Welcome to our dedicated page for Regal Rexnord news (Ticker: RRX), a resource for investors and traders seeking the latest updates and insights on Regal Rexnord stock.
Regal Rexnord Corp (RRX) delivers engineered solutions powering industrial, commercial, and residential systems worldwide. This news hub provides investors and industry professionals with authoritative updates on the company’s latest developments.
Track official press releases covering financial results, strategic partnerships, and product innovations across power transmission, motion control, and HVAC technologies. Our curated collection ensures timely access to material announcements while maintaining compliance with financial disclosure standards.
Key updates include earnings reports, manufacturing advancements, and market expansion initiatives that demonstrate RRX’s leadership in energy-efficient industrial solutions. Content is verified for accuracy and relevance to support informed decision-making.
Bookmark this page for streamlined access to Regal Rexnord’s evolving role in automation, climate control systems, and industrial powertrain solutions. Check regularly for updates reflecting the company’s global impact across critical infrastructure sectors.
Regal Rexnord reported strong first-quarter 2024 financial results, with a focus on debt reduction and portfolio transformation. The company sold its Industrial Systems business, leading to net proceeds used for debt reduction. Despite market headwinds in the PES segment, the company remains cautiously optimistic and continues to work on value creation opportunities.
Key financial highlights include a GAAP EPS of $0.30 and adjusted diluted EPS of $2.00, sales of $1,547.7 million, adjusted free cash flow of $64.6 million, and adjusted EBITDA of $317.4 million. The company is updating its annual guidance for 2024, with GAAP diluted EPS to range from $3.97 to $4.77 and adjusted diluted EPS from $9.60 to $10.40.
Regal Rexnord announced its evolved business purpose after completing the sale of its Industrial Motors and Generators businesses, marking the end of a strategic portfolio transformation. The Company's portfolio now focuses on industrial power transmission, factory automation solutions, and high-efficiency electric motors and air moving subsystems. With a shift towards more innovative, industry-leading products, Regal Rexnord aims to achieve a 40% adjusted gross margin by 2025. The new purpose emphasizes sustainable solutions that power, transmit, and control motion, reflecting the Company's commitment to growth and value creation.
Regal Rexnord announced the closure of the sale of its Industrial Motors and Generators business to WEG S.A., totaling $400 million, with plans to use the proceeds to reduce debt. The Company focuses on providing sustainable solutions for motion control and operates in various end markets.
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