Regal Rexnord (RRX) FY2022 results: revenue $5.2 billion, up 36.9% on the year
Regal Rexnord Corp. (RRX) reported revenue of $5.2 billion for fiscal 2022, the year ended 31 December 2022, up 36.9% on the year before. Net income was $489 million, up 112.9%, and diluted earnings per share $7.29. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2023.
Revenue
$5.2 billion
+36.9% on the year
FY2015FY2022
Operating margin
13.2%
9.4% a year earlier
FY2015FY2022
Net income
$489 million
+112.9% on the year
FY2015FY2022
Diluted EPS
$7.29
+51.6% on the year
FY2015FY2022
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
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
436
358
435
+21.9%
Capital expenditure
83.8
54.5
47.5
+53.8%
Free cash flow
352
303
388
+16.2%
Free cash flow margin
6.8%
8.0%
13.3%
Cash from investing
-113
-176
-37.0
Cash from financing
-274
-118
-148
Depreciation and amortisation
307
171
131
+80.2%
Share-based compensation
22.5
24.9
9.2
-9.6%
Buybacks
239
25.8
25.0
+827.1%
Dividends paid
90.9
336
48.7
-72.9%
Dividend per share
$1.38
$8.28
$1.20
-83.3%
Diluted shares, weighted
67m
48m
41m
+40.7%
Shares outstanding at period end
66m
68m
41m
-2.1%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
6,388
6,370
2,544
+0.3%
Non-controlling interest
34.4
38.2
32.6
-9.9%
Debt
2,024
1,918
1,071
+5.5%
Operating lease liabilities
88.1
89.5
55.1
-1.6%
Other liabilities
1,735
1,951
886
-11.1%
Total liabilities and equity
10,269
10,367
4,589
-1.0%
Goodwill
4,019
4,039
1,518
-0.5%
Intangible assets
2,230
2,429
530
-8.2%
Cash and equivalents
688
673
611
+2.3%
Receivables
797
786
432
+1.5%
Inventory
1,337
1,192
690
+12.1%
Other assets
1,197
1,248
807
-4.1%
Total assets
10,269
10,367
4,589
-1.0%
10-K for the year ended 31 December 2022, filed 24 February 2023: the filing.