,923,800 | 2,050,200 | 2,034,300 | 1,943,500 | 1,944,200 | 1,674,900 | 1,510,000 |
Cost of sales | ||||||||||
1,250,300 | 1,266,100 | 1,145,100 | 1,086,100 | 1,258,600 | 1,304,000 | 1,280,900 | 1,226,900 | 1,254,100 | 1,082,400 | 994,400 |
Gross profit | ||||||||||
818,000 | 784,800 | 706,500 | 626,400 | 665,200 | 746,200 | 753,400 | 716,600 | 690,100 | 592,500 | 515,600 |
Selling, general and administrative expenses | ||||||||||
432,800 | 433,100 | 393,800 | 356,100 | 385,700 | 415,100 | 419,100 | 398,400 | 387,100 | 326,700 | 297,700 |
Zurn PEX loss contingency | ||||||||||
- | - | - | - | - | - | - | 10,100 | 0 | 0 | - |
Restructuring and other similar charges | ||||||||||
15,500 | 12,100 | 14,100 | 26,100 | 34,900 | 12,900 | 8,400 | 8,600 | 6,800 | 0 | 6,800 |
Amortization of intangible assets | ||||||||||
35,400 | 34,000 | 32,200 | 41,000 | 57,400 | 55,100 | 50,800 | 51,100 | 50,900 | 48,600 | 49,700 |
Goodwill impairment | ||||||||||
- | - | - | - | 0 | - | - | - | - | - | - |
Income from operations | ||||||||||
334,300 | 305,600 | 266,400 | 203,200 | 174,300 | 203,700 | 272,400 | 242,900 | 245,300 | 217,200 | 161,400 |
Non-operating (expense) income: | ||||||||||
Interest expense, net | ||||||||||
58,600 | 69,900 | 75,100 | 88,300 | 91,400 | 87,900 | 109,100 | 153,300 | 176,200 | 180,800 | 194,200 |
Gain (loss) on the extinguishment of debt | ||||||||||
1,000 | 4,300 | -11,900 | -7,800 | 0 | 0 | -133,200 | -24,000 | -10,700 | -100,800 | 167,800 |
Actuarial (loss) gain on pension and postretirement benefit obligations | ||||||||||
-36,600 | 400 | 3,300 | - | -12,900 | -59,400 | -2,700 | -5,500 | - | - | - |
Loss on divestiture | ||||||||||
- | - | - | - | - | - | - | - | -6,400 | 0 | 0 |
Other (expense) income, net | ||||||||||
-3,800 | -1,600 | 4,400 | 200 | 3,100 | -7,200 | -15,100 | -2,900 | -7,100 | 1,100 | -16,400 |
Income from continuing operations before income taxes | ||||||||||
236,300 | 238,800 | 187,100 | 107,300 | 86,000 | 108,600 | 15,000 | 62,700 | 44,900 | -63,300 | 118,600 |
(Provision) benefit for income taxes | ||||||||||
54,100 | 53,400 | -19,500 | 15,600 | 17,100 | 16,800 | -10,000 | 15,400 | 9,400 | -10,200 | 30,500 |
Equity method investment income | ||||||||||
0 | 3,600 | 0 | 0 | - | - | - | - | - | - | - |
Net income | ||||||||||
180,400 | 34,300 | 76,000 | 74,100 | 67,500 | 83,800 | 29,600 | 50,100 | 29,900 | - | - |
Loss from discontinued operations, net of tax | ||||||||||
-1,800 | -154,700 | -130,600 | -17,600 | -1,400 | -8,000 | 4,600 | 2,800 | -5,600 | 1,800 | - |
Net income from continuing operations | ||||||||||
182,200 | 189,000 | 206,600 | 91,700 | 68,900 | 91,800 | 25,000 | 47,300 | 35,500 | -53,100 | - |
Non-controlling interest income | ||||||||||
300 | 0 | 100 | 0 | -400 | 0 | -600 | 0 | 0 | - | - |
Net income attributable to Rexnord | ||||||||||
180,100 | 34,300 | 75,900 | 74,100 | 67,900 | 83,800 | 30,200 | 50,100 | 29,900 | -51,300 | 88,100 |
Dividends on preferred stock | ||||||||||
14,400 | 23,200 | 23,200 | 7,300 | 0 | 0 | - | - | - | - | - |
Net income attributable to Rexnord common stockholders | ||||||||||
165,700 | 11,100 | 52,700 | 66,800 | 67,900 | 83,800 | - | - | - | - | - |
Basic net income (loss) per share attributable to Rexnord common stockholders: | ||||||||||
Continuing operations (in dollars per share) | ||||||||||
1.50 | 1.58 | 1.76 | 0.82 | 0.69 | 0.90 | 0.25 | 0.49 | 0.53 | -0.80 | - |
Discontinued operations (in dollars per share) | ||||||||||
-0.02 | -1.48 | -1.26 | -0.17 | -0.01 | -0.08 | 0.05 | 0.03 | -0.08 | 0.03 | - |
Net income (in dollars per share) | ||||||||||
1.48 | 0.11 | 0.51 | 0.65 | 0.67 | 0.82 | 0.31 | 0.52 | 0.45 | -0.77 | 1.32 |
Diluted net income (loss) per share attributable to Rexnord common stockholders: | ||||||||||
Continuing operations (in dollars per share) | ||||||||||
1.46 | 1.53 | 1.69 | 0.81 | 0.67 | 0.88 | 0.25 | 0.47 | 0.50 | -0.80 | - |
Discontinued operations (in dollars per share) | ||||||||||
-0.01 | -1.25 | -1.07 | -0.17 | -0.01 | -0.08 | 0.05 | 0.03 | -0.08 | 0.03 | - |
Net income (in dollars per share) | ||||||||||
1.45 | 0.28 | 0.62 | 0.64 | 0.66 | 0.80 | 0.30 | 0.50 | 0.42 | -0.77 | 1.27 |
Weighted-average number of common shares outstanding (in thousands): | ||||||||||
Basic (in shares) | ||||||||||
111,689 | 104,640 | 103,889 | 102,753 | 100,841 | 101,530 | 98,105 | 95,972 | 66,751 | 66,757 | 66,753 |
Effect of dilutive equity options (in shares) | ||||||||||
12,574 | 18,689 | 18,095 | 2,031 | 2,469 | 3,197 | 3,213 | 3,894 | 5,314 | 0 | 2,410,000 |
Diluted (in shares) | ||||||||||
124,263 | 123,329 | 121,984 | 104,784 | 103,310 | 104,727 | 101,318 | 99,866 | 72,065 | 66,757 | 69,163 |