In a preliminary results announcement, Milwaukee, WI-based power transmission and water management manufacturer Rexnord LLC announced sales in the fourth quarter ended March 31, 2010, were $407 million, a 6% decrease over the prior-year quarter.
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Sales for fiscal 2010 were $1.51 billion, a 20% decline from 2009.
The company expects fiscal year 2010 income from operations to be within the range of $154 million to $157 million, which includes $7 million of restructuring expense and $19 million of pension expense.
Rexnord will file a more detailed release on its fourth-quarter and fiscal 2010 results in late May 2010.
