secwatch.observer — SEC 8-K summary
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Issuer:     REGAL REXNORD CORP (RRX)
CIK:        0000082811
Form:       8-K
Filed at:   2024-05-07T23:59:59+00:00
Accession:  0000082811-24-000086
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Regal Rexnord Q1 Adj EPS $2.00, revenue $1.55B, closes Industrial Systems sale, updates FY guidance
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- GAAP Diluted EPS $0.30, Adjusted Diluted EPS $2.00; revenue $1,547.7M (up 26.4% YoY, down 7.5% pro forma organic).
- Adjusted EBITDA $317.4M, margin 20.5% (+100 bps pro forma YoY). Synergies $26M, on track for $90M in 2024.
- Closed sale of Industrial Systems business; net proceeds to reduce debt. Paid down $135M gross debt in Q1.
- FY2024 guidance: GAAP EPS $3.97-$4.77, Adjusted EPS $9.60-$10.40. Adj. free cash flow target $700M; Q1 generated $64.6M.
- Segment organic sales: AMC -4.5%, IPS -1.0%, PES -17.8% (weak North America HVAC), Industrial Systems sold.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/82811/000008281124000086/0000082811-24-000086-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/82811/000008281124000086/rrx-20240506.htm
  HTML page:      https://secwatch.observer/filing/0000082811-24-000086

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer