UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 for the quarterly period ended September 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number 001-07283 REGAL REXNORD CORPORATION (Exact name of registrant as specified in its charter) Wisconsin 39-0875718 (State or other jurisdiction of incorporation)(IRS Employer I ...

Financial Performance - GAAP diluted EPS of $1.09 and adjusted diluted EPS of $2.49, up 18.6% year-over-year[1] - Sales totaled $1,477.4 million, down 10.4% compared to the previous year; organic sales decreased by 2.7%[1] - Adjusted EBITDA of $337.0 million, slightly up from $330.0 million year-over-year, with a record adjusted EBITDA margin of 22.8%, an increase of 110 basis points[1] - Net income attributable to Regal Rexnord Corporation for the three months ended September 30, 2024, was $72.7 million, compared to a net loss of $139.5 million in the same period last year[16] - Basic earnings per share for the three months ended September 30, 2024, was $1.09, compared to a loss of $2.10 per share in the same period last year[16] - The company reported a net income of $73.0 million for Q3 2024, a significant recovery from a net loss of $138.6 million in Q3 2023[25] Sales and Revenue Breakdown - Automation & Motion Control segment net sales were $401.6 million, a decrease of 4.3%[3] - Industrial Powertrain Solutions segment net sales were $644.2 million, an increase of 0.5%[4] - Power Efficiency Solutions segment net sales were $431.6 million, a decrease of 6.4%[5] - Total net sales for the three months ended September 30, 2024, reached $1,477.4 million, with Industrial Powertrain Solutions contributing $644.2 million, Power and Efficiency Solutions $431.6 million, and Automation & Motion Control $401.6 million[34] - For the nine months ended September 30, 2024, total net sales amounted to $4,572.7 million, with Industrial Powertrain Solutions at $1,963.1 million, Power and Efficiency Solutions at $1,227.8 million, and Automation & Motion Control at $1,224.0 million[35] Debt and Cash Management - Paid down $114 million of gross debt in Q3, totaling $733 million year-to-date, on track to pay down approximately $900 million of debt for the year[1] - Long-term debt decreased to $5,654.6 million as of September 30, 2024, compared to $6,377.0 million at the end of 2023[17] - Cash and cash equivalents were $458.6 million as of September 30, 2024, down from $574.0 million at the end of 2023[17] - Total current liabilities decreased to $1,208.6 million as of September 30, 2024, from $1,326.4 million at the end of 2023[17] - Net Debt as of September 30, 2024, was $5,198.9 million, with a Gross Debt to Adjusted EBITDA ratio of 4.23[26] Guidance and Future Expectations - Company expects modestly positive organic growth in Q4 2024[1] - Annual guidance for 2024 adjusted diluted EPS updated to a range of $9.15 to $9.45, down from $9.40 to $9.80[2] - The company provided annual guidance for GAAP diluted EPS in the range of $3.27 to $3.57 for 2024[21] - The company expects to realize $100 million in synergies within 18 months, improving the interest coverage ratio to 3.63 when including these synergies[28] Operational Efficiency and Cost Management - Synergies of $27 million achieved in Q3, on track to deliver $90 million for the year[1] - The company incurred transaction and integration-related costs of $10.5 million, primarily associated with the Altra Transaction[22] - Restructuring and related costs for the three months totaled $10.7 million, while for the nine months, these costs were $35.5 million[34][35] - The company is focused on actions related to employee reductions, facility consolidations, and product line exits as part of its restructuring strategy[34][35] Profitability Metrics - Adjusted EBITDA for Regal Rexnord was $339.2 million for the three months ended September 30, 2024, compared to $330.0 million excluding Industrial Systems[23] - Adjusted operating margin improved to 15.4% in Q3 2024 from 9.3% in Q3 2023[22] - The adjusted EBITDA margin for the three months ended September 30, 2024, was 26.2%, compared to 24.2% in the same period of 2023[19] - Adjusted Income from Operations for Q3 2024 was $290.3 million, up from $209.2 million in Q3 2023, representing an increase of 38.8%[24] Cash Flow and Investment Activities - Net cash provided by operating activities decreased to $154.8 million from $186.7 million year-over-year[18] - Adjusted free cash flow for the nine months ended September 30, 2024, is $326.5 million, down from $512.2 million in 2023[29] - The company had a net cash used in investing activities of $29.3 million for the three months ended September 30, 2024[18] Market and Economic Impact - The company experienced a foreign currency impact of (0.3)% on organic sales growth for the three months ended September 30, 2024[19] - The effective tax rate for the three months ended September 30, 2024, is 10.3%, compared to (10.1)% in the same period of 2023[30]

For the quarter ended September 2024, Regal Rexnord (RRX) reported revenue of $1.48 billion, down 10.5% over the same period last year. EPS came in at $2.49, compared to $2.10 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $1.51 billion, representing a surprise of -2.09%. The company delivered an EPS surprise of +1.63%, with the consensus EPS estimate being $2.45.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and ...

