Rexnord LLC, Milwaukee, WI, diversified manufacturer in power transmission and water management products, reported sales for the second quarter ended Sept. 29, 2007, were $453.9 million, an increase of 52.3% over the prior-year period.
Organic growth was 8.6%. Power transmission sales were up 9.3% to $325.9 million, an increase of $25.9 million. The Water Management platform accounted for $128 million of Rexnord’s year-over-year growth.
Rexnord attributed growth in the PT sector to strength in end markets of mining, energy, aggregates and aerospace. Foreign currency fluctuations also favorably impacted sales by $7 million during the quarter as the Euro and Canadian dollar strengthened against the U.S. dollar compared to the prior year.
Sales in the first six …
