Regal Rexnord (RRX) FY2015 results: revenue $3.5 billion, up 7.8% on the year
Regal Rexnord Corp. (RRX) reported revenue of $3.5 billion for fiscal 2015, the year ended 2 January 2016, up 7.8% on the year before. Net income was $143 million, up 362.3%, and diluted earnings per share $3.18. The figures are the company's own, from the 10-K it filed with the SEC on 2 March 2016.
Revenue
$3.5 billion
+7.8% on the year
FY2008FY2015
Operating margin
7.2%
3.7% a year earlier
FY2008FY2015
Net income
$143 million
+362.3% on the year
FY2008FY2015
Diluted EPS
$3.18
+360.9% on the year
FY2008FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
3,510
3,257
3,096
+7.8%
Cost of revenue
2,576
2,460
2,312
+4.7%
Gross profit
933
797
783
+17.0%
Gross margin
26.6%
24.5%
25.3%
Research and development
30.1
32.9
28.3
-8.5%
Operating income
253
122
208
+108.1%
Operating margin
7.2%
3.7%
6.7%
Interest expense
60.2
39.1
42.4
+54.0%
Pre-tax income
197
90.3
170
+118.1%
Income tax
48.4
54.2
44.5
-10.7%
Effective tax rate
24.6%
60.0%
26.1%
Net income
143
31.0
120
+362.3%
Net margin
4.1%
1.0%
3.9%
Diluted EPS
$3.18
$0.69
$2.64
+360.9%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
384
298
305
+28.9%
Capital expenditure
92.2
83.6
82.7
+10.3%
Free cash flow
292
215
222
+36.1%
Free cash flow margin
8.3%
6.6%
7.2%
Cash from investing
-1,488
-205
-125
Cash from financing
1,033
-218
-90.9
Depreciation and amortisation
159
139
128
+14.9%
Share-based compensation
13.9
11.9
11.4
+16.8%
Buybacks
12.0
35.0
0.0
-65.7%
Dividends paid
40.2
37.8
35.1
+6.3%
Dividend per share
$0.91
$0.86
$0.79
+5.8%
Diluted shares, weighted
45m
45m
45m
-0.4%
Shares outstanding at period end
45m
45m
n/a
0.0%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
1,937
1,934
2,056
+0.1%
Non-controlling interest
45.5
44.9
46.2
+1.3%
Debt
1,722
632
767
+172.2%
Other liabilities
887
745
742
+19.0%
Total liabilities and equity
4,592
3,357
3,611
+36.8%
Fixed assets
678
532
573
+27.7%
Goodwill
1,466
1,004
1,082
+46.0%
Intangible assets
1,079
444
244
+142.7%
Cash and equivalents
253
334
466
-24.3%
Receivables
462
448
464
+3.2%
Inventory
775
692
619
+12.0%
Other assets
n/a
n/a
163
Total assets
4,592
3,357
3,611
+36.8%
10-K for the year ended 2 January 2016, filed 2 March 2016: the filing.