Regal Rexnord (RRX) FY2023 results: revenue $6.3 billion, up 19.8% on the year
Regal Rexnord Corp. (RRX) reported revenue of $6.3 billion for fiscal 2023, the year ended 31 December 2023, up 19.8% on the year before. Net income was -$57 million, and diluted earnings per share $-0.87. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2024.
Revenue
$6.3 billion
+19.8% on the year
FY2016FY2023
Operating margin
6.0%
13.2% a year earlier
FY2016FY2023
Net income
-$57 million
FY2016FY2023
Diluted EPS
-$0.87
FY2016FY2023
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
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
715
436
358
+64.0%
Capital expenditure
119
83.8
54.5
+42.1%
Free cash flow
596
352
303
+69.2%
Free cash flow margin
9.5%
6.8%
8.0%
Cash from investing
-4,983
-113
-176
Cash from financing
4,204
-274
-118
Depreciation and amortisation
493
307
171
+60.3%
Share-based compensation
58.2
22.5
24.9
+158.7%
Buybacks
0.0
239
25.8
Dividends paid
92.8
90.9
336
+2.1%
Dividend per share
$1.40
$1.38
$8.28
+1.4%
Diluted shares, weighted
66m
67m
48m
-1.2%
Shares outstanding at period end
66m
66m
68m
+0.2%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
6,344
6,388
6,370
-0.7%
Non-controlling interest
20.8
34.4
38.2
-39.5%
Debt
6,381
2,024
1,918
+215.3%
Operating lease liabilities
132
88.1
89.5
+50.1%
Other liabilities
2,553
1,735
1,951
+47.2%
Total liabilities and equity
15,431
10,269
10,367
+50.3%
Goodwill
6,553
4,019
4,039
+63.1%
Intangible assets
4,083
2,230
2,429
+83.1%
Cash and equivalents
574
688
673
-16.6%
Receivables
922
797
786
+15.6%
Inventory
1,274
1,337
1,192
-4.7%
Other assets
2,025
1,197
1,248
+69.1%
Total assets
15,431
10,269
10,367
+50.3%
10-K for the year ended 31 December 2023, filed 26 February 2024: the filing.