Regal Rexnord Q2 adj EPS $2.56 beats; raises FY free cash flow to >$650M

REGAL REXNORD CORP

2023-Q2 EPS reported $0.39 revenue$2,992,700,000

Adjusted EBITDA $379.7M, up 34% YoY; margin expanded 50bps to 21.5%.
Power Efficiency Solutions sales fell 22.7% on HVAC weakness and destocking.
Free cash flow $176.3M; net debt to normalized adjusted EBITDA reduced to 3.86x.
FY 2023 adj EPS guidance midpoint lowered $0.25 to $10.20-$10.60; free cash flow view raised to over $650M.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

REGAL REXNORD CORP reported financial results for second quarter ended June 30, 2023.

Period: second quarter ended June 30, 2023
Result: reported results

Exact text from the filing

On July 31, 2023, Regal Rexnord Corporation (the "Company") issued a news release reporting the financial results of the Company for its second quarter ended June 30, 2023.

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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 0000082811-23-000150

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