Regal Rexnord (NYSE:RRX) First Quarter 2024 Results

Key Financial Results

• Revenue: US$1.55b (up 26% from 1Q 2023).

• Net income: US$19.8m (up from US$5.90m loss in 1Q 2023).

• Profit margin: 1.3% (up from net loss in 1Q 2023).

• EPS: US$0.30 (up from US$0.089 loss in 1Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Regal Rexnord Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 1.4%. Earnings per share (EPS) also missed analyst estimates by 56%.

Looking ahead, revenue is forecast to grow 1.4% p.a. on average during the next 3 years, compared to a 7.7% growth forecast for the Electrical industry in the US.

Performance of the American Electrical industry.

The company's shares are down 2.6% from a week ago.

Valuation

Our analysis of these results suggests Regal Rexnord may be undervalued based on 6 important criteria we look at. You can access our in-depth analysis and discover what the outlook is like for the stock by clicking here.

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