Basis of Presentation The Company operates on a 52/53 week fiscal year ending on the Saturday closest to December 31. The fiscal year ended January 1, 2022 was 52 weeks, the fiscal year ended January 2, 2021 was 53 weeks and the fiscal year ended December 28, 2019 was 52 weeks.
Effective for fiscal year 2022, the Company approved a change in the fiscal year end from a 52-53 week year ending on the Saturday closest to December 31 to a calendar year ending on December 31. The Company will make the fiscal year change on a prospective basis and will not adjust operating results for prior periods. The change to the Company’s fiscal year will not impact the Company’s results for the year ended January 1, 2022. While this change will impact the comparability of future results with each of the fiscal quarters and the annual fiscal period in 2022, the impact is not expected to be material to our quarterly or annual results.
Free historical financial statements for Regal Rexnord Corp.
See how revenue, income, cash flow, and balance sheet financials have changed over 50 quarters since 2011. Compare with RRX stock chart to see long term trends.