Rexnord Corporation reported better-than-expected bottom-line results for third-quarter fiscal 2017 (ended Dec 31, 2016). Adjusted earnings came in at $0.25 per share, roughly 4.2% above the Zacks Consensus Estimate of $0.24. However, the bottom line fell nearly 40.5% from the year-ago tally of 42 cents. Net sales in the quarter were $451.8 million, below the Zacks Consensus Estimate of $458.5 million. Also, the results fell nearly 1.8% year over year due to core sales decline of 5% and 1% adverse impact of unfavorable foreign currency translations. This was partially offset by 4% positive impacts of acquisition/divestiture gains. In fourth-quarter fiscal 2016, the company announced its decision to exit its non-strategic RHF product line. The operations of the RHF product line were included within Rexnord's Water Management platform. Excluding revenues of $2.4 million generated from this business, the quarter's adjusted revenues were $449.4 million.