Strong Order Growth
Orders in the fourth quarter increased 4.4% on a daily basis, with AMC orders up nearly 9% and IPS orders up nearly 4%.
Gross Margin Expansion
Adjusted gross margin for the full fiscal year was 37.8%, up 210 basis points versus the prior year, excluding industrial.
Debt Reduction
Regal Rexnord Corporation paid down $205 million of debt in the fourth quarter and $938 million for the full year, exceeding their goal.
Partnership with Honeywell Aerospace
Announced a partnership with Honeywell Aerospace to provide solutions for the advanced air mobility market, positioning Regal Rexnord Corporation for potential growth.
Positive Project Wins in IPS
IPS achieved an adjusted EBITDA margin of 26% in the quarter, up two points versus the prior year, aided by synergy realization.