REGAL REXNORD REPORTS THIRD QUARTER 2024 FINANCIAL RESULTS
Regal Rexnord Corporation (RRX)
Company Research
Source: PR Newswire
MILWAUKEE, Nov. 4, 2024 /PRNewswire/ -- Regal Rexnord Corporation (NYSE: RRX)3Q HighlightsGAAP Diluted EPS Of $1.09, Adjusted Diluted EPS* Of $2.49, Up 18.6% Versus PYPaid Down $114 Million Of Gross Debt In 3Q, $733 Million Year-To-Date. On Track To Pay Down ~$900 Million Of Debt In The Year. Net Debt/Adjusted EBITDA (Including Synergies)* Of ~3.6xAdjusted Free Cash Flow* Of $125.5 MillionSales Of $1,477.4 Million, Down 10.4% Versus PY; Down 2.7% On An Organic* BasisGAAP Gross Margin Of 37.7%; Adjusted Gross Margin* A Record 38.4%GAAP Net Income Of $73.0 Million Versus PY GAAP Net Loss Of $(138.6) MillionAdjusted EBITDA* Of $337.0 Million Versus PY Of $330.0 Million**Adjusted EBITDA Margin* A Record 22.8%, Up 110 Basis Points Versus PY**Synergies Of $27 Million; On Track To Deliver $90 Million In The Year3Q Orders Up 2.5% Versus PYCEO Louis Pinkham commented, "Our team's controllable execution was strong in the third quarter, most evident in healthy adjusted gross and EBITDA margin ga
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News
- Multiple Tailwinds Lifted Regal Rexnord Corporation (RRX) in Q3 [Yahoo! Finance]Yahoo! Finance
- CubeSmart (CUBE) Benefitted From Lower Interest Rate [Yahoo! Finance]Yahoo! Finance
- Regal Rexnord Co. (NYSE: RRX) had its price target lowered by analysts at Robert W. Baird from $223.00 to $208.00. They now have an "outperform" rating on the stock.MarketBeat
- Regal Rexnord Corp (RRX) Q3 2024 Earnings Call Highlights: Record Margins Amid Sales Decline [Yahoo! Finance]Yahoo! Finance
- Decoding Regal Rexnord Corp (RRX): A Strategic SWOT Insight [Yahoo! Finance]Yahoo! Finance
RRX
Earnings
- 11/4/24 - Miss
RRX
Sec Filings
- 11/12/24 - Form 4
- 11/12/24 - Form 4
- 11/12/24 - Form SC
- RRX's page on the SEC website