secwatch.observer — SEC 8-K summary
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Issuer:     REGAL REXNORD CORP (RRX)
CIK:        0000082811
Form:       8-K
Filed at:   2023-05-05T23:59:59+00:00
Accession:  0000082811-23-000089
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/82811/000008281123000089/0000082811-23-000089-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/82811/000008281123000089/rrx-20230504.htm
  HTML page:      https://secwatch.observer/filing/0000082811-23-000089

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer