secwatch.observer — SEC 8-K summary
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Issuer:     REGAL REXNORD CORP (RRX)
CIK:        0000082811
Form:       8-K
Filed at:   2024-08-01T23:59:59+00:00
Accession:  0000082811-24-000161
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Regal Rexnord reports Q2 adjusted EPS $2.29, revenue $1.55B; cuts FY adjusted EPS guidance to $9.40-$9.80
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- GAAP diluted EPS $0.94, adjusted diluted EPS $2.29; revenue $1,547.6M down 12.5% YoY.
- Organic sales (ex-Industrial) down 7.0%; adjusted EBITDA margin ex-Industrial 22.2%, down 50 bps.
- FY 2024 adjusted EPS guidance lowered to $9.40-$9.80 from $9.60-$10.40; GAAP EPS $3.70-$4.10 from $3.97-$4.77.
- Paid down $480.9M gross debt in Q2; net debt/adj. EBITDA ~3.6x; on track for ~$900M debt paydown in year.
- Orders inflected positive in Q2; Investor Day set for Sept 17, 2024 in NYC.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/82811/000008281124000161/0000082811-24-000161-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/82811/000008281124000161/rrx-20240731.htm
  HTML page:      https://secwatch.observer/filing/0000082811-24-000161

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