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Regal Rexnord Corporation - RRX STOCK NEWS

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.

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Regal Rexnord Corporation (NYSE: RRX) is set to announce its Q1 2022 financial results on April 27, 2022, after market closure. A conference call will follow on April 28, 2022, at 9:00 am CT to discuss these results, accessible via the company's investor website. Regal Rexnord, a leader in industrial powertrain solutions and energy-efficient products, operates in multiple segments, including Motion Control and Climate Solutions, with a global presence headquartered in Beloit, Wisconsin.

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Regal Rexnord Corporation (NYSE: RRX) reported a strong fourth quarter for 2021, achieving a 56% increase in sales compared to the previous year and 11% organic growth. Daily orders rose 32% in Q4 and approximately 24% in January. Adjusted EBITDA margin improved by 140 basis points to 18.7%, with adjusted diluted EPS at $2.14, slightly above guidance. For 2022, the company raised its adjusted EPS guidance to $10.00-$10.60 and GAAP EPS guidance to $6.95-$7.55. CEO Louis Pinkham highlighted successful integration efforts following recent acquisitions, despite facing inflationary pressures.

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Regal Rexnord Corporation (NYSE: RRX) announced a quarterly dividend of $0.33 per share, payable on April 14, 2022, to shareholders on record by March 31, 2022. The company has maintained a consistent dividend payment since January 1961. Regal Rexnord, a global leader in industrial powertrain solutions, focuses on energy-efficient products across four operating segments: Motion Control Solutions, Climate Solutions, Commercial Systems, and Industrial Systems. The CEO emphasized the company's commitment to technology leadership and sustainable practices.

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Regal Rexnord Corporation (NYSE: RRX) will release its fourth quarter 2021 financial results after market close on February 2, 2022. A conference call is scheduled for February 3, 2022, at 9:00 am CT to discuss these results. Interested parties can access the call via the company's Investors website or by phone. Regal Rexnord is a leader in manufacturing industrial powertrain solutions and aims to produce energy-efficient products, contributing to a sustainable future.

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Regal Rexnord Corporation (NYSE: RRX) announced a shift in its corporate charitable giving strategy, moving towards a more decentralized model in 2021. Associates across four segments now take primary responsibility for selecting charities, with a focus on geographic diversity reflecting the communities where they live and work. CEO Louis Pinkham stated that these efforts aim to align with the company’s values and support international communities. This initiative marks a significant change from the previous, U.S.-centric approach.

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Regal Rexnord Corporation (NYSE: RRX) has successfully acquired Arrowhead Systems for $297 million in cash. This acquisition supports Regal Rexnord's strategy of enhancing growth and margins through Arrowhead's advanced automation and palletizer solutions, which meet increasing consumer demand for eco-friendly packaging. The deal is expected to generate $12 million in synergies and an ROIC exceeding 10% by year five. Arrowhead will operate under Regal Rexnord's Motion Control Solutions segment, aligning with their focus on industrial automation.

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Regal Rexnord Corporation (NYSE: RRX) reported robust Q3 2021 results, with an 18% sales increase year-over-year, achieving a record adjusted operating margin of 14.2%. Adjusted diluted EPS rose 36% to $2.36. The company successfully completed the acquisition of Arrowhead Systems for $297 million, anticipated to enhance growth prospects. Daily orders increased by 27% in Q3. Guidance for Q4 includes adjusted diluted EPS between $1.97 to $2.27, reflecting continued positive momentum despite supply chain challenges.

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Regal Rexnord Corporation (NYSE: RRX) declared a quarterly dividend of $0.33 per share during its Board of Directors meeting on October 26, 2021. This dividend is payable on January 14, 2022, to shareholders on record by December 31, 2021. The company has maintained a consistent dividend payout since January 1961, highlighting its commitment to shareholder returns. Regal Rexnord is a leader in industrial powertrain solutions and operates four main segments: Motion Control Solutions, Climate Solutions, Commercial Systems, and Industrial Systems.

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Regal Rexnord Corporation (NYSE: RRX) will release its third quarter 2021 financial results on November 1, 2021, after market close. A conference call is scheduled for November 2, 2021, at 9:00 am CST to discuss the results. Interested parties can access the call via Regal Rexnord's Investors website or by phone. A replay will be available for three months post-call.

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Regal Rexnord Corporation announced the completion of its merger with Rexnord Corporation's Process & Motion Control Business, enhancing its industrial power transmission capabilities. The merger, effective October 5, 2021, positions Regal to realize significant synergies, projected at $120 million over three years, and aims for adjusted EBITDA exceeding $1 billion for 2022. Regal will now focus on energy-efficient products, benefiting from a broader market reach and enhanced digital capabilities. Shareholders will receive a special cash dividend of $6.99 per share, amounting to approximately $284 million.

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FAQ

What is the current stock price of Regal Rexnord Corporation (RRX)?

The current stock price of Regal Rexnord Corporation (RRX) is $170.22 as of November 4, 2024.

What is the market cap of Regal Rexnord Corporation (RRX)?

The market cap of Regal Rexnord Corporation (RRX) is approximately 11.5B.

What does Regal Rexnord Corporation specialize in?

Regal Rexnord specializes 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.

Where is Regal Rexnord Corporation headquartered?

Regal Rexnord Corporation is headquartered in Milwaukee, Wisconsin.

What are the main segments of Regal Rexnord Corporation?

The main segments of Regal Rexnord Corporation are Industrial Powertrain Solutions, Power Efficiency Solutions, and Automation & Motion Control.

What recent transactions has Regal Rexnord Corporation completed?

Regal Rexnord Corporation recently acquired Altra Industrial Motion Corp. and sold its Industrial Motors and Generators business to WEG S.A. for $400 million.

How does Regal Rexnord impact daily life?

Regal Rexnord's products are integral to HVAC systems, e-commerce conveyor systems, smart building power sources, agricultural and food service equipment, and more.

What is the company's vision?

Regal Rexnord's vision is to create a better tomorrow by sustainably converting power into motion, supported by its focus on energy-efficient and environmentally friendly products.

How many employees does Regal Rexnord Corporation have?

Regal Rexnord Corporation has over 30,000 employees worldwide.

What are the financial strategies of Regal Rexnord Corporation?

Regal Rexnord focuses on strong free cash flow generation, disciplined debt reduction, and strategic investments to enhance financial flexibility.

Which markets does Regal Rexnord serve?

Regal Rexnord serves markets including factory automation, food & beverage, aerospace, medical, data centers, warehouses, alternative energy, residential and commercial buildings, general industrial, construction, metals, mining, and agriculture.

Where can I find more information about Regal Rexnord Corporation?

For more information, visit Regal Rexnord's website at regalrexnord.com.

Regal Rexnord Corporation

NYSE:RRX

RRX Rankings

RRX Stock Data

11.46B
66.54M
0.52%
104.17%
1.67%
Specialty Industrial Machinery
General Industrial Machinery & Equipment, Nec
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United States of America
MILWAUKEE