RXN
Rexnord Corporation
Industrial/Transportation
12/15/2014
Presented
| Date | 12/11/2014 |
| Price | $26.66 |
| Market Cap | $2.63B |
| Ent Value | $4.31B |
| P/E Ratio | 89.1x |
| Book Value | $5.83 |
| Div Yield | 0% |
| Shares O/S | 101.69M |
| Ave Daily Vol | 820,000 |
| Short Int | 3.10% |
Current
| Price | $36.66 |
| Market Cap | $6.27B |
| Rexnord Corporation designs, manufactures, markets, and services process and motion control, and water management products worldwide. The company operates through two segments, Process & Motion Control Platform and Water Management Platform. The Process & Motion Control Platform segment designs, manufactures, markets, and services mechanical components used in complex systems. It offers gears, couplings, industrial bearings, aerospace bearings and seals, chains, engineered chains, and conveying equipment under the brand names of Steelflex, Thomas, Omega, Rex, Viva, Wrapflex, Lifelign, True Torque, Addax, Autogard, FlatTop, PSI, Cartriseal, Precision Gear, Micro Precision, Rexnord, Falk, and Link-Belt. This segment offers its products through distributors to mining, general industrial, cement and aggregates, agriculture, forest and wood products, petrochemical, energy, food and beverage, aerospace, and wind energy markets. The Water Management Platform segment designs, procures, manufactures, and markets products that provide and enhance water quality, safety, flow control, and conservation. It offers specification drainage products, flush valves and faucet products, backflow prevention pressure release valves, PEX piping used in nonresidential construction end-markets, and engineered valves and gates for the water and wastewater treatment market under the brand names of Zurn, Wilkins, VAG, GA, Rodney Hunt, and Fontaine. This segment sells its products through independent sales representatives, sales agencies, and direct sales and marketing associates in 49 countries. Rexnord Corporation was incorporated in 2006 and is headquartered in Milwaukee, Wisconsin. |
Publicly traded companies mentioned herein: Apollo Global Management LLC (APO), Danaher Corporation (DHR), Rexnord Corp (RXN)
Highlights
Seemingly everything that could go wrong for Rexnord Corp (RXN) following its 2012 IPO, did go wrong. The maker of gears, seals, couplings, industrial and aerospace bearings, and other water treatment products was supposed to be a “mini Danaher” but missed earnings expectations in its first quarter following the IPO, and then - while still under the control of Apollo - was evaluating a sale of the company (or other strategic action; February 2013) and nothing happened. The presenter said that after five secondary offerings and a cessation of its M&A activity, RXN appears to be back on track and he is long the stock.
◆Signing up and creating account with us unlocks this content for you. Contact us today for full access to DeMatteo Research and more.
◆Signing up and creating account with us unlocks this content for you. Contact us today for full access to DeMatteo Research and more.