Last 7 days
0.0%
Last 30 days
-1.6%
Last 90 days
-17.6%
Trailing 12 Months
6.7%
Income Statement (Last 12 Months) | (In Millions) | |||||
---|---|---|---|---|---|---|
Description | (%) Q/Q | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 |
Revenue | -1.4% | 5,144 | 5,218 | 5,190 | 4,757 | 4,295 |
Gross Profit | -1.4% | 1,646 | 1,670 | 1,597 | 1,458 | 1,282 |
Operating Expenses | 7.9% | 1,056 | 978 | 1,006 | 917 | 818 |
EBITDA | 2.7% | 823 | 801 | 666 | 563 | - |
EBITDA Margin | 2.2% | 0.16* | 0.15* | 0.14* | 0.13* | - |
Earnings Before Taxes | -25.5% | 457 | 614 | 512 | 459 | 382 |
EBT Margin | 19.2% | 0.12* | 0.10* | 0.09* | 0.09* | - |
Interest Expenses | 99.1% | 174 | 87.00 | 58.00 | 59.00 | 57.00 |
Net Income | -26.9% | 357 | 489 | 383 | 343 | 285 |
Net Income Margin | 27.1% | 0.09* | 0.07* | 0.07* | 0.06* | - |
Free Cahsflow | 32.5% | 352 | 266 | 263 | 245 | - |
Balance Sheet | (In Millions) | |||||
---|---|---|---|---|---|---|
Description | (%) Q/Q | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 |
Assets | 61.1% | 16,547 | 10,269 | 10,249 | 10,459 | 10,471 |
Current Assets | 36.9% | 4,109 | 3,001 | 3,046 | 3,098 | 2,972 |
Cash Equivalents | 66.1% | 1,143 | 689 | 724 | 703 | 625 |
Inventory | 29.6% | 1,733 | 1,337 | 1,362 | 1,388 | 1,337 |
Goodwill | 62.4% | 6,527 | 4,019 | 3,969 | 4,026 | 4,051 |
Current Liabilities | 40.3% | 1,406 | 1,002 | 1,053 | 1,121 | 1,057 |
LT Debt, Current | 119.5% | 74.00 | 34.00 | 31.00 | 31.00 | 3.00 |
LT Debt, Non Current | 262.4% | 7,211 | 1,990 | 2,165 | 2,133 | 2,057 |
Shareholder's Equity | 1.1% | 6,456 | 6,388 | 6,140 | 6,316 | 6,424 |
Retained Earnings | -1.4% | 2,101 | 2,130 | 2,052 | 1,997 | 1,928 |
Additional Paid-In Capital | 0.2% | 4,619 | 4,610 | 4,604 | 4,612 | 4,631 |
Shares Outstanding | 0.2% | 66.00 | 66.00 | 66.00 | 67.00 | 67.00 |
Minority Interest | 2.0% | 35.00 | 34.00 | 32.00 | 39.00 | 40.00 |
Cashflow (Last 12 Months) | (In Millions) | |||||
---|---|---|---|---|---|---|
Description | (%) Q/Q | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 |
Cashflow From Operations | 25.7% | 548 | 436 | 338 | 326 | 302 |
Share Based Compensation | 68.4% | 38.00 | 23.00 | 30.00 | 28.00 | 28.00 |
Cashflow From Investing | -4252.9% | -4,931 | -113 | -222 | -211 | -211 |
Cashflow From Financing | 1896.4% | 4,926 | -274 | 342 | -5.30 | -37.20 |
Dividend Payments | 1.0% | 92.00 | 91.00 | 366 | 356 | 346 |
Buy Backs | -47.7% | 125 | 239 | 265 | 210 | 140 |
67.7%
34.2%
0%
Y-axis is the maximum loss one would have experienced if REGAL REXNORD was unfortunately bought at previous high price.
9.3%
15.1%
12.9%
23.2%
FIve years rolling returns for REGAL REXNORD.
Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
---|---|---|---|---|---|---|
2023-05-23 | MOUNTAIN PACIFIC INVESTMENT ADVISERS INC/ID | added | 0.41 | 4,057,780 | 26,887,400 | 1.90% |
2023-05-22 | AMERIPRISE FINANCIAL INC | added | 30.59 | 15,392,400 | 44,339,400 | 0.01% |
2023-05-22 | FDx Advisors, Inc. | unchanged | - | - | 254,000 | 0.01% |
2023-05-22 | Raleigh Capital Management Inc. | unchanged | - | 585 | 3,949 | -% |
2023-05-22 | PUTNAM INVESTMENTS LLC | added | 41.96 | 2,699,410 | 6,757,860 | 0.01% |
2023-05-19 | Coppell Advisory Solutions LLC | sold off | -100 | -2,160 | - | -% |
2023-05-18 | JPMORGAN CHASE & CO | added | 17.52 | 5,357,570 | 19,516,600 | -% |
2023-05-18 | NEW YORK STATE COMMON RETIREMENT FUND | reduced | -6.57 | 2,078,000 | 23,734,000 | 0.03% |
2023-05-17 | Advisory Services Network, LLC | reduced | -84.44 | -4,414 | 985 | -% |
2023-05-17 | VIRGINIA RETIREMENT SYSTEMS ET AL | added | 13.64 | -26,526 | 899,850 | 0.01% |
Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
---|---|---|---|---|---|
Feb 14, 2023 | alliancebernstein l.p. | 3.5% | 2,300,163 | SC 13G/A | |
Feb 13, 2023 | capital world investors | 9.1% | 6,029,745 | SC 13G/A | |
Feb 09, 2023 | vanguard group inc | 10.17% | 6,726,509 | SC 13G/A | |
Feb 08, 2023 | massachusetts financial services co /ma/ | 6.1% | 4,004,380 | SC 13G | |
Jan 25, 2023 | blackrock inc. | 9.0% | 5,959,587 | SC 13G/A | |
Jan 10, 2023 | fmr llc | - | 0 | SC 13G/A | |
Nov 10, 2022 | vanguard group inc | 10.28% | 6,701,927 | SC 13G/A | |
Feb 14, 2022 | alliancebernstein l.p. | 5.4% | 3,662,517 | SC 13G/A | |
Feb 11, 2022 | capital world investors | 6.3% | 4,272,839 | SC 13G | |
Feb 10, 2022 | vanguard group inc | 9.74% | 6,599,379 | SC 13G/A |
Fair Value | Very Pessimistic | Pessimistic | Base Case | Optimistic | Very Optimistic |
---|---|---|---|---|---|
Very Low Inflation | 55.63 -57.38% | 67.58 -48.23% | 105.70 -19.02% | 144.80 10.93% | 257.00 96.89% |
Current Inflation | 52.35 -59.89% | 63.25 -51.54% | 94.87 -27.32% | 127.64 -2.21% | 222.63 70.56% |
Very High Inflation | 48.14 -63.12% | 57.74 -55.76% | 81.91 -37.25% | 107.58 -17.58% | 183.07 40.25% |
Date Filed | Form Type | Document | |
---|---|---|---|
May 12, 2023 | 4 | Insider Trading | |
May 12, 2023 | 4 | Insider Trading | |
May 12, 2023 | 4 | Insider Trading | |
May 12, 2023 | 4 | Insider Trading | |
May 12, 2023 | 4 | Insider Trading | |
May 12, 2023 | 4 | Insider Trading | |
May 12, 2023 | 4 | Insider Trading | |
May 12, 2023 | 4 | Insider Trading | |
May 12, 2023 | 4 | Insider Trading | |
May 10, 2023 | S-8 | Employee Benefits Plan |
Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
---|---|---|---|---|---|---|
2023-05-10 | CRANDALL THEODORE D | acquired | - | - | 1,245 | - |
2023-05-10 | SACHDEV RAKESH | acquired | - | - | 1,245 | - |
2023-05-10 | STOELTING CURTIS W | acquired | - | - | 1,245 | - |
2023-05-10 | Burt Stephen M | acquired | - | - | 1,245 | - |
2023-05-10 | Hilton Michael F | acquired | - | - | 1,245 | - |
2023-05-10 | DOSS MICHAEL P | acquired | - | - | 1,245 | - |
2023-05-10 | CHAIBI ANESA | acquired | - | - | 1,245 | - |
2023-05-10 | Bertsch Jan | acquired | - | - | 1,245 | - |
