Regal Rexnord Q1 GAAP EPS ($0.09), adj. EPS $2.22; closes Altra deal, updates guidance

REGAL REXNORD CORP

2023-Q1 EPS reported -$0.09 revenue$1,224,100,000

Closed Altra acquisition; expects $160M in cost synergies; results in line with expectations.
GAAP diluted EPS ($0.09); adjusted diluted EPS $2.22; free cash flow $174.4M.
2023 guidance: GAAP EPS $2.74-$3.64 (down); adj. EPS $10.20-$11.10 (up), with Altra adding $0.15-$0.25.
AMC organic sales +11.7% YoY; PES organic sales -15.9% on pool/HVAC weakness.
Net debt to normalized adjusted EBITDA 3.96x; organic orders down 9% YoY, better than expected.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

REGAL REXNORD CORP reported first quarter ended March 31, 2023 results: EPS ($0.09). Guidance raised.

Period: first quarter ended March 31, 2023
EPS: ($0.09)
Guidance: raised
Result: reported results

Exact text from the filing

• GAAP Diluted EPS Of ($0.09) And Adjusted Diluted EPS* Of $2.22

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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 0000082811-23-000089

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