REXNORD CORPORATION RXN Income Statement

Rexnord corporation (RXN)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11
Net sales
547,000	491,700	521,300	508,300	537,500	485,000	524,800	503,600	517,900	436,700	453,800	443,200	297,900	451,800	491,000	471,800	492,600	460,200	485,900	485,100	518,500	497,100	531,000	503,600	522,000	489,100	514,500	508,700	478,700	471,700	499,500	493,600	533,600	485,900	448,500	476,200
Cost of sales
330,500	300,000	313,100	306,700	335,700	300,700	321,600	308,100	319,200	266,600	280,200	279,100	163,900	298,800	317,000	306,400	324,800	301,900	316,600	315,300	329,000	315,600	334,000	325,400	323,500	307,900	322,700	326,800	295,300	303,800	312,900	314,900	334,300	321,400	289,100	309,300
Gross profit
216,500	191,700	208,200	201,600	201,800	184,300	203,200	195,500	198,700	170,100	173,600	164,100	134,000	153,000	174,000	165,400	167,800	158,300	169,300	169,800	189,500	181,500	197,000	178,200	198,500	181,200	191,800	181,900	183,400	167,900	186,600	178,700	199,300	164,500	159,400	166,900
Selling, general and administrative expenses
112,800	101,700	108,800	109,500	109,300	102,400	109,600	111,800	107,800	94,300	95,000	96,700	43,000	99,900	106,600	106,600	99,300	89,100	96,900	100,400	77,600	129,900	103,200	104,400	107,900	99,200	105,400	106,600	100,900	93,700	104,800	99,000	111,800	98,000	85,900	91,400
Zurn PEX loss contingency
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	10,100	0	0	0	0
Restructuring and other similar charges
6,600	3,600	2,100	3,200	2,700	2,600	3,700	3,100	5,800	3,200	2,800	2,300	4,400	11,700	4,400	5,600	24,200	6,100	2,700	1,900	5,800	2,300	1,400	3,400	3,600	1,800	1,200	1,800	2,300	2,300	2,400	1,600	4,100	2,700	0	0
Amortization of intangible assets
9,100	8,800	8,800	8,700	8,600	8,400	8,500	8,500	8,400	8,200	7,700	7,900	7,300	8,600	10,500	14,600	14,300	14,600	14,200	14,300	14,300	13,600	13,700	13,500	13,000	12,700	12,600	12,500	12,400	12,400	13,300	13,000	13,300	12,700	12,400	12,500
Income from operations
88,000	77,600	88,500	80,200	81,200	70,900	81,400	72,100	76,700	64,400	68,100	57,200	79,300	32,800	52,500	38,600	17,100	48,500	55,500	53,200	32,400	35,700	78,700	56,900	71,300	67,500	72,600	61,000	62,300	59,500	66,100	55,000	70,100	51,100	61,100	63,000
Non-operating (expense) income:
Interest expense, net
13,400	14,400	15,300	15,500	15,800	16,800	18,700	18,600	16,600	18,500	20,100	19,900	18,900	22,900	22,800	23,700	23,400	24,500	21,900	21,600	21,500	21,900	22,000	22,500	22,700	22,200	29,200	35,000	38,700	39,100	37,200	38,300	43,900	45,100	42,800	44,400
Gain (loss) on the extinguishment of debt
-	-2,200	3,200	-	-	5,000	0	-	-	-11,900	-	-	-	-7,800	-	-	-	0	-	-	-	-	-	-	0	0	-129,200	-4,000	0	-2,900	0	-21,100	-10,000	0	0	-700
Actuarial (loss) gain on pension and postretirement benefit obligations
-35,800	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on divestiture
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-6,900	-
Other (expense) income, net
-2,800	800	-300	-1,500	-4,900	1,600	0	1,700	1,600	900	900	1,000	3,500	-700	-700	-1,900	5,600	-1,100	-1,000	-400	1,800	-5,400	-2,300	-1,300	-4,800	-4,200	100	-6,200	-1,400	-2,200	200	500	3,700	-3,000	-7,600	-200
Income from continuing operations before income taxes
35,200	61,800	76,100	63,200	60,200	60,700	62,700	55,200	65,000	34,900	48,900	38,300	63,900	1,400	29,000	13,000	-700	22,900	32,600	31,200	12,700	8,400	54,400	33,100	43,800	41,100	-85,700	15,800	22,200	15,300	29,100	-3,900	20,400	3,000	3,800	17,700
(Provision) benefit for income taxes
6,400	13,400	19,500	14,800	12,600	9,100	17,200	14,500	7,000	-51,000	15,600	8,900	18,900	-1,800	4,400	-5,900	-1,500	-1,400	10,000	10,000	-23,000	1,700	16,600	21,500	8,500	12,500	-33,200	2,200	5,900	3,900	8,800	-3,200	5,800	-2,500	-400	6,500
Equity method investment income
