Regal Rexnord Corporation (RRX) Tops Q2 EPS by 15c, Offers Guidance
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REGAL REXNORD CORPORATION REPORTS STRONG SECOND QUARTER 2022 FINANCIAL RESULTS
August 1, 2022 4:31 PM EDTBELOIT, Wis., Aug. 1, 2022 /PRNewswire/ -- Regal Rexnord Corporation (NYSE: RRX)
Second Quarter Highlights
Sales Up 52% Versus PY And Up 12% On An Organic Basis*Daily Orders Down 2% In 2Q Versus PY On A Pro Forma BasisBacklog Up Over 50% Versus Beginning of 2021; Book-To-Bill Above One For Prior 7 Quarters, Averaging 1.10 In 2021 and 1.05 In 1H 2022Strong Gross Margin Improvement Despite Sizable Inflationary & Supply Chain Pressures; Price/Cost Remained PositiveAdjusted EBITDA Margin* Up 230 Basis Points Versus PY To... More