Regal Rexnord (RRX) reported Q3 adjusted earnings late Monday of $2.49 per diluted share, up from $2.10 a year earlier.
Analysts polled by Capital IQ expected $2.48 normalized.
Net sales in the quarter ended Sept. 30 were $1.48 billion, down from $1.65 billion a year earlier.
Analysts surveyed by Capital IQ expected revenue of $1.52 billion.
The company cut 2024 adjusted diluted EPS guidance to a range of $9.15 to $9.45 from $9.40 to $9.80 previously. Analysts expect normalized EPS of $9.46.
Shares of the company were down more than 4% in recent after-hours activity.
Price: 162.73, Change: -7.49, Percent Change: -4.40
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