RRX - Regal Rexnord reports Q3 earnings beat; raises FY22 EPS guidance above estimates

• Regal Rexnord press release ( NYSE: RRX ): Q3 Non-GAAP EPS of $2.66 beats by $0.01 .
• Revenue of $1.33B (+49.0% Y/Y) beats by $20M .
• The company continues to expect organic revenue growth at a high single digit rate for 2022.

• The company is raising its guidance mid-point by revising its 2022 annual guidance for adjusted earnings per share to a range of $10.35 to $10.75 vs. consensus of $10.66, from $10.20 to $10.80 previously, and revising its GAAP earnings per share guidance to a range of $7.15 to $7.55 from $7.01 to $7.61.

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