Regal Rexnord Corp

Regal Rexnord Corp. engages in the manufacture of electric motors, electrical motion controls, power generation, and power transmission products. It operates through the following segments: Commercial Systems, Industrial Systems, Climate Solutions, and Power Transmission Solutions. The Commercial Systems segment produces fractional to 5 horsepower AC and DC motors, electric variable speed controls, fans, and blowers for commercial applications. The Industrial Systems segment produces integral motors, generators, alternators and switchgear for industrial applications. The Climate Solutions segment offers small motors, controls, and air moving solutions serving markets including residential and light commercial HVAC, water heaters and commercial refrigeration. The Power Transmission Solutions segment manufactures, sells, and services belt and chain drives, helical and worm gearing, mounted and unmounted bearings, couplings, modular plastic belts, conveying chains and components, hydraulic pump drives, large open gearing, and specialty mechanical products serving markets including beverage, bulk handling, metals, special machinery, energy, aerospace, and general industrial. The company was founded in 1955 and is headquartered in Beloit, WI.

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Earnings data Q4 2024

Regal Rexnord Corp (RRX) reports robust Q4 results and eyes strategic growth in 2023

Regal Rexnord Corp (RRX) delivered strong financial performance in Q4 2022 and full-year results, positioning well for 2023 with strategic initiatives.
Challenges include supply chain disruptions, China market volatility, and segment-specific pressures, requiring proactive management.
Opportunities lie in the Altra acquisition, backlog strength, maintaining price/cost balance, and strategic growth initiatives for sustained success.
Overall, Regal Rexnord Corp (RRX) shows resilience, innovation, and a strategic focus on driving value and market outperformance in 2023.

Regal Rexnord Corp reports solid Q1 results and anticipates growth opportunities with Altra acquisition

Regal Rexnord Corp's Q1 2023 earnings call highlighted solid financial performance, strategic focus on synergies from recent acquisitions, and expectations for growth and margin improvement. Despite challenges from destocking and market headwinds, the company remains optimistic about revenue growth opportunities and market positioning. Analyst inquiries focused on accretion expectations, margin progression, and synergies from the Altra acquisition.

Regal Rexnord Corp (RRX) reports robust Q2 performance and growth outlook

Regal Rexnord Corp (RRX) showcases strong sales growth and margin improvement, driven by successful Altra integration.
While facing challenges in certain segments, the company is strategically positioned to capitalize on growth opportunities.
Guidance adjustments reflect a focus on disciplined growth and value creation aligned with company values.
Management's emphasis on operational excellence and market-focused strategies bodes well for future performance.

Regal Rexnord reports strong cash flow but lowers 2023 guidance

Regal Rexnord's Q3 earnings call highlighted strong cash flow performance, challenges in organic sales, and a clear plan to reduce debt. The company expressed confidence in managing through market headwinds and emphasized the potential for improved performance in 2024.

Regal Rexnord Corp (RRX) posts strong Q4 results, eyes growth opportunities

Regal Rexnord Corp (RRX) reported strong Q4 performance with margin expansion and free cash flow generation. Despite challenges like destocking and weak demand, the company is optimistic about growth opportunities in various markets. Key focus areas for 2024 include achieving synergies, generating free cash flow, reducing debt, and launching new products.

Regal Rexnord Corp reports strong Q1 performance amidst market challenges

Regal Rexnord Corp's Q1 2024 performance reflects strong sales growth and margin improvement, despite challenges in organic sales and cautious outlook due to market uncertainties.
The company's strategic strengths include portfolio transformation goals, maintaining share position, and focusing on growth areas like powertrain solutions and conveying products.
While facing challenges in declining organic sales and market pressures, Regal Rexnord Corp has opportunities in conveying business growth, positive market outlooks, and synergies to drive future success.

Regal Rexnord Corp reports Q2 sales decline but shows order momentum

Regal Rexnord Corp faced sales declines in Q2 but showed positive momentum in orders.
Efforts to reduce debt and achieve synergies were notable achievements.
Introduction of Power Systems business and revised guidance highlight strategic shifts.
Overall, the company is focused on improving financial performance and cash flow.

Regal Rexnord Corp reports resilient Q3 performance amidst market challenges

Regal Rexnord Corp delivered strong financial performance in Q3 2024 despite challenges in certain segments.
The company's strategic focus on value-add products and cost efficiencies supported margin improvement and cash flow generation.
While facing market headwinds, Regal remains resilient and aims to drive growth through strategic initiatives in 2025.

