Regal Rexnord Q4 GAAP EPS $1.53 vs ($0.05) YoY; adj EPS $2.64; sales up 2%

REGAL REXNORD CORP

2022-FY EPS reported $7.29 revenue$5,217,900,000

Q4 GAAP net income $102.7M vs ($1.9M) YoY; adjusted diluted EPS $2.64 vs $2.16.
Organic sales up 4%; adjusted EBITDA margin +310 bps to 22.0%; backlog up 45% vs 2021 start.
Announced acquisition of Altra Industrial Motion; $4.7B bond offering 4x oversubscribed; on track for 1H23 close.
Full-year 2022 GAAP EPS $7.29; adj EPS $10.75; introduces 2023 adj EPS guidance $10.05-$10.85.
Strategic review of motors & generators in Industrial Systems; free cash flow conversion 165%.

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 0.95

REGAL REXNORD CORP reported fourth quarter ended December 31, 2022 results: net income GAAP Net Income Increased $104.6 Million Versus PY To $102.7 Million, EPS GAAP Diluted EPS Of $1.53 Versus ($0.05) In PY.

Period: fourth quarter ended December 31, 2022
Net income: GAAP Net Income Increased $104.6 Million Versus PY To $102.7 Million
EPS: GAAP Diluted EPS Of $1.53 Versus ($0.05) In PY
Result: reported results

Exact text from the filing

On February 1, 2023, Regal Rexnord Corporation (the "Company") issued a news release reporting the financial results of the Company for its fourth quarter ended December 31, 2022.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

REGAL REXNORD CORP reported full year ended December 31, 2022 results: net income GAAP Net Income Increased $259.1 Million Versus PY To $494.9 Million, EPS GAAP Diluted EPS Of $7.29 Versus $4.81 In PY.

Period: full year ended December 31, 2022
Net income: GAAP Net Income Increased $259.1 Million Versus PY To $494.9 Million
EPS: GAAP Diluted EPS Of $7.29 Versus $4.81 In PY
Result: reported results

Exact text from the filing

Full Year 2022 Highlights • Sales Up 37% Versus PY And Up 9% On An Organic Basis • GAAP Net Income Increased $259.1 Million Versus PY To $494.9 Million; Adjusted EBITDA Margin Up 230 Basis Points Versus PY To 21.3% • GAAP Diluted EPS Of $7.29 Versus $4.81 In PY; Adjusted Diluted EPS Of $10.75 Versus $9.84 In PY

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

REGAL REXNORD CORP reported fiscal year 2023 results: EPS GAAP diluted earnings per share in a range of $5.64 to $6.44. Guidance initiated.

Period: fiscal year 2023
EPS: GAAP diluted earnings per share in a range of $5.64 to $6.44
Guidance: initiated
Result: guidance update

Exact text from the filing

The Company is introducing 2023 annual guidance for GAAP diluted earnings per share in a range of $5.64 to $6.44 and for adjusted diluted earnings per share in a range of $10.05 to $10.85.

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6 earnings releases filed in the last 30 days. Browse all earnings releases →

REGAL REXNORD CORP filing history →

Source: SEC EDGAR

accession 0000082811-23-000023

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