Rexnord Corporation reported its financial results for the third quarter of fiscal year 2020. Net sales increased 1% year-over-year to $492 million, with core growth of 1%. Adjusted EBITDA increased 4% to $107 million. For water management, net sales grew 4% and adjusted EBITDA rose 5%. Process and motion control saw flat net sales and a 2% increase in adjusted EBITDA. For fiscal year 2020, the company expects core sales growth in the low single digits, adjusted EBITDA of $460-464 million, and free cash flow to exceed net income.