Regal Rexnord Corporation (RRX) Q2 2024 Earnings Call Transcript

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Q2: 2024-07-31 Earnings Summary

EPS of $2.29 beats by $0.16
 | Revenue of $1.55B (-12.50% Y/Y) beats by $41.31M

Regal Rexnord Corporation (NYSE:RRX) Q2 2024 Earnings Conference Call August 1, 2024 10:00 AM ET

Company Participants

Rob Barry - VP, Investor Relations
Louis Pinkham - CEO & Director
Rob Rehard - EVP & CFO

Conference Call Participants

Mike Halloran - Baird
Jeff Hammond - KeyBanc Capital Markets
Julian Mitchell - Barclays
Nigel Coe - Wolfe Research
Joe Ritchie - Goldman Sachs
Christopher Glynn - Oppenheimer

Operator

Good day and welcome to the Regal Rexnord Second Quarter 2024 Earnings Call. All participants will be in a listen-only mode. [Operator Instructions] Please note, this event is being recorded.

I would now like to turn the conference over to Robert Barry, Vice President of Investor Relations. Please go ahead.

Rob Barry

Great. Thank you, operator. Good morning and welcome to Regal Rexnord's Second Quarter 2024 Earnings Conference Call. Joining me today are Louis Pinkham, our Chief Executive Officer; and Rob Rehard, our Chief Financial Officer.

Before we begin, a note regarding the slide presentation due to a minor technical issue at our webcasting firm, those who are viewing our second quarter presentation slides on the webcast will need to manually advance the slides during the presentation versus our typical practice of auto advancing them on our end.

Moving to Slide 2. I’d like to remind you that during today's call, you may hear forward-looking statements related to our future financial results plans and business operations, our actual results may differ materially from those projected or implied due to a variety of factors, which we describe in greater detail in today's press release and in our reports filed with the SEC which are available on the regalrexnord.com website.

Also on this slide, we state that we are presenting certain non-GAAP financial measures that we believe are useful to our investors. We have included reconciliations between

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