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Regal Rexnord RRX Climate Solutions — Asset Impairments

Discontinued — last reported Q4 '22

Similar metrics at other companies

Modine Manufacturing logo
MODClimate Solutions — Asset Impairment Charges
$75K
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MODClimate Solutions — Impairment Of Long Lived Assets To Be Disposed Of
$300K
Modine Manufacturing logo
MODClimate Solutions — D&A
$12.6M+8.6%
Modine Manufacturing logo
MODClimate Solutions — Total Assets
$834.5M+86.0%
Dover logo
DOVClimate & Sustainability Technologies — Other than temporary impairment
$3.02M
Modine Manufacturing logo
MODClimate Solutions — Segment Expenditure Addition To Long Lived Assets
$30.6M+70.0%

Other financials

Income statement

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Revenue$1.5B+4.3%
Gross profit$549.9M+4.2%
Operating income$152.7M-4.4%
Net income$64.3M+12.2%
EPS (diluted)$0.96+11.6%

Balance sheet

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Cash & equivalents$401.0M+31.3%
Total debt$5.0B-9.9%
Total equity$6.8B+6.0%
Total assets$13.8B-1.8%

Cash flow

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Operating cash flow$14.9M-85.4%
CapEx$17.4M+3.6%
Free cash flow-$2.5M-103%

Valuation

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Market cap$15.1B+65.1%
Enterprise value$19.67B+33.4%
P/E52.7×+13.5×
P/S2.5×+1.0×

Profitability

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Gross margin37.4%+0.7pp
Operating margin11.2%+0.1pp
Net margin4.8%+0.8pp

Returns & leverage

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Return on equity4.3%+0.6pp
Debt / equity0.7×-0.1×
Current ratio2.2×-0.1×

Where this comes from

Reported directly by Regal Rexnord in its filing.

Tagged under the XBRL concept us-gaap:OtherAssetImpairmentCharges.

The official record: Regal Rexnord’s 10-K, filed February 24, 2023, on SEC EDGAR. View the filing →

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Questions, answered.

What is Regal Rexnord's climate solutions — asset impairments?
Regal Rexnord (RRX) reported climate solutions — asset impairments of $0 in Q4 2022.
How has Regal Rexnord's climate solutions — asset impairments changed year-over-year?
Regal Rexnord's climate solutions — asset impairments decreased by 100.0% year-over-year, from $125K to $0.
What does climate solutions — asset impairments mean?
Non-cash charges reflecting a loss in value of physical assets within the Climate Solutions segment.
How do you interpret climate solutions — asset impairments?
Frequent or large impairments suggest poor asset management, technological obsolescence, or declining segment health.
How does climate solutions — asset impairments compare across companies?
Standard impairment reporting for industrial segments with significant capital expenditure and physical infrastructure.