Regal Rexnord (RRX) FY2021 results: revenue $3.8 billion, up 31.1% on the year
Regal Rexnord Corp. (RRX) reported revenue of $3.8 billion for fiscal 2021, the year ended 1 January 2022, up 31.1% on the year before. Net income was $230 million, up 22.3%, and diluted earnings per share $4.81. The figures are the company's own, from the 10-K it filed with the SEC on 2 March 2022.
Revenue
$3.8 billion
+31.1% on the year
FY2014FY2021
Operating margin
9.4%
9.6% a year earlier
FY2014FY2021
Net income
$230 million
+22.3% on the year
FY2014FY2021
Diluted EPS
$4.81
+4.6% on the year
FY2014FY2021
this yearthe year beforeHover a bar for its figure.
$ 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
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
358
435
408
-17.8%
Capital expenditure
54.5
47.5
92.4
+14.7%
Free cash flow
303
388
316
-21.8%
Free cash flow margin
8.0%
13.3%
9.8%
Cash from investing
-176
-37.0
74.3
Cash from financing
-118
-148
-397
Depreciation and amortisation
171
131
134
+29.8%
Share-based compensation
24.9
9.2
13.0
+170.7%
Buybacks
25.8
25.0
165
+3.2%
Dividends paid
336
48.7
48.9
+589.1%
Dividend per share
$8.28
$1.20
$1.18
+590.0%
Diluted shares, weighted
48m
41m
42m
+16.9%
Shares outstanding at period end
68m
41m
41m
+66.5%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
6,370
2,544
2,351
+150.4%
Non-controlling interest
38.2
32.6
29.3
+17.2%
Debt
1,918
1,071
1,138
+79.1%
Operating lease liabilities
89.5
55.1
51.0
+62.4%
Other liabilities
1,951
886
862
+120.4%
Total liabilities and equity
10,367
4,589
4,431
+125.9%
Fixed assets
n/a
n/a
605
Goodwill
4,039
1,518
1,501
+166.1%
Intangible assets
2,429
530
567
+358.1%
Cash and equivalents
673
611
331
+10.1%
Receivables
786
432
461
+81.9%
Inventory
1,192
690
678
+72.7%
Other assets
1,248
807
286
+54.7%
Total assets
10,367
4,589
4,431
+125.9%
10-K for the year ended 1 January 2022, filed 2 March 2022: the filing.