REGAL REXNORD CORP
For the period ended Sep 30, 2024. Filed Nov 5, 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.
Sep 30, 2024 · Filed Nov 5, 2024
RRX$179.96-0.5%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Comprehensive Income (Loss)
(Dollars in Millions)
| Three Months Ended | Nine Months Ended | |||
|---|---|---|---|---|
| September 30, 2024 | September 30, 2023 | September 30, 2024 | September 30, 2023 | |
| Net Income (Loss) | $73.0 | $(138.6) | $156.4 | $(110.9) |
| Other Comprehensive Income (Loss) Net of Tax: | ||||
| Foreign Currency Translation Adjustments | 124.7 | (86.1) | (18.8) | (82.1) |
| Reclassification of Foreign Currency Translation Losses to Earnings (see Note 3 - Acquisitions and Divestitures) | — | — | 121.3 | — |
| Hedging Activities: | ||||
| (Decrease) Increase in Fair Value of Hedging Activities, Net of Tax Effects of $(2.6) million and $(0.6) million for the Three Months Ended September 30, 2024 and September 30, 2023 and $(2.8) million and $5.9 million for the Nine Months Ended September 30, 2024 and September 30, 2023, Respectively | (8.3) | (1.8) | (9.0) | 18.7 |
| Reclassification of Gains included in Net Income (Loss), Net of Tax Effects of $(1.7) million and $(0.7) million for the Three Months Ended September 30, 2024 and September 30, 2023 and $(5.5) million and $(0.5) million for the Nine Months Ended September 30, 2024 and September 30, 2023, Respectively | (5.5) | (2.4) | (17.5) | (1.6) |
| Pension and Post Retirement Plans: | ||||
| Increase in Prior Service Cost and Unrecognized Loss, Net of Tax Effects of zero and $(0.1) million for the three and nine months ended September 30, 2024, respectively. | — | — | (0.4) | — |
| Reclassification Adjustments for Pension and Post Retirement Benefits included in Net Income (Loss), Net of Tax Effects of $0.1 and $(0.1) million for the Three Months Ended September 30, 2024 and September 30, 2023 and $0.1 and $(0.4) million for the Nine Months Ended September 30, 2024 and September 30, 2023, Respectively | 0.1 | (0.4) | 0.4 | (1.2) |
| Other Comprehensive Income (Loss) | 111.0 | (90.7) | 76.0 | (66.2) |
| Comprehensive Income (Loss) | 184.0 | (229.3) | 232.4 | (177.1) |
| Less: Comprehensive Income Attributable to Noncontrolling Interests | 0.7 | 0.5 | 1.1 | 1.1 |
| Comprehensive Income (Loss) Attributable to Regal Rexnord Corporation | $183.3 | $(229.8) | $231.3 | $(178.2) |
See Accompanying Notes to Condensed Consolidated Financial Statements
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