Regal Rexnord Corporation (RRX) Tops Q1 EPS by 27c
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REGAL REXNORD CORPORATION REPORTS STRONG FIRST QUARTER 2022 FINANCIAL RESULTS
April 27, 2022 4:30 PM EDTBELOIT, Wis., April 27, 2022Â Â /PRNewswire/ -- Regal Rexnord Corporation (NYSE: RRX)
First Quarter Highlights
Sales Up 60% Versus PY And Up 15% On An Organic BasisDaily Orders Up 10% In 1Q Versus PY On A Pro Forma BasisAdjusted Gross Margin Up 280 Basis Points Versus PY Despite Sizable Inflationary & Supply Chain Pressures; Price/Cost Remained PositiveAdjusted EBITDA Margin* Up 250 Basis Points To 21.4%Adjusted Diluted EPS* Of $2.68 Up 15% Versus PY; GAAP Diluted EPS Of $1.85 Versus $1.68 In PYSynergies... More