Regal Rexnord completes Altra acquisition, reveals pro forma Q1 2023 net loss of $29M

REGAL REXNORD CORP

Acquired Altra for $62.00/share cash; transaction closed March 27, 2023.
Issued $4.7B total debt: four tranches of Senior Notes ($1.1B-$1.25B each) plus $840M term loan.
Pro forma combined Q1 2023 net sales $1,675M; net loss attributable to common $29.3M; diluted EPS $(0.44).
Pro forma combined FY2022 net income $219M; diluted EPS $3.26; net sales $7,163M.
Preliminary purchase price allocation subject to change; goodwill expected.

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