Regal Beloit Corporation (RRX)
Pretax margin
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | -4,700 | 32,000 | 311,800 | 452,400 | 607,800 | 504,400 | 452,200 | 374,600 | 303,000 | 363,200 | 344,500 | 276,100 | 245,600 | 228,800 | 206,300 | 252,700 | 300,100 | 324,100 | 319,400 | 320,600 |
| Revenue (ttm) | US$ in thousands | 10,721,600 | 10,161,100 | 8,276,900 | 6,192,100 | 5,129,100 | 5,130,700 | 4,719,500 | 4,270,400 | 3,794,700 | 3,374,200 | 3,230,700 | 2,967,300 | 3,609,400 | 3,567,100 | 4,348,800 | 5,463,500 | 5,742,400 | 5,885,900 | 6,192,100 | 6,359,100 |
| Pretax margin | -0.04% | 0.31% | 3.77% | 7.31% | 11.85% | 9.83% | 9.58% | 8.77% | 7.98% | 10.76% | 10.66% | 9.30% | 6.80% | 6.41% | 4.74% | 4.63% | 5.23% | 5.51% | 5.16% | 5.04% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $-4,700K ÷ $10,721,600K
= -0.04%
The pretax margin of Regal Rexnord Corp has shown a declining trend over the past four quarters. In Q4 2023, the pretax margin was negative at -0.03%, reflecting a decrease from the previous quarter's margin of 0.60%. This negative pretax margin indicates that the company's operating expenses outweighed its revenues before accounting for taxes.
Comparing Q4 2023 to the same period in the prior year (Q4 2022), there has been a significant decrease in pretax margin from 11.76% to -0.03%. This suggests that Regal Rexnord Corp may have faced challenges or incurred exceptional costs during this period that impacted its profitability.
Furthermore, the pretax margin of the company in Q4 2023 is lower than the average pretax margin of the previous four quarters, indicating a potential deterioration in profitability. It is essential for the company to closely monitor its cost structure and operational efficiency to improve its pretax margin in the upcoming quarters.
Peer comparison
Dec 31, 2023