Welcome to our dedicated page for Regal Rexnord Corporation news (Ticker: RRX), a resource for investors and traders seeking the latest updates and insights on Regal Rexnord Corporation stock.
Regal Rexnord Corporation (NYSE: RRX) is a global leader in the engineering and manufacturing of industrial powertrain solutions, power transmission components, electric motors, electronic controls, air moving products, and specialty electrical components and systems. Headquartered in Milwaukee, Wisconsin, Regal Rexnord operates across multiple sectors, providing essential products and services that drive the modern world.
The company is structured into three key segments: Industrial Powertrain Solutions, Power Efficiency Solutions, and Automation & Motion Control. These segments collectively serve diverse end markets such as factory automation, food & beverage, aerospace, medical, data centers, warehouses, alternative energy, residential and commercial buildings, general industrial, construction, metals, mining, and agriculture.
Regal Rexnord's extensive product portfolio includes highly engineered power transmission components and sub-systems, electric motors and air moving sub-systems, controls, actuators, drives, and small precision motors. These products are integral to applications ranging from HVAC systems to e-commerce conveyor systems, impacting daily life in numerous ways.
Recent achievements include the acquisition of Altra Industrial Motion Corp., which has significantly expanded the company's capabilities and market reach. Additionally, the company concluded the sale of its Industrial Motors and Generators business to WEG S.A. for $400 million, aligning its portfolio towards higher-margin, growth-oriented sectors.
Financially, Regal Rexnord has demonstrated robust performance with strong free cash flow generation and disciplined debt reduction strategies. The company anticipates using proceeds from recent transactions to further reduce debt and enhance financial flexibility.
Regal Rexnord is committed to producing energy-efficient and environmentally friendly products, addressing the rising secular demands of its customers. The company's vision, supported by its 30,000+ associates worldwide, is to create a better tomorrow by sustainably converting power into motion.
For the latest updates and detailed information, visit regalrexnord.com.
On October 28, 2022, Regal Rexnord Corporation (NYSE: RRX) declared a quarterly dividend of $0.35 per share, payable on January 13, 2023. Shareholders must be on record by the close of business on December 30, 2022. Regal Rexnord has maintained a consistent dividend payout since January 1961. The company excels in engineering and manufacturing industrial powertrain solutions and energy-efficient systems, contributing positively to both customers and environmental sustainability.
Regal Rexnord Corporation (NYSE: RRX) has announced its definitive agreement to acquire Altra Industrial Motion Corp. (Nasdaq: AIMC) for $62.00 per share, valuing Altra at $4.95 billion. The transaction is projected to accelerate Regal Rexnord's automation portfolio, with expected annualized cost synergies of $160 million by year four. Pro forma revenue for 2022 is anticipated to reach $7.2 billion, increasing to $8.3 billion by 2025, along with improved EBITDA margins. The acquisition aims to enhance shareholder value and capitalize on growth opportunities across various markets.
Regal Rexnord Corporation (NYSE: RRX) will release its third quarter 2022 financial results after market close on October 31, 2022. The company plans to host a conference call to discuss these results on November 1, 2022, at 9:00 am CT (10:00 am ET). Investors can listen live via Regal Rexnord's Investors website or by phone. A replay of the webcast and a telephone version will also be available for three months following the conference call.
Regal Rexnord is a global leader in industrial powertrain solutions and energy-efficient technologies, serving customers worldwide.
Regal Rexnord Corporation hosted its 2022 Investor Day on September 13, 2022, at the New York Stock Exchange. Key executives discussed strategic growth objectives including plans for organic revenue growth targeting a high single-digit rate, with estimates around $5.2 billion for 2022. The company reaffirmed its earnings guidance, with GAAP EPS between $7.01 and $7.61, and adjusted EPS between $10.20 and $10.80. New targets for 2023-2025 include organic net sales growth of 4% to 6% and a 300 basis point expansion in adjusted EBITDA margins.
Regal Rexnord Corporation (NYSE: RRX) is set to host an investor conference on September 13, 2022, from 8:00 AM ET to 12:00 PM ET at the New York Stock Exchange. The event will also feature a live webcast and a replay available on their website. Interested participants can register here or on their Investor Relations website.
Regal Rexnord Corporation (NYSE: RRX) reported a robust second quarter, with sales soaring by 52% year-over-year and 12% organically. Despite a 2% decline in daily orders, backlog increased by over 50% since early 2021, maintaining a strong book-to-bill ratio. Adjusted EBITDA margins improved by 230 basis points to 21.0%, supported by synergies from recent acquisitions. The company raised its 2022 adjusted EPS guidance to a range of $10.20 to $10.80, reflecting ongoing growth and operational improvements.
Regal Rexnord Corporation (NYSE: RRX) declared a quarterly dividend of $0.35 per share on July 25, 2022. This dividend is payable on October 14, 2022 to shareholders on record as of September 30, 2022. Regal Rexnord has consistently paid dividends since January 1961. As a leader in industrial powertrain solutions, the company focuses on energy-efficient products and systems across its four segments: Motion Control Solutions, Climate Solutions, Commercial Systems, and Industrial Systems.
On July 11, 2022, Regal Rexnord Corporation (NYSE: RRX) announced it will release its second quarter 2022 financial results after market closure on August 1, 2022. A conference call to discuss these earnings will take place on August 2, 2022, at 9:00 AM CT (10:00 AM ET). Investors can join the live audio call via the company's investor website or by phone. Regal Rexnord specializes in industrial powertrain solutions, serving a global customer base through its four operating segments: Motion Control Solutions, Climate Solutions, Commercial Systems, and Industrial Systems.
Regal Rexnord Corporation (NYSE: RRX) reported a robust first quarter of 2022, with sales surging 60% year-over-year and 15% organic growth. Adjusted diluted EPS reached $2.68, up 15%, surpassing GAAP EPS of $1.85.
Despite significant inflation and supply chain challenges, adjusted gross margins increased by 280 basis points and adjusted EBITDA margins rose to 21.4%. The company raised its 2022 adjusted EPS guidance to $10.10-$10.70.
Regal Rexnord Corporation (NYSE: RRX) declared a quarterly dividend of $0.35 per share on April 25, 2022, payable on July 14, 2022. Shareholders of record as of June 30, 2022, will receive this dividend. Regal Rexnord has consistently paid dividends since January 1961. The company specializes in industrial powertrain solutions and is committed to energy-efficient products. Headquartered in Beloit, Wisconsin, Regal Rexnord operates across four segments: Motion Control, Climate Solutions, Commercial Systems, and Industrial Systems.
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