Regal Rexnord (RRX) FY2017 results: revenue $3.4 billion, up 4.2% on the year
Regal Rexnord Corp. (RRX) reported revenue of $3.4 billion for fiscal 2017, the year ended 30 December 2017, up 4.2% on the year before. Net income was $213 million, up 4.7%, and diluted earnings per share $4.74. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2020.
Revenue
$3.4 billion
+4.2% on the year
FY2010FY2017
Operating margin
9.9%
10.0% a year earlier
FY2010FY2017
Net income
$213 million
+4.7% on the year
FY2010FY2017
Diluted EPS
$4.74
+4.9% on the year
FY2010FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
3,360
3,224
3,510
+4.2%
Cost of revenue
2,477
2,360
2,576
+5.0%
Gross profit
884
865
933
+2.2%
Gross margin
26.3%
26.8%
26.6%
Research and development
29.9
29.5
30.1
+1.4%
Operating income
331
322
253
+2.7%
Operating margin
9.9%
10.0%
7.2%
Interest expense
56.1
58.7
60.2
-4.4%
Pre-tax income
277
266
197
+4.1%
Income tax
59.1
57.1
48.4
+3.5%
Effective tax rate
21.3%
21.4%
24.6%
Net income
213
203
143
+4.7%
Net margin
6.3%
6.3%
4.1%
Diluted EPS
$4.74
$4.52
$3.18
+4.9%
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
292
442
384
-34.0%
Capital expenditure
65.2
65.2
92.2
0.0%
Free cash flow
227
377
292
-39.9%
Free cash flow margin
6.7%
11.7%
8.3%
Cash from investing
-57.8
-19.6
-1,488
Cash from financing
-391
-380
1,033
Depreciation and amortisation
137
155
159
-11.7%
Share-based compensation
13.6
13.3
13.9
+2.3%
Buybacks
45.1
0.0
12.0
Dividends paid
44.5
42.1
40.2
+5.7%
Dividend per share
$1.02
$0.95
$0.91
+7.4%
Diluted shares, weighted
45m
45m
45m
-0.2%
Shares outstanding at period end
44m
45m
45m
-1.1%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
2,326
2,039
1,937
+14.1%
Non-controlling interest
29.2
39.4
45.5
-25.9%
Debt
1,141
1,412
1,722
-19.2%
Other liabilities
892
869
887
+2.7%
Total liabilities and equity
4,388
4,358
4,592
+0.7%
Fixed assets
623
628
678
-0.7%
Goodwill
1,477
1,453
1,466
+1.6%
Intangible assets
1,094
1,071
1,079
+2.1%
Cash and equivalents
140
284
253
-50.9%
Receivables
506
462
462
+9.5%
Inventory
757
661
775
+14.6%
Total assets
4,388
4,358
4,592
+0.7%
10-K for the year ended 30 December 2017, filed 26 February 2020: the filing.