Rexnord Corporation (RXN)
Rexnord Corporation operates in the Regulated Water industry of the Utilities sector, headquartered in Milwaukee, WI, US. The stock last traded at $64.95, up 0.90% on the session, giving a market capitalisation of $11.44B. On trailing twelve-month figures it carries a trailing P/E of 39.85, a net margin of 15.6%. Its beta of 1.38 implies it has historically moved more than the broad market.
Rexnord Corporation is a global enterprise dedicated to the design, production, and sale of industrial process and motion control solutions, as well as water management technologies. The company strategically organizes its operations into two primary divisions: the Process & Motion Control Platform and the Water Management Platform. Within its Process & Motion Control segment, Rexnord delivers a comprehensive suite of products. These include various conveying systems such as tabletop chains and their accessories, metal conveying systems, and engineered woven metals. It also manufactures gearing, gear drives, general conveying apparatus, industrial chains, and custom-designed assemblies. Furthermore, this division specializes in bespoke, application-specific miniature gearboxes and advanced motion control components, catering to critical sectors like aerospace, defense, medical equipment, robotics, semiconductor fabrication, instrumentation, and satellite communications. Its offerings extend to shaft management products, encompassing industrial couplings, torque limiters, electromagnetic clutches and brakes, bearings, and shaft locking mechanisms. Additionally, Rexnord supplies specialized aerospace components vital for door systems, engine accessories and controls, engine mounts, flight control mechanisms, gearboxes, landing gear, and rotor pitch controls. The Water Management platform focuses on products such as valves, distribution and drainage systems, and site work essentials. This includes innovative water conservation and finish plumbing products, alongside commercial electric hand dryers. Rexnord's extensive product portfolio reaches a diverse customer base globally through various channels, including distribution partners, independent sales representatives, plumbing wholesalers, specialized industry distributors, and sales agencies. Its clientele spans key markets like commercial, institutional, infrastructure, and residential construction, in addition to serving original equipment manufacturers (OEMs) and direct end-users. The company markets its solutions under a wide array of well-known brand names, such as Rexnord, Rex, Addax, Euroflex, Falk, FlatTop, Cambridge, Link-Belt, Omega, PSI, Shafer, Stearns, Highfield, Thomas, Centa, Tollok, Zurn, Wilkins, Green Turtle, World Dryer, JUST, Aquaflush, AquaSense, AquaVantage, AquaSpec, EcoVantage, Zurn One, and Zurn One Systems. Established in 2006, Rexnord Corporation maintains its corporate headquarters in Milwaukee, Wisconsin.
Rexnord Corporation is most often compared with the following Utilities names: