secwatch.observer — SEC 8-K summary
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Issuer:     REGAL REXNORD CORP (RRX)
CIK:        0000082811
Form:       8-K
Filed at:   2023-11-02T23:59:59+00:00
Accession:  0000082811-23-000187
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Regal Rexnord Q3 adj EPS $2.10, cuts FY adjusted EPS to $9.05-$9.25, sells motors biz for $400M
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- GAAP diluted EPS -$2.10 (incl. $173.7M impairment); adjusted diluted EPS $2.10.
- FY2023 adjusted EPS guidance lowered to $9.05-$9.25 from $10.20-$10.60; free cash flow reaffirmed >$650M.
- Agreed to sell Industrial Motors & Generators for $400M; expected to be mix accretive to margins by >100bps.
- Pro forma organic sales down 8.5%; adjusted EBITDA margin 20.6%, down 10bps YoY on pro forma basis.
- Paid down $185M gross debt in Q3; net debt to normalized adj EBITDA 3.86x.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/82811/000008281123000187/0000082811-23-000187-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/82811/000008281123000187/rrx-20231101.htm
  HTML page:      https://secwatch.observer/filing/0000082811-23-000187

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