-200	0	100	100	100	1,300	700	1,500	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income
28,600	48,400	56,700	46,700	47,300	25,100	-37,500	-600	-61,900	81,600	29,800	26,500	-	-	-	-	-600	24,300	22,600	21,200	32,200	2,200	37,800	11,600	39,900	28,600	-52,500	13,600	23,900	9,200	19,200	-2,200	-	-	-	-
Loss from discontinued operations, net of tax
0	0	0	-1,800	-400	-27,800	-83,700	-42,800	-119,900	-4,300	-3,500	-2,900	-	-	-	-	-	-	-	-	-3,200	-4,500	-700	400	-	-	-	-	7,600	-2,200	-1,100	-1,500	-	100	300	-
Net income from continuing operations
28,600	48,400	56,700	48,500	47,700	52,900	46,200	42,200	58,000	85,900	33,300	29,400	-	-	-	-	-	-	-	-	36,000	6,700	37,100	12,000	-	-	-	-	16,300	11,400	20,300	-700	-	5,500	4,200	-
Non-controlling interest income
100	-100	100	200	100	-300	100	100	100	0	0	0	-	-	-	-	-200	-100	0	-100	200	0	-100	-100	-100	-100	-200	-200	0	0	0	0	-	-	-	-
Net income attributable to Rexnord
28,500	48,500	56,600	46,500	47,200	25,400	-37,600	-700	-62,000	81,600	29,800	26,500	27,400	3,200	24,600	18,900	-400	24,400	22,600	21,300	32,300	2,200	37,200	12,100	40,000	28,700	-52,300	13,800	23,900	9,200	19,200	-2,200	8,600	5,600	4,500	11,200
Dividends on preferred stock
0	2,800	5,800	5,800	5,800	5,800	5,800	5,800	5,800	5,800	5,800	5,800	5,800	1,500	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income attributable to Rexnord common stockholders
28,500	45,700	50,800	40,700	41,400	19,600	-43,400	-6,500	-67,800	75,800	24,000	20,700	21,600	1,700	24,600	18,900	-	24,400	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Basic net income (loss) per share attributable to Rexnord common stockholders:
Continuing operations (in dollars per share)
0.23	0.40	0.48	0.40	0.40	0.45	0.39	0.35	0.50	0.77	0.26	0.23	-	-	-	-	-	-	0.23	0.21	0.35	0.07	0.37	0.11	0.36	0.29	-0.54	0.14	0.16	0.12	0.21	0.00	-	0.08	0.07	-
Discontinued operations (in dollars per share)
0.00	0.00	0.00	-0.02	0.00	-0.27	-0.80	-0.41	-1.16	-0.04	-0.03	-0.03	-	-	-	-	-	-	-	-	-0.03	-0.04	-0.01	0.00	-	-	-	-	0.08	-0.02	-0.01	-0.02	-	0.00	0.00	-
Net income (in dollars per share)
0.23	0.40	0.48	0.39	0.39	0.19	-0.42	-0.06	-0.65	0.73	0.23	0.20	0.20	0.02	0.24	0.19	-0.01	0.24	0.23	0.21	0.31	0.02	0.37	0.12	0.42	0.29	-0.54	0.14	0.24	0.10	0.20	-0.02	0.13	0.08	0.07	0.17
Diluted net income (loss) per share attributable to Rexnord common stockholders:
Continuing operations (in dollars per share)
0.23	0.39	0.46	0.39	0.39	0.43	0.37	0.34	0.51	0.70	0.26	0.22	-	-	-	-	-	-	0.22	0.20	0.35	0.06	0.36	0.11	0.37	0.28	-0.54	0.14	0.16	0.11	0.20	0.00	-	0.08	0.06	-
Discontinued operations (in dollars per share)
0.00	0.00	0.00	-0.01	0.00	-0.23	-0.68	-0.40	-0.97	-0.04	-0.03	-0.03	-	-	-	-	-	-	-	-	-0.03	-0.04	-0.01	0.00	-	-	-	-	0.08	-0.02	-0.01	-0.02	-	0.00	0.00	-
Net income (in dollars per share)
0.23	0.39	0.46	0.38	0.38	0.21	-0.30	-0.06	-0.48	0.67	0.23	0.20	0.20	0.02	0.24	0.18	0.00	0.24	0.22	0.20	0.30	0.02	0.36	0.12	0.42	0.28	-0.54	0.14	0.24	0.09	0.19	-0.02	0.12	0.08	0.06	0.16
Weighted-average number of common shares outstanding (in thousands):
Basic (in shares)
122,039	113,448	106,007	105,262	104,875	104,777	104,570	104,338	104,086	103,964	103,812	103,694	103,486	103,113	102,728	101,685	101,236	100,366	100,353	101,409	101,739	101,695	101,451	101,235	99,883	97,843	97,457	97,237	97,117	96,789	95,878	94,104	66,832	66,724	66,724	66,724
Effect of dilutive equity options (in shares)
3,746	10,235	17,913	18,402	34,878	18,268	18,806	2,804	-	-	-	1,538	-	-	1,880	2,491	1,981	2,410	2,527	2,958	3,145	3,090	3,259	3,294	6,343	3,317	0	3,192	8,219	3,489	3,868	0	5,550	5,491	5,499	4,716
Diluted (in shares)
125,785	123,683	123,920	123,664	139,753	123,045	123,376	107,142	155,147	122,017	105,540	105,232	105,794	104,558	104,608	104,176	103,217	102,776	102,880	104,367	104,884	104,785	104,710	104,529	106,226	101,160	97,457	100,429	105,336	100,278	99,746	94,104	72,382	72,215	72,223	71,440