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
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