04:55 PM EDT, 05/06/2024 (MT Newswires) -- Regal Rexnord ( RRX ) reported Q1 adjusted earnings late Monday of $2 per diluted share, down from $2.22 a year earlier.

Analysts surveyed by Capital IQ expected $1.99.

Net sales in the quarter ended March 31 rose to $1.55 billion from $1.22 billion a year earlier.

Analysts surveyed by Capital IQ expected $1.57 billion.

The company cut its 2024 adjusted EPS guidance to $9.60 to $10.40 from $9.75 to $10.55. Analysts surveyed by Capital IQ expect $10.11.

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