1Q24: Regal Rexnord Corp reports $2.00 adjusted EPS in line with estimates, $20.4M net income improvement, $1.54B revenue (up 26.
Regal Rexnord Corp (RRX) reported 1Q24 earnings: adjusted EPS of $2.00 in line with estimates; net income improved by $20.4M compared to prior year's loss; revenue reached $1.54B, up 26.4%; operational efficiency & acquisitions contributed to success. CEO Pinkham mentioned strategic M&As, targeting $90M synergies in 2024. 2024 guidance: GAAP diluted EPS between $3.97-$4.77, adjusted between $9.60-$10.40.
May 06, 2024
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