Regal Rexnord Q3 adj. EPS $2.66, raises FY adj. EPS guidance to $10.35-$10.75

REGAL REXNORD CORP

2022-Q3 EPS reported $5.76 revenue$3,973,200,000

GAAP diluted EPS $1.80; adjusted EPS $2.66 vs $2.88 PY; sales up 48% reported, 8% organic.
Adjusted EBITDA margin up 120 bps to 20.9%; price/cost positive; free cash flow conversion 93%.
FY 2022 adjusted EPS guidance raised to $10.35-$10.75 from $10.20-$10.80; GAAP EPS $7.15-$7.55.
Segment organic growth: Commercial Systems +11.5%, Industrial Systems +14.7%, MCS +3.6%, Climate +4.9%.
Backlog up ~70% vs start of 2021; book-to-bill >1.00 for 7 consecutive quarters.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

REGAL REXNORD CORP reported its third quarter ended September 30, 2022 results: EPS $1.80. Guidance raised.

Period: its third quarter ended September 30, 2022
EPS: $1.80
Guidance: raised
Result: reported results

Exact text from the filing

REGAL REXNORD CORPORATION REPORTS STRONG THIRD QUARTER 2022 FINANCIAL RESULTS BELOIT, WI - Regal Rexnord Corporation (NYSE: RRX) Third Quarter Highlights • Sales Up 48% Versus PY And Up 8% On An Organic Basis* • Daily Orders Down 3.6% In 3Q Versus PY On A Pro Forma, Constant Currency Basis • Backlog Up Nearly 70% Versus Beginning of 2021; Book-To-Bill Ratio Above 1.00 For Prior 7 Quarters, Averaging 1.10 In 2021 and 1.01 YTD In 2022 • Adjusted EBITDA Margin* Up 120 Basis Points Versus PY To 20.9%; Price/Cost Remained Positive • Adjusted Diluted EPS* Of $2.66 Versus $2.88 In PY; GAAP Diluted EPS Of $1.80 Versus $1.95 In PY

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REGAL REXNORD CORP filing history →

Source: SEC EDGAR

accession 0000082811-22-000177

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