Regal Rexnord: Q2 Earnings Snapshot
By AP News
Published - Aug 01, 2024, 02:06 AM ET
Last Updated - Aug 01, 2024, 02:06 AM EDT
MILWAUKEE (AP) — MILWAUKEE (AP) — Regal Rexnord Corporation (RRX) on Wednesday reported second-quarter profit of $62.5 million.
The Milwaukee-based company said it had net income of 94 cents per share. Earnings, adjusted for non-recurring costs, came to $2.29 per share.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $2.14 per share.
The maker of controls for electric motors posted revenue of $1.55 billion in the period, also topping Street forecasts. Three analysts surveyed by Zacks expected $1.51 billion.
