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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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.

BELOIT, Wis. , Jan. 24, 2023 /PRNewswire/ -- Regal Rexnord Corporation (NYSE: RRX) (the "Company") today announced that it has closed its previously announced offering of $4.7 billion aggregate principal amount of its senior unsecured notes (collectively, the "Notes").

Regal Rexnord Corporation Announces Closing of Senior Notes Offering

BELOIT, Wis. , Jan. 16, 2023 /PRNewswire/ -- Regal Rexnord Corporation (NYSE: RRX) announced today that it plans to release its fourth quarter 2022 financial results after the market closes on Wednesday, February 1, 2023.

Regal Rexnord Corporation to Host Fourth Quarter 2022 Earnings Conference Call on Thursday, February 2, 2023

BELOIT, Wis. , Jan. 9, 2023 /PRNewswire/ -- Regal Rexnord Corporation (NYSE: RRX) (the "Company") today announced the pricing of $4.7 billion aggregate principal amount of its senior unsecured notes, comprised of the following tranches (collectively, the "Notes"): $1,100,000,000 aggregate principal amount of its 6.05% Senior Notes due 2026, $1,250,000,000 aggregate principal amount of its 6.05% Senior Notes due 2028, $1,100,000,000 aggregate principal amount of its 6.30% Senior Notes due 2030 and $1,250,000,000 aggregate principal amount of its 6.40% Senior Notes due 2033.

Regal Rexnord Corporation Announces Pricing Of Senior Notes Offering

BELOIT, Wisc., Jan. 5, 2023 /PRNewswire/ -- Regal Rexnord Corporation (NYSE: RRX) (the "Company") today announced that it intends to offer senior unsecured notes (the "Notes") in a private placement to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"), and persons outside the United States in accordance with Regulation S under the Securities Act (the "Notes Offering").

Regal Rexnord Corporation Announces Senior Notes Offering

BELOIT, Wis. , Dec. 22, 2022 /PRNewswire/ -- Regal Rexnord Corporation (NYSE: RRX) announced today that Michael P.

MICHAEL P. DOSS JOINS REGAL REXNORD BOARD OF DIRECTORS

BELOIT, Wis. , Dec. 5, 2022 /PRNewswire/ -- Regal Rexnord Corporation (NYSE: RRX) today published its 2022 Sustainability Report.

Regal Rexnord Corporation Announces Publication Of 2022 Sustainability Report

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BELOIT, Wis., Nov. 30, 2022 /PRNewswire/ -- Regal Rexnord Corporation (NYSE: RRX) today announced that it intends to explore strategic alternatives for the global motors and generators businesses ("Motors and Generators") that represent a majority of the sales within its Industrial Systems reporting segment.

Regal Rexnord Corporation Announces It Will Explore Strategic Alternatives For Businesses In The Industrial Systems Segment

BELOIT, Wis., Nov. 17, 2022 /PRNewswire/ -- Regal Rexnord Corporation (NYSE: RRX) today announced that it has completed the first phase of financing for its proposed acquisition of Altra Industrial Motion Corp. ("Altra"), by successfully amending its credit agreement, and upsizing its revolver and an existing Term Loan, by $1.1 billion.

Regal Rexnord Announces Successful First Phase Of Financing For Proposed Acquisition Of Altra

BELOIT, Wis. , Nov. 7, 2022 /PRNewswire/ -- Regal Rexnord Corporation (NYSE: RRX) today announced that CEO Louis Pinkham and CFO Rob Rehard are scheduled to present at the Baird 2022 Global Industrial Conference in Chicago on Wednesday, November 9 at 12:00 PM CT.

REGAL REXNORD CORPORATION TO PARTICIPATE AT BAIRD 2022 GLOBAL INDUSTRIALS CONFERENCE

BELOIT, Wis. , Nov. 4, 2022 /PRNewswire/ -- Regal Rexnord Corporation (NYSE: RRX) today announced that it has received investment grade corporate ratings from Moody's and Fitch.

