Brief: Regal Rexnord Corporation Reports Record Third Quarter 2021 Financial Results

Regal Rexnord

02/11/2021 11:14

Nov 2 (Reuters) - Regal Rexnord Corp  RRX.N :
    * ORATION REPORTS RECORD THIRD QUARTER 2021 FINANCIAL
RESULTS,
ANNOUNCES STRATEGIC ACQUISITION OF ARROWHEAD SYSTEMS FOR $297
MILLION
    * Q3 REVENUE $5.1 BILLION
    * SEES Q4 ADJUSTED EARNINGS PER SHARE $1.97 TO $2.27
    * Q3 ADJUSTED EARNINGS PER SHARE $2.36
    * Q3 GAAP EARNINGS PER SHARE $1.70
    * EXPECT 2022 ADJUSTED DILUTED EPS IN A RANGE OF $9.95 TO
$10.35,
INCLUDING ARROWHEAD SYSTEMS
    * SEES Q4 GAAP EARNINGS PER SHARE $0.29 TO $0.59
    * SEES Q4 TOTAL REVENUE GROWTH AT A MID-TEENS RATE
    * TRANSACTION MEETS CO'S ACQUISITION FINANCIAL CRITERIA,
INCLUDING
YEAR 1 ACCRETION AND ROIC EXPECTED TO EXCEED 10% BY YEAR 5
    * Q3 EARNINGS PER SHARE VIEW $2.35, REVENUE VIEW $887.5
MILLION --
REFINITIV IBES DATA
    * Q4 EARNINGS PER SHARE VIEW $1.93, REVENUE VIEW $1.07
BILLION --
REFINITIV IBES DATA
    * SEES FY 2022 REVENUE OF ABOUT $5.1 BILLION
    * FY2022 EARNINGS PER SHARE VIEW $9.10, REVENUE VIEW $4.52
BILLION
-- REFINITIV IBES DATA

Source text for Eikon:  ID:nPn4bmBy1a 
Further company coverage:  RRX.N 

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