2023-05-10 | Walker-Lee Robin A | acquired | - | - | 1,245 | - |
2023-05-01 | Avampato John | acquired | 251,823 | 62.01 | 4,061 | senior vp & cio * |
CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Millions, $ in Millions | 3 Months Ended | |
---|---|---|
Mar. 31, 2023 | Mar. 31, 2022 | |
Income Statement [Abstract] | ||
Net Sales | $ 1,224.1 | $ 1,298.5 |
Cost of Sales | 826.0 | 876.6 |
Gross Profit | 398.1 | 421.9 |
Operating Expenses | 329.2 | 252.0 |
Income from Operations | 68.9 | 169.9 |
Interest Expense | 95.4 | 9.0 |
Interest Income | (31.9) | (1.1) |
Other Income, Net | (1.4) | (1.3) |
Income before Taxes | 6.8 | 163.3 |
Provision for Income Taxes | 12.3 | 36.2 |
Net (Loss) Income | (5.5) | 127.1 |
Less: Net Income Attributable to Noncontrolling Interests | 0.4 | 1.5 |
Net (Loss) Income Attributable to Regal Rexnord Corporation | $ (5.9) | $ 125.6 |
(Loss) Earnings Per Share Attributable to Regal Rexnord Corporation: | ||
Basic (in dollars per share) | $ (0.09) | $ 1.86 |
Assuming dilution (in dollars per share) | $ (0.09) | $ 1.85 |
Weighted Average Number of Shares Outstanding: | ||
Basic (in shares) | 66.2 | 67.4 |
Assuming dilution (in shares) | 66.6 | 67.9 |
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions | Mar. 31, 2023 | Dec. 31, 2022 |
---|---|---|
Current Assets: | ||
Cash and Cash Equivalents | $ 1,143.3 | $ 688.5 |
Trade Receivables, Less Allowances of $29.7 million and $30.9 million in 2023 and 2022, Respectively | 1,028.3 | 797.4 |
Inventories | 1,732.5 | 1,336.9 |
Prepaid Expenses and Other Current Assets | 200.4 | 150.9 |
Deferred Financing Fees | 0.0 | 17.0 |
Assets Held for Sale | 4.6 | 9.8 |
Total Current Assets | 4,109.1 | 3,000.5 |
Net Property, Plant and Equipment | 1,214.7 | 807.0 |
Operating Lease Assets | 159.3 | 110.9 |
Goodwill | 6,526.7 | 4,018.8 |
Intangible Assets, Net of Amortization | 4,414.6 | 2,229.9 |
Deferred Income Tax Benefits | 47.3 | 43.9 |
Other Noncurrent Assets | 75.7 | 57.9 |
Total Assets | 16,547.4 | 10,268.9 |
Current Liabilities: | ||
Accounts Payable | 666.7 | 497.7 |
Dividends Payable | 23.2 | 23.2 |
Accrued Compensation and Employee Benefits | 219.0 | 141.1 |
Other Accrued Expenses | 383.5 | 280.0 |
Current Operating Lease Liabilities | 39.2 | 26.4 |
Current Maturities of Long-Term Debt | 74.2 | 33.8 |
Total Current Liabilities | 1,405.8 | 1,002.2 |
Long-Term Debt | 7,210.6 | 1,989.7 |
Deferred Income Taxes | 1,150.8 | 591.9 |
Pension and Other Post Retirement Benefits | 116.4 | 97.6 |
Noncurrent Operating Lease Liabilities | 123.2 | 88.1 |
Other Noncurrent Liabilities | 84.9 | 76.8 |
Contingencies (see Note 12 - Contingencies) | ||
Regal Rexnord Corporation Shareholders' Equity: | ||
Common Stock, $0.01 par value, 100.0 million Shares Authorized, 66.3 million and 66.2 million Shares Issued and Outstanding for 2023 and 2022, Respectively | 0.7 | 0.7 |
Additional Paid-In Capital | 4,619.2 | 4,609.6 |
Retained Earnings | 2,100.9 | 2,130.0 |
Accumulated Other Comprehensive Loss | (300.2) | (352.1) |
Total Regal Rexnord Corporation Shareholders' Equity | 6,420.6 | 6,388.2 |
Noncontrolling Interests | 35.1 | 34.4 |
Total Equity | 6,455.7 | 6,422.6 |
Total Liabilities and Equity | $ 16,547.4 | $ 10,268.9 |