05:33 PM EDT, 07/31/2024 (MT Newswires) -- Regal Rexnord ( RRX ) reported Q2 adjusted earnings late Wednesday of $2.29 per diluted share, down from $2.56 a year earlier.

Analysts polled by Capital IQ expected $2.13 normalized.

Net sales in the quarter ended June 30 fell to $1.55 billion from $1.77 billion a year earlier.

Analysts surveyed by Capital IQ expected $1.51 billion.

The company cut 2024 adjusted diluted EPS guidance to $9.40 to $9.80 from $9.60 to $10.40. Analysts expect $9.67 normalized.