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Date: 2013-08-01

Rexnord LLC Reports Second Quarter Results for Fiscal 2010

Rexnord LLC today announced second quarter fiscal 2010 results.

Second Quarter Highlights
Second quarter sales were $370 million, a decline of $141 million, or 28%, compared with the prior year second quarter; second quarter consolidated core sales contracted by 25% compared to the 2009 second quarter. Second quarter income from operations was $38 million, or 10.3% of sales, and included $0.8 million of restructuring expenses and $5.9 million of pension expense. Second quarter Adjusted EBITDA was $69 million (which included $5.9 million of pension expense), or 18.6% of sales. This compares to Adjusted EBITDA of $102 million (which included $2.4 million of pension income), or 19.9% of sales, in the second quarter of fiscal 2009. Second quarter free cash flow was $26 million, bringing fiscal year-to-date free cash flow to $71 million. Net debt leverage ratio at September 26, 2009 was 6.4x. Senior secured leverage ratio was 1.85 to 1.0 at September 26, 2009. Total liquidity (cash plus available borrowings) at September 26, 2009 was $431 million. Todd Adams, Rexnord


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