08:03 AM EDT, 09/17/2024 (MT Newswires) -- Regal Rexnord ( RRX ) said Tuesday that it is maintaining its 2024 guidance, with sales projected at $6.2 billion and adjusted diluted earnings per share between $9.40 and $9.80.

However, the company said it now expects results to lean toward the lower half of the range.

Analysts polled by Capital IQ expected sales of $6.17 billion and adjusted EPS of $9.49.

Regal also introduced financial targets for 2024 to 2027, aiming for organic net sales growth at a compound annual growth rate of 2% to 5%.

Adjusted earnings before interest, taxes, depreciation, and amortization margins are expected to reach 25% by 2025, the company said.

Regal Rexnord ( RRX ) shares were down 0.7% in recent Tuesday premarket activity.

Price: 154.77, Change: -1.04, Percent Change: -0.67