Regal Rexnord Q4 adjusted EPS $2.28, organic sales -6.9%; 2024 adj EPS guide $9.75-$10.55

REGAL REXNORD CORP

2023-FY EPS reported -$0.87 revenue$6,250,700,000

Q4 GAAP diluted EPS $0.84, adjusted diluted EPS $2.28; reported sales +29.2%, pro forma organic -6.9%.
Full-year 2023 record adjusted free cash flow $683.1M; paid down $116.7M gross debt; net debt/Adjusted EBITDA 3.80x.
Achieved $65M M&A synergies in 2023; on track for $90M in 2024; early synergies offset end market headwinds.
2024 adjusted EPS guidance $9.75-$10.55, organic sales slightly down, adjusted EBITDA margin ~22%.
Power Efficiency Solutions segment sales -16% organic; Industrial Systems -12% organic; both remain weak.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

REGAL REXNORD CORP reported 2024 results: EPS GAAP Diluted EPS In A Range Of $4.58 To $5.38 And Adjusted Diluted EPS In A Range Of $9.75 To $10.55. Guidance initiated.

Period: 2024
EPS: GAAP Diluted EPS In A Range Of $4.58 To $5.38 And Adjusted Diluted EPS In A Range Of $9.75 To $10.55
Guidance: initiated
Result: guidance update

Exact text from the filing

Introducing Guidance For 2024 GAAP Diluted EPS In A Range Of $4.58 To $5.38 And For Adjusted Diluted EPS In A Range Of $9.75 To $10.55

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

REGAL REXNORD CORP reported fourth quarter ended December 31, 2023 results: net income $56.6 million, EPS $0.84.

Period: fourth quarter ended December 31, 2023
Net income: $56.6 million
EPS: $0.84
Result: reported results

Exact text from the filing

Fourth Quarter Highlights • GAAP Diluted EPS Of $0.84 And Adjusted Diluted EPS* Of $2.28, Delivering On Prior Commitments • Strong Adjusted Free Cash Flow* Of $170.9 Million • Paid Down $116.7 Million Of Gross Debt; Net Debt Declined By $153.2 Million; Net Debt To Pro Forma Adjusted EBITDA (Including Synergies)* Is Now 3.80 • Sales Up 29.2% Versus PY, Down 6.9% On A Pro Forma Organic Basis* • GAAP Net Income Decreased $46.1 Million Versus PY To $56.6 Million • Adjusted EBITDA* Of $346.5 Million • Adjusted EBITDA Margin* Of 21.5% Up 40 Basis Points Versus PY On A Pro Forma Basis* As Synergies And 80/20 More Than Offset End Market Volume Headwinds

View on SEC.gov

6 earnings releases filed in the last 30 days. Browse all earnings releases →

REGAL REXNORD CORP filing history →

Source: SEC EDGAR

accession 0000082811-24-000023

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.