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Regal Rexnord Corp. engages in engineering and manufacturing of factory automation sub-systems, industrial powertrain solutions, automation and mechanical power transmission components, electric motors and electronic controls, air moving products, and specialty electrical components and systems. Its segments include: Industrial Powertrain Solutions (“IPS”), Power Efficiency Solutions (“PES”), Automation & Motion Control (“AMC”) and Industrial Systems. The IPS segment designs, produces and services mounted and unmounted bearings, couplings, mechanical power transmission drives and components, gearboxes and gear motors, clutches, brakes, special components products and industrial powertrain components and solutions. The PES segment offers AC and DC motors, electronic variable speed controls, and blowers for residential, commercial HVAC, water heaters, commercial refrigeration, commercial building ventilation, pool and spa, irrigation, agriculture, conveying, and general commercial equipment markets. The AMC segment designs, produces and services conveyor products, conveying automation subsystems, aerospace components, rotary precision motion solutions, high-efficiency miniature motors and motion control products, automation transfer switches, switchgear for industrial applications and automation systems. The Industrial Systems segment designs and produces integral motors, alternators for industrial applications, along with aftermarket parts and kits to support such products. The company was founded in 1955 and is headquartered in Milwaukee, WI.

Regal Rexnord Corporation (RRX) Q4 2023 Earnings Call Transcript

While the top- and bottom-line numbers for Regal Rexnord (RRX) give a sense of how the business performed in the quarter ended December 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Compared to Estimates, Regal Rexnord (RRX) Q4 Earnings: A Look at Key Metrics

Regal Rexnord (RRX) came out with quarterly earnings of $2.28 per share, beating the Zacks Consensus Estimate of $2.26 per share. This compares to earnings of $2.64 per share a year ago.

Regal Rexnord (RRX) Tops Q4 Earnings Estimates

MILWAUKEE , Feb. 7, 2024 /PRNewswire/ -- Regal Rexnord Corporation (NYSE: RRX) Fourth Quarter Highlights GAAP Diluted EPS Of $0.84 And Adjusted Diluted EPS* Of $2.28, Delivering On Prior Commitments Strong Adjusted Free Cash Flow* Of $170.9 Million Paid Down $116.7 Million Of Gross Debt; Net Debt Declined By $153.2 Million; Net Debt To Pro Forma Adjusted EBITDA (Including Synergies)* Is Now 3.80 Sales Up 29.2% Versus PY, Down 6.9% On A Pro Forma Organic Basis* GAAP Net Income Decreased $46.1 Million Versus PY To $56.6 Million Adjusted EBITDA* Of $346.5 Million Adjusted EBITDA Margin* Of 21.5% Up 40 Basis Points Versus PY On A Pro Forma Basis* As Synergies And 80/20 More Than Offset End Market Volume Headwinds Full Year 2023 Highlights  Nearly Doubled Adjusted Free Cash Flow Versus PY With A Record $683.1 Million, Above Guidance Expectations Achieved Targeted $65 Million Of Synergies; On Track To Achieve $90 Million In 2024 GAAP Gross Margin Of 33.1% Up 110 Basis Points Versus 32.0% In 2022 Adjusted Gross Margin* Of 34.5% Up 150 Basis Points Versus 33.0% In 2022 Given Strong Synergies And Continued 80/20 Execution Completed Transformational Acquisition Of Altra Industrial Motion Corp. ("Altra") Reached Agreement To Sell Industrial Motors & Generators Business, Representing The Majority Of Industrials Systems Segment, For $400 Million, Which Remains On Track To Close In 1H 2024 Full Year 2024 Guidance  Introducing Guidance For 2024 GAAP Diluted EPS In A Range Of $4.58 To $5.38 And For Adjusted Diluted EPS In A Range Of $9.75 To $10.55 CEO Louis Pinkham commented, "Our team delivered strong performance in the fourth quarter - in line with our prior commitments - despite persistent destocking and various end market headwinds, especially in our PES segment. Strong execution supported enterprise adjusted EBITDA of $347 million and adjusted EBITDA margin rising by 40 basis points on a pro forma, year-over-year basis, on lower sales.

REGAL REXNORD REPORTS FOURTH QUARTER 2023 FINANCIAL RESULTS, CAPPING OFF A YEAR OF RECORD ANNUAL ADJUSTED FREE CASH FLOW AND SIGNIFICANT PORTFOLIO TRANSFORMATION

MILWAUKEE , Jan. 12, 2024 /PRNewswire/ -- Regal Rexnord Corporation (NYSE: RRX) announced today that it plans to release its fourth quarter 2023 financial results after the market closes on Wednesday, February 7, 2024. Regal Rexnord will host a conference call to discuss the earnings release at 9:00 am CT (10:00 am ET) on Thursday, February 8, 2024.

