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Rexnord Corporation

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Rexnord has the potential to expand its businesses by leveraging the accelerated demand from non-residential construction markets in the U.S. Also, the company anticipates reaping benefits from its recently acquired Cambridge International assets and divested Rodney Hunt Fontaine (RHF) product line. In first-quarter fiscal 2017, the company's earnings of $0.35 exceeded the Zacks Consensus Estimate by 16.7% and revenues of $471.8 million surpassed estimates by 2.6%. For fiscal 2017, the company reiterated its adjusted earnings guidance at $1.47-$1.57 per share range and core sales growth range at (2%)-1%. Despite these positives, the company's exposure to headwinds such as unfavorable currency fluctuations and extensive industry rivalry might weight on the company's top and bottom line.

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