Rexnord (NYSE: RXN) reported earnings on July 31. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended June 29 (Q1), Rexnord beat expectations on revenues and 0 on earnings per share.

Compared to the prior-year quarter, revenue increased slightly. Non-GAAP earnings per share grew. GAAP earnings per share expanded.

Gross margins contracted, operating margins shrank, net margins grew.

Revenue details
 Rexnord logged revenue of $508.7 million. The eight analysts polled by S&P Capital IQ wanted to see sales of $496.1 million on the same basis. GAAP reported sales were 3.1% higher than the prior-year quarter's $493.6 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures are normalized by S&P Capital IQ and may vary to maintain comparability with normalized estimates.

EPS details
 EPS came in at $0.24. The eight earnings estimates compiled by S&P Capital IQ forecast $0.20 per share. Non-GAAP EPS of $0.24 for Q1 were 9.1% higher than the prior-year quarter's $0.22 per share. (The prior-year quarter included -$0.02 per share in earnings from discontinued operations.) GAAP EPS were $0.14 for Q1 versus -$0.02 per share for the prior-year quarter.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures are normalized by S&P Capital IQ and may vary to maintain comparability with normalized estimates.

Margin details
 For the quarter, gross margin was 35.8%, 40 basis points worse than the prior-year quarter. Operating margin was 12.3%, 120 basis points worse than the prior-year quarter. Net margin was 2.7%, 310 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
 Next quarter's average estimate for revenue is $510.9 million. On the bottom line, the average EPS estimate is $0.27.

Next year's average estimate for revenue is $2.07 billion. The average EPS estimate is $1.13.

Investor sentiment

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Rexnord is outperform, with an average price target of $21.20.

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