Compared to Estimates, Regal Rexnord (RRX) Q2 Earnings: A Look at Key Metrics

Core Insights - Regal Rexnord reported $1.55 billion in revenue for Q2 2024, a year-over-year decline of 12.5% and an EPS of $2.29 compared to $2.56 a year ago, with revenue exceeding Zacks Consensus Estimate by 2.45% and EPS by 7.01% [1] Revenue Performance - Industrial Systems (IS) revenue was $39 million, slightly below the average estimate of $40 million [3] - Industrial Powertrain Solutions (IPS) revenue reached $675.50 million, surpassing the average estimate of $668.88 million [3] - Power Efficiency Solutions (PES) revenue was $410.90 million, exceeding the average estimate of $395.35 million [3] - Automation & Motion Control (AMC) revenue was $422.20 million, above the average estimate of $408.12 million [4] Adjusted EBITDA Performance - Adjusted EBITDA for Industrial Powertrain Solutions (IPS) was $174.40 million, compared to the average estimate of $168.18 million [4] - Adjusted EBITDA for Industrial Systems (IS) was $2.90 million, slightly above the average estimate of $2.75 million [4] - Adjusted EBITDA for Automation & Motion Control (AMC) was $94.90 million, exceeding the average estimate of $94.06 million [4] - Adjusted EBITDA for Power Efficiency Solutions (PES) was $66 million, compared to the average estimate of $63.16 million [5] Stock Performance - Regal Rexnord shares have returned +18.4% over the past month, while the Zacks S&P 500 composite has changed by -0.4% [5] - The stock currently holds a Zacks Rank 4 (Sell), indicating potential underperformance in the near term [5]