M&A
confidence high
sentiment neutral
materiality 0.70
Regal Rexnord files 8-K with pro forma financials for Altra acquisition
REGAL REXNORD CORP
- Disclosed pro forma net sales of $1,768.6M for Q2 2023, with adjusted EBITDA margin of 21.5%
- Pro forma organic sales declined 5.7% in Q2 2023 vs Q2 2022, with Power Efficiency Solutions down 22.2%
- Acquisition of Altra Industrial Motion Corp closed; pro forma adjustments include inventory step-up of $44.1M and transaction costs of $11.3M in Q2 2023
- Segment data shows Automation & Motion Control pro forma adjusted EBITDA margin of 25.3% for Q2 2023
- Filing includes historical pro forma results for periods from 2021 to 2023