REGAL REXNORD CORP
For the period ended Dec 31, 2023. Filed Feb 26, 2024.
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FY2023 · Filed Feb 26, 2024
RRX$179.96-0.5%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Income (Loss)
(Amounts in Millions, Except Per Share Data)
| For the Year Ended | |||
|---|---|---|---|
| December 31, 2023 | December 31, 2022 | January 1, 2022 | |
| Net Sales | $6,250.7 | $5,217.9 | $3,810.3 |
| Cost of Sales | 4,183.4 | 3,548.2 | 2,698.7 |
| Gross Profit | 2,067.3 | 1,669.7 | 1,111.6 |
| Operating Expenses | 1,537.4 | 978.4 | 714.7 |
| Goodwill Impairment | 57.3 | — | 33.0 |
| Asset Impairments | 7.8 | 0.9 | 5.6 |
| Loss on Assets Held for Sale | 87.7 | — | — |
| Total Operating Expenses | 1,690.2 | 979.3 | 753.3 |
| Income from Operations | 377.1 | 690.4 | 358.3 |
| Other Income, net | (8.7) | (5.4) | (5.2) |
| Interest Expense | 431.0 | 87.2 | 60.4 |
| Interest Income | (43.6) | (5.2) | (7.4) |
| (Loss) Income before Taxes | (1.6) | 613.8 | 310.5 |
| Provision for Income Taxes | 52.7 | 118.9 | 74.7 |
| Net (Loss) Income | (54.3) | 494.9 | 235.8 |
| Less: Net Income Attributable to Noncontrolling Interests | 3.1 | 6.0 | 6.2 |
| Net (Loss) Income Attributable to Regal Rexnord Corporation | $(57.4) | $488.9 | $229.6 |
| (Loss) Earnings Per Share Attributable to Regal Rexnord Corporation: | |||
| Basic | $(0.87) | $7.33 | $4.85 |
| Assuming Dilution | $(0.87) | $7.29 | $4.81 |
| Weighted Average Number of Shares Outstanding: | |||
| Basic | 66.3 | 66.7 | 47.3 |
| Assuming Dilution | 66.3 | 67.1 | 47.7 |
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