04:58 PM EST, 11/04/2024 (MT Newswires) -- Regal Rexnord ( RRX ) reported Q3 adjusted earnings late Monday of $2.49 per diluted share, up from $2.10 a year earlier.

Analysts polled by Capital IQ expected $2.48 normalized.

Net sales in the quarter ended Sept. 30 were $1.48 billion, down from $1.65 billion a year earlier.

Analysts surveyed by Capital IQ expected revenue of $1.52 billion.

The company cut 2024 adjusted diluted EPS guidance to a range of $9.15 to $9.45 from $9.40 to $9.80 previously. Analysts expect normalized EPS of $9.46.

Shares of the company were down more than 4% in recent after-hours activity.

Price: 162.73, Change: -7.49, Percent Change: -4.40