REGAL REXNORD CORP (RRX) announced a profit for its first quarter that increased from last year and beat the Street estimates.
The company's bottom line totaled $57.3 million, or $0.86 per share. This compares with $19.8 million, or $0.30 per share, last year.
Excluding items, REGAL REXNORD CORP reported adjusted earnings of $2.15 per share for the period.
Analysts on average had expected the company to earn $1.83 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period fell 8.3% to $1.418 billion from $1.547 billion last year.
REGAL REXNORD CORP earnings at a glance (GAAP) :
-Earnings: $57.3 Mln. vs. $19.8 Mln. last year.-EPS: $0.86 vs. $0.30 last year.-Revenue: $1.418 Bln vs. $1.547 Bln last year.
-Guidance:Full year EPS guidance: $9.60 to $10.40
For comments and feedback contact: editorial@rttnews.com
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.