Regal Rexnord Corporation to Host Fourth Quarter 2023 Earnings Conference Call on Thursday, February 8, 2024

Regal Rexnord's organic revenue growth is expected to turn positive in FY24 due to healthy backlog levels, improving end-market conditions, and potential interest rate cuts. The company's revenue growth was negatively impacted by inventory destocking, but this is expected to improve as inventory levels stabilize. The company's margin growth prospects are positive, driven by productivity improvements, cost-saving initiatives, and portfolio transformation.

Regal Rexnord: Improving Growth Prospects And A Discounted Valuation

MILWAUKEE , Dec. 5, 2023 /PRNewswire/ -- Regal Rexnord Corporation (NYSE: RRX) today published its annual Sustainability Report. The report reaffirms critical elements of the Company's growth strategy, and provides an update on how it is executing them: Developing products and solutions that customers value, have leading energy efficiency, and are manufactured with sustainability in mind; Creating a diverse and inclusive workplace, where associates consistently leverage their unique experiences and perspectives to drive success for key stakeholders – customers, fellow associates and shareholders; and Maintaining sound corporate governance policies and practices, which are a cornerstone of effective risk management.

Regal Rexnord Corporation Announces Publication Of Annual Sustainability Report

MILWAUKEE , Nov. 6, 2023 /PRNewswire/ -- Regal Rexnord Corporation (NYSE: RRX) announced today that its CEO, Louis Pinkham, will present at the 2023 Baird Global Industrial Conference in Chicago, IL, on November 8, 2023, at 1:45 PM CT. To listen to the live audio and view the presentation during the call, please visit Regal Rexnord's Investor website: https://investors.regalrexnord.com.

REGAL REXNORD CHIEF EXECUTIVE OFFICER LOUIS PINKHAM TO PRESENT AT THE BAIRD 2023 GLOBAL INDUSTRIAL CONFERENCE

Regal Rexnord Corporation (NYSE:RRX ) Q3 2023 Earnings Conference Call November 2, 2023 10:00 AM ET Company Participants Robert Barry – Vice President-Investor Relations Louis Pinkham – Chief Executive Officer Rob Rehard – Chief Financial Officer Conference Call Participants Mike Halloran – Baird Julian Mitchell – Barclays Jeff Hammond – KeyBanc Capital Markets Nigel Coe – Wolfe Research Christopher Glynn – Oppenheimer Operator Good morning, and welcome to the Regal Rexnord Third Quarter 2023 Earnings Call. All participants will be in listen-only mode.

Regal Rexnord Corporation (RRX) Q3 2023 Earnings Call Transcript

The headline numbers for Regal Beloit (RRX) give insight into how the company performed in the quarter ended September 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Here's What Key Metrics Tell Us About Regal Beloit (RRX) Q3 Earnings

MILWAUKEE , Nov. 1, 2023 /PRNewswire/ -- Regal Rexnord Corporation (NYSE: RRX) Strong Free Cash Flow* Of $161.5 Million Paid Down $185 Million Of Gross Debt In The Quarter; Net Debt To Normalized Adjusted EBITDA* Is 3.86 Reached An Agreement To Sell Our Industrial Motors & Generators Businesses For $400 Million Sales Up 24.5% Versus PY, Or Down 8.5% On A Pro Forma Organic Basis GAAP Net Income Decreased $260.5 Million Versus PY To $(138.6) Million, Including Non-Cash Impairment Charges Of $173.7 Million Adjusted EBITDA Margin Of 20.6% Is Down 10bps Versus PY On A Pro Forma Basis, Equating To A Deleverage Rate Of 22.1%, As Synergies, 80/20 Actions And Positive Price/Cost Offset Volume & Mix Headwinds GAAP Diluted EPS Of $(2.10) And Adjusted Diluted EPS* Of $2.10 Now Expect Full Year GAAP Diluted EPS In A Range Of $(1.07) To $(0.87) And Adjusted Diluted EPS* In A Range Of $9.05 To $9.25 Versus $10.20 To $10.60 Previously. The Reduction In Adjusted Diluted EPS Primarily Factors Weaker Global Industrial Markets Reiterating Expectation For Free Cash Flow To Exceed $650 Million In 2023 CEO Louis Pinkham commented, "Our performance in the third quarter may best be summarized on two fronts.

REGAL REXNORD REPORTS THIRD QUARTER 2023 FINANCIAL RESULTS, INCLUDING STRONG FREE CASH FLOW

Regal Beloit (RRX) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: Regal Beloit (RRX) Q3 Earnings Expected to Decline

MILWAUKEE , Oct. 9, 2023 /PRNewswire/ -- Regal Rexnord Corporation (NYSE: RRX) announced today that it plans to release its third quarter 2023 financial results after the market closes on Wednesday, November 1, 2023. Regal Rexnord will host a conference call to discuss the earnings release at 9:00 am CT (10:00 am ET) on Thursday, November 2, 2023.

