REGAL REXNORD CORP
For the period ended Mar 31, 2024. Filed May 7, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 7, 2024
RRX$179.96-0.5%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Income (Loss)
(Amounts in Millions, Except Per Share Data)
| Three Months Ended | ||
|---|---|---|
| March 31, 2024 | March 31, 2023 | |
| Net Sales | $1,547.7 | $1,224.1 |
| Cost of Sales | 994.6 | 826.0 |
| Gross Profit | 553.1 | 398.1 |
| Operating Expenses | 397.7 | 329.2 |
| Loss on Assets Held for Sale | 21.5 | — |
| Total Operating Expenses | 419.2 | 329.2 |
| Income from Operations | 133.9 | 68.9 |
| Interest Expense | 105.4 | 95.4 |
| Interest Income | (3.1) | (31.9) |
| Other Expense (Income), Net | 0.3 | (1.4) |
| Income before Taxes | 31.3 | 6.8 |
| Provision for Income Taxes | 10.9 | 12.3 |
| Net Income (Loss) | 20.4 | (5.5) |
| Less: Net Income Attributable to Noncontrolling Interests | 0.6 | 0.4 |
| Net Income (Loss) Attributable to Regal Rexnord Corporation | $19.8 | $(5.9) |
| Earnings (Loss) Per Share Attributable to Regal Rexnord Corporation: | ||
| Basic | $0.30 | $(0.09) |
| Assuming Dilution | $0.30 | $(0.09) |
| Weighted Average Number of Shares Outstanding: | ||
| Basic | 66.4 | 66.2 |
| Assuming Dilution | 66.8 | 66.6 |
See Accompanying Notes to Condensed Consolidated Financial Statements
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