Regal Rexnord Now Believes Lower Half Of FY24 Outlook Range Of Sales Of $6.2B (Est $6.192B), Adjusted EPS Of $9.40 - $9.80 (Est $9.48) Is More Likely
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Regal Rexnord has indicated that it expects its FY24 sales and adjusted EPS to be in the lower half of its previously announced guidance range, suggesting potential challenges in meeting higher expectations.
September 17, 2024 | 11:19 am
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Regal Rexnord expects its FY24 sales and adjusted EPS to be in the lower half of its guidance range, indicating potential challenges in achieving higher targets.
Regal Rexnord's announcement that it expects to achieve the lower half of its FY24 sales and adjusted EPS guidance suggests potential difficulties in meeting higher expectations. This could lead to a negative short-term impact on the stock price as investors may adjust their expectations downward.
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