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Regal Rexnord (RRX)
NYSE:RRX
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Earnings Data
Report Date
Feb 05, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
2.47Last Year’s EPS
2.28Same Quarter Last Year
Strong Buy
Based on 9 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 05, 2018
|% Change Since: -7.85%
|Next Earnings Date:Aug 06, 2018
Earnings Call Sentiment|Neutral
The call reflected a mix of positive achievements in margins, order growth, and strategic project wins, counterbalanced by sales declines in key segments, challenges in discrete automation and HVAC markets, and reduced financial guidance.Company Guidance
During the Regal Rexnord Q3 2024 earnings call, the guidance provided included several key metrics and expectations for the company's financial performance. The adjusted gross margin reached a record 38.4%, while the adjusted EBITDA margin was 22.8%, up 110 basis points compared to the previous year. Despite a 2.7% decline in overall sales, particularly in the AMC and PES segments, the company achieved $126 million in adjusted free cash flow, which was used to pay down debt. Adjusted earnings per share rose 18.6% to $2.49. Looking forward, the company adjusted its full-year 2024 revenue guidance downward due to persistent market headwinds and anticipates an adjusted EPS range of $9.15 to $9.45. Additionally, Regal Rexnord aims to achieve $90 million in synergies this year, with another $120 million expected in 2025 and 2026. For 2025, the company is planning for limited organic growth due to continued market uncertainties, with expectations to end the year with an exit rate of about $1 billion in free cash flow, driven by reduced interest expenses and effective tax rate adjustments.Record Adjusted Gross and EBITDA Margins
The company achieved a record adjusted gross margin of 38.4% and a record adjusted EBITDA margin of 22.8%, up 110 basis points from the previous year.
Positive Order Growth in IPS Segment
IPS segment achieved positive organic growth and strong record adjusted EBITDA margins, with orders up nearly 6% on a daily basis in the third quarter.
Successful Powertrain Project Win
Highlighted a major powertrain project win with a mining customer, showcasing the company's ability to provide integrated solutions and earn premium pricing.
Adjusted EPS Growth
Adjusted earnings per share in the quarter were $2.49, up 18.6% versus the prior year.
Debt Reduction and Cash Flow
Generated $126 million of adjusted free cash flow, contributing towards paying down $114 million of gross debt in the quarter.
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RRX Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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RRX Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 04, 2024 | $169.83 | $167.59 | -1.32% |
| Jul 31, 2024 | $159.98 | $162.25 | +1.42% |
| May 06, 2024 | $167.68 | $156.10 | -6.91% |
| Feb 07, 2024 | $139.52 | $146.69 | +5.14% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Regal Rexnord (RRX) report earnings?
Regal Rexnord (RRX) is schdueled to report earning on Feb 05, 2025, TBA Not Confirmed.
What is Regal Rexnord (RRX) earnings time?
Regal Rexnord (RRX) earnings time is at Feb 05, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is RRX EPS forecast?
RRX EPS forecast for the fiscal quarter 2024 (Q4) is 2.47.
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