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Regal Rexnord RRX Power Efficiency Solutions — Goodwill, impairment loss

Discontinued — last reported Q4 '23

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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
FCF margin13.4%+4.6pp

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:GoodwillImpairmentLoss.

The official record: Regal Rexnord’s 10-K, filed February 26, 2024, on SEC EDGAR. View the filing →

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Questions, answered.

What is Regal Rexnord's power efficiency solutions — goodwill, impairment loss?
Regal Rexnord (RRX) reported power efficiency solutions — goodwill, impairment loss of $0 in Q4 2023.
What does power efficiency solutions — goodwill, impairment loss mean?
A non-cash write-down of the value of previously acquired businesses within the segment.
How do you interpret power efficiency solutions — goodwill, impairment loss?
An impairment loss signals that the segment's current performance or future outlook is lower than what was originally projected at the time of acquisition.
How does power efficiency solutions — goodwill, impairment loss compare across companies?
Standard impairment charge reported by companies when acquired assets fail to meet performance expectations.