Core Viewpoint - Regal Rexnord reported quarterly earnings of $2.49 per share, exceeding the Zacks Consensus Estimate of $2.45 per share, and showing an increase from $2.10 per share a year ago, indicating a positive earnings surprise of 1.63% [1] Financial Performance - The company posted revenues of $1.48 billion for the quarter ended September 2024, which was below the Zacks Consensus Estimate by 2.09% and a decrease from $1.65 billion year-over-year [2] - Over the last four quarters, Regal Rexnord has surpassed consensus EPS estimates four times but has only topped consensus revenue estimates once [2] Stock Performance - Regal Rexnord shares have increased approximately 14.2% since the beginning of the year, while the S&P 500 has gained 20.1% [3] - The stock currently holds a Zacks Rank 4 (Sell), indicating expectations of underperformance in the near future [6] Future Outlook - The current consensus EPS estimate for the upcoming quarter is $2.74 on revenues of $1.53 billion, and for the current fiscal year, it is $9.48 on revenues of $6.13 billion [7] - The outlook for the Manufacturing - General Industrial industry, to which Regal Rexnord belongs, is currently in the top 41% of over 250 Zacks industries, suggesting a favorable environment for stock performance [8]

MILWAUKEE, Nov. 4, 2024 /PRNewswire/ -- Regal Rexnord Corporation (NYSE: RRX)3Q Highlights GAAP Diluted EPS Of $1.09, Adjusted Diluted EPS* Of $2.49, Up 18.6% Versus PY Paid 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 ~3.6x Adjusted Free Cash Flow* Of $125.5 Million Sales Of $1,477.4 Million, Down 10.4% Versus PY; Down 2.7% On An Organic* Basis GAAP Gross Margin Of 37.7%; Adjusted ...

Wall Street analysts forecast that Regal Rexnord (RRX) will report quarterly earnings of $2.45 per share in its upcoming release, pointing to a year-over-year increase of 16.7%. It is anticipated that revenues will amount to $1.51 billion, exhibiting a decline of 8.5% compared to the year-ago quarter. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe. Pr ...

Core Viewpoint - Regal Rexnord Corporation is set to release its third quarter 2024 financial results on November 4, 2024, after market close [1] Financial Results Announcement - The earnings conference call will take place on November 5, 2024, at 9:00 am CT (10:00 am ET) [2] - A webcast replay and telephone replay will be available for three months following the earnings call [3] Company Overview - Regal Rexnord employs 30,000 associates globally, focusing on sustainable solutions for motion control [3] - The company offers electric motors, air moving subsystems, and a range of power transmission components for industrial applications [3] Market Segments - Regal Rexnord serves various end markets, including factory automation, food & beverage, aerospace, medical, data centers, and alternative energy [4] - The company operates in three segments: Industrial Powertrain Solutions, Power Efficiency Solutions, and Automation & Motion Control [5]

If management's predictions are accurate, the company is in for a period of sustained growth. Electric motor specialist Regal Rexnord (RRX -2.63%) was quite the motor of growth over the past few trading sessions. The company's shares were a bright spot on the market, rising by more than 9% over the week, according to data compiled by S&P Global Market Intelligence. Management gave fresh estimates for the coming years, and investors clearly liked what they heard. Guiding for growth Regal Rexnord held its 202 ...

MILWAUKEE, Sept. 13, 2024 /PRNewswire/ -- Regal Rexnord Corporation (NYSE: RRX) today published its annual Sustainability Report, including progress towards its 2032 sustainability goals. The report provides an update on how sustainability, social considerations, and good governance are intertwined with the Company's growth strategy: Developing innovative products and sustainable solutions that customers value, while intentionally factoring environmental considerations into how they are designed and manufac ...

riRegalRexnord Creating a better tomorrow™… Second Quarter 2024 Earnings August 1, 2024 Louis Pinkham, Chief Executive Officer Rob Rehard, Executive Vice President, Chief Financial Officer Motion Control Solutions Industrial Systems 2Q 2024 FORWARD LOOKING STATEMENTS AND NON-GAAP FINANCIAL MEASURES All statements in this communication, other than those relating to historical facts, are "forward-looking statements." Forward-looking statements can generally be identified by their use of terms such as "anticip ...