Regal Rexnord: Fourth Quarter Earnings Overview

Regal Rexnord Announces Fourth-Quarter Financial Results

Regal Rexnord Corporation, headquartered in Milwaukee, revealed a net income of $63.5 million for the fourth quarter.

The company reported earnings of $0.95 per share. When excluding amortization and one-time expenses, adjusted earnings reached $2.51 per share.

These adjusted earnings exceeded analysts’ expectations, as a consensus of five analysts surveyed by Zacks Investment Research had predicted $2.47 per share.

During the quarter, Regal Rexnord generated $1.52 billion in revenue, which was slightly below the $1.54 billion anticipated by analysts polled by Zacks.

For the entire fiscal year, the company posted a profit of $279.5 million, or $4.20 per share, with total revenue amounting to $5.93 billion.

Looking ahead, Regal Rexnord projects its full-year earnings per share to fall between $10.20 and $11.