Regal Rexnord Corporation Reports 3Q Sales of $1.59 Billion
1 report, 1 independent
Updated Tue 00:00
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What happened
Regal Rexnord Corporation reported third-quarter sales of $1,588 million, marking a 6% increase compared to the previous year. The company recorded a GAAP Net Loss of $12 million, while Adjusted EBITDA reached $351 million, up 4% year-over-year. CEO Aamir Paul stated that the company began a comprehensive review of its portfolio to maximize value creation.
From prnewswire.com
Why it matters
The company reported healthy order demand across its portfolio, including a 47% growth in commercial HVAC orders. The strategic review of the portfolio aims to accelerate profitable growth and improve operational performance at the enterprise level.
From prnewswire.com
Who's involved
- AMCAMC (media) - Mentioned in connection to competitors in the film exhibition market.