Regal Rexnord reported 2Q daily orders up 8.8% vs. prior year and GAAP net income of $116.8M vs. $79.6M a year ago (up $37.2M, +46.7%). Sales were $1,558.4M, up 4.2% vs. PY (and +3.3% on an organic basis). Overall, the combination of accelerating orders and large net income growth points to improving fundamentals that could support the stock near term.
Regal Rexnord reported 2Q daily orders up 8.8% vs. prior year and GAAP net income of $116.8M vs. $79.6M a year ago (up $37.2M, +46.7%). Sales were $1,558.4M, up 4.2% vs. PY (and +3.3% on an organic basis). Overall, the combination of accelerating orders and large net income growth points to improving fundamentals that could support the stock near term.
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moderately positive
Sentiment Score
0.35
Ticker Sentiment
