We issued an updated research report on premium industrial goods company, Rexnord Corporation RXN, on Apr 15, 2016.Scopes of ImprovementRexnord's business diversification into mining, food & beverage, aerospace, non-residential construction and global water infrastructure end markets has expanded its growth opportunities over time.Moving ahead, accelerated demand from the non-residential construction markets of the U.S. will prove beneficial for the company. Also, growing demand for clean water and water infrastructure will boost the company’s water management business. The company is also poised to benefit from the aerospace industry, which offers attractive growth opportunities.Moreover, the company is trying to boost its top line and bottom line through meaningful acquisitions. Also, the company works tirelessly to boost its core business growth prospects and enhance profitability on the back of a strong relationship with customers and a solid product portfolio.Problems to ConsiderOf late, the company’s core sales growth has been diminishing due to weaknesses in the end markets and unfavorable foreign currency translations. Taking this into account, the company has lowered its adjusted earnings guidance to $1.37–$1.41 per share from $1.43–$1.48 projected earlier. Core sales are now anticipated to decline 2–3% as against a 1–3% decrease predicted earlier. Additionally, headwinds such as stiff competition in the industry and sudden economic slowdown in certain markets might adversely affect the company’s revenues and margins going forward. Zacks Rank and Stocks to ConsiderRexnord Corporation presently carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the industry include Emerson Electric Co. EMR, ESCO Technologies Inc. ESE and Regal Beloit Corporation RBC. All the three companies currently hold a Zacks Rank #2 (Buy).Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report ESCO TECH INC (ESE): Free Stock Analysis Report EMERSON ELEC CO (EMR): Free Stock Analysis Report REGAL BELOIT (RBC): Free Stock Analysis Report REXNORD CORP (RXN): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research