Regal Rexnord Corporation to Host Third Quarter 2023 Earnings Conference Call on Thursday, November 2, 2023

MILWAUKEE , Sept. 25, 2023 /PRNewswire/ -- Regal Rexnord Corporation (NYSE: RRX) announced today that it has entered into a definitive agreement to sell the Industrial Motors and Generators businesses that comprise the majority of its Industrial Systems segment to WEG, through certain subsidiaries of WEG S.A.

Regal Rexnord Corporation Announces Definitive Agreement To Sell Its Industrial Motors & Generators Businesses To WEG

BELOIT, Wis. , Sept. 8, 2023 /PRNewswire/ -- Regal Rexnord Corporation (NYSE: RRX) Regal Rexnord Corporation ("Regal Rexnord") today announced its decision, effective immediately, to change its corporate address from 200 State Street, Beloit, Wisconsin 53511 to: 111 West Michigan Street, Milwaukee, Wisconsin 53203 The new corporate location, one of the Company's largest offices, is already the headquarters for its Industrial Powertrain Solutions business segment.

REGAL REXNORD ANNOUNCES CHANGE IN CORPORATE ADDRESS

Regal Rexnord Corporation (NYSE:RRX ) Q2 2023 Results Conference Call August 1, 2023 10:00 AM ET Company Participants Robert Barry - Vice President, Investor Relations Louis Pinkham - Chief Executive Officer Rob Rehard - Executive Vice President and CFO Conference Call Participants Mike Halloran - Baird Julian Mitchell - Barclays Christopher Glynn - Oppenheimer Nigel Coe - Wolfe Research Walter Liptak - Seaport Jeff Hammond - KeyBanc Capital Markets Operator Good morning, and welcome to the Regal Rexnord Corporation Second Quarter 2023 Earnings Call. [Operator Instructions] Please note, this event is being recorded.

Regal Rexnord Corporation (RRX) Q2 2023 Earnings Call Transcript

While the top- and bottom-line numbers for Regal Beloit (RRX) give a sense of how the business performed in the quarter ended June 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Here's What Key Metrics Tell Us About Regal Beloit (RRX) Q2 Earnings

Regal Beloit (RRX) came out with quarterly earnings of $2.56 per share, beating the Zacks Consensus Estimate of $2.44 per share. This compares to earnings of $2.76 per share a year ago.

Regal Beloit (RRX) Q2 Earnings Surpass Estimates

BELOIT, Wis. , July 31, 2023 /PRNewswire/ -- Regal Rexnord Corporation (NYSE: RRX) Second Quarter Highlights Strong Free Cash Flow* Of $176.3 Million; Net Debt To Normalized Adjusted EBITDA* Reduced To 3.86 Sales Up 31.1% Versus PY GAAP Net Income Decreased $110 Million Versus PY To $33.2 Million; Adjusted EBITDA* Increased 34% Versus PY To $379.7 Million, And Adjusted EBITDA Margin* Increased 50bps Versus PY To 21.5% GAAP Diluted EPS Of $0.48 And Adjusted Diluted EPS* Of $2.56, Ahead Of Expectations Now Expect GAAP Diluted EPS In A Range Of $2.69 To $3.09 And Adjusted Diluted EPS* In A Range Of $10.20 To $10.60; The Mid-Point Reduction Primarily Factors Higher Depreciation & Interest Expense Raising Expectation For Free Cash Flow, Now Over $650 Million In 2023 CEO Louis Pinkham commented, "Our second quarter results exceeded our targets, reflecting the hard work and strong execution of our Regal Rexnord team and the effectiveness of our 80/20 and RBS initiatives.

NEWLY TRANSFORMED REGAL REXNORD REPORTS STRONG SECOND QUARTER 2023 FINANCIAL RESULTS; THREE MONTHS IN, ALTRA INTEGRATION & SYNERGY REALIZATION GOING VERY WELL

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Regal Beloit (RRX) is on the Move, Here's Why the Trend Could be Sustainable

BELOIT, Wis. , July 24, 2023 /PRNewswire/ -- Louis Pinkham, Chief Executive Officer of Regal Rexnord Corporation (NYSE: RRX), announced that the Board of Directors, at its regular quarterly meeting held on July 24, 2023, declared a dividend of $0.35 per share.

Regal Rexnord Corporation Declares Quarterly Dividend Of $.35 Per Share

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Is Regal Beloit (RRX) Stock Outpacing Its Industrial Products Peers This Year?

BELOIT, Wis. , July 11, 2023 /PRNewswire/ -- Regal Rexnord Corporation (NYSE: RRX) announced today that it plans to release its second quarter 2023 financial results after the market closes on Monday, July 31, 2023.

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