secwatch.observer — SEC 8-K summary
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Issuer:     REGAL REXNORD CORP (RRX)
CIK:        0000082811
Form:       8-K
Filed at:   2024-11-05T23:59:59+00:00
Accession:  0000082811-24-000208
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Regal Rexnord reports Q3 adjusted EPS up 18.6% but cuts full-year guidance on weak demand
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- GAAP EPS $1.09; adjusted EPS $2.49, up 18.6% YoY. Sales $1,477.4M, down 10.4% overall, organic -2.7%.
- Record adjusted gross margin 38.4%, adjusted EBITDA margin 22.8% (up 110 bps). Adjusted EBITDA $337M.
- Guidance lowered: 2024 GAAP EPS $3.27-$3.57 (from $3.70-$4.10); adjusted EPS $9.15-$9.45 (from $9.40-$9.80).
- Debt paydown $114M in Q3, $733M YTD; net debt/adj. EBITDA ~3.6x. On track to pay ~$900M debt in 2024.
- Segment: AMC sales -4.1% organic, IPS +0.8% organic, PES -6.2% organic. Enterprise orders up 2.5% YoY.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/82811/000008281124000208/0000082811-24-000208-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/82811/000008281124000208/rrx-20241104.htm
  HTML page:      https://secwatch.observer/filing/0000082811-24-000208

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