What analyst predict for Rexnord Corporation NYSE:RXN ?
Rexnord Corporation NYSE:RXN headquartered in Milwaukee, Wisconsin, United States is reporting their earnings on 05/14/2018 before the bell. Street forecast for the quarter ending March 2018 is $0.39.
According to stock market daily analyst this is Lower then same time previous year. Rexnord Corporation reported EPS for the same quarter last year was $0.35.
Overview of Rexnord Corporation NYSE:RXN
The company was established in Milwaukee, Wisconsin by inventor Christopher W. LeValley, who also went by C.W. Levalley, and two foundry operators, that provided him with $11,000.00 in starting capital,F.W. Sivyer and W.A. Draves.It was incorporated on February 20, 1892.The company applied the concept of chain belts on farm machinery to construction machinery and conveying equipment. Its building was formerly owned by Alonzo Pawling and Henry Harnischfeger of Pawling & Harnischfeger,which eventually became Harnischfeger Corporation.
In the 1890s the company manufactured chain-driven material handling conveyors and bucket elevators for Milwaukee breweries such as the Joseph Schlitz Brewing Company. By 1894 the company began to develop international markets, exporting chains to Europe and opening a sales office in England.
By 1913 annual sales reached $1 million. At that time the company’s products were organized into three major divisions: chain products for power transmission; chain-driven construction machinery; and chain-powered bulk conveying equipment.
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