REGAL REXNORD RATED INVESTMENT GRADE BY MOODY'S AND FITCH

Regal Rexnord Corporation (NYSE:RRX ) Q3 2022 Results Conference Call November 1, 2022 10:00 AM ET Company Participants Robert Barry - VP of IR Louis Pinkham - CEO and Director Robert Rehard - VP and CFO Conference Call Participants Michael Halloran - Baird Julian Mitchell - Barclays Jeff Hammond - KeyBanc Joe Ritchie - Goldman Sachs Christopher Glynn - Oppenheimer Nigel Coe - Wolfe Research Chris Dankert - Loop Capital Operator Good morning, and welcome to the Regal Rexnord Third Quarter 2022 Earnings Conference Call. [Operator Instructions] Please note this event is being recorded.

Regal Rexnord Corporation (RRX) Q3 2022 Earnings Call Transcript

Regal Beloit (RRX) delivered earnings and revenue surprises of 0% and 0.40%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Regal Beloit (RRX) Q3 Earnings Match Estimates

Altra Industrial Motion

BELOIT, Wis. , Oct. 31, 2022 /PRNewswire/ -- Regal Rexnord Corporation (NYSE: RRX) Third Quarter Highlights Sales Up 48% Versus PY And Up 8% On An Organic Basis* Daily Orders Down 3.6% In 3Q Versus PY On A Pro Forma, Constant Currency Basis Backlog Up Nearly 70% Versus Beginning of 2021; Book-To-Bill Ratio Above 1.00 For Prior 7 Quarters, Averaging 1.10 In 2021 and 1.01 YTD In 2022 Adjusted EBITDA Margin* Up 120 Basis Points Versus PY To 20.9%; Price/Cost Remained Positive Adjusted Diluted EPS* Of $2.66 Versus $2.88 In PY; GAAP Diluted EPS Of $1.80 Versus $1.95 In PY Free Cash Flow Conversion* Of 93% Net Debt To Adjusted EBITDA Of 1.4x Raising Guidance Mid-Point By Revising 2022 Annual Guidance For Adjusted EPS To A Range Of $10.35 To $10.75 From $10.20 To $10.80 And Revising GAAP EPS Guidance To A Range Of $7.15 To $7.55 From $7.01 To $7.61 M&A Synergies Remain Ahead Of Plan CEO Louis Pinkham commented, "I am extremely pleased with our 3Q performance.

REGAL REXNORD CORPORATION REPORTS STRONG THIRD QUARTER 2022 FINANCIAL RESULTS

NEW YORK , Oct. 27, 2022 /PRNewswire/ -- Weiss Law is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Altra Industrial Motion Corp. ("Altra" or the "Company") (NASDAQ: AIMC) in connection with the proposed acquisition of the Company by Regal Rexnord Corporation (NYSE: RRX). Under the merger agreement, the Company's shareholders will receive $62.00 in cash for each share of Altra common stock owned.

SHAREHOLDER ALERT: Weiss Law Investigates Altra Industrial Motion Corp.

Altra Industrial Motion's shareholders liked today's announcement more than Regal Rexnord's.

Acquisition Announcement Sends Altra Industrial Motion Higher and Regal Rexnord Into Tailspin

Regal Rexnord Corporation (NYSE: RRX) announced it is buying Altra Industrial Motion Corp. (AIMC) for $4.95 billion. These are the details.

Why Regal Rexnord (RRX) Is Buying Altra Industrial Motion (AIMC) For $4.95 Billion

Shares of Altra Industrial Motion Corp. AIMC, +1.95% rocketed 48.1% toward an 11-month high in premarket trading Thursday, after the electromechanical power transmission motion controls company announced an agreement to be acquired by Regal Rexnord Corp. RRX, +0.84% in a cash deal with an enterprise value of $4.95 billion. Regal's stock was still untraded in the premarket.

Altra Industrial Motion stock rockets after buyout deal with Regal Rexnord at a 54% premium

Transforms Regal Rexnord's automation portfolio into a meaningful, global automation solutions provider, with over 70% of its sales into markets with secular growth tailwinds Combines complementary power transmission portfolios to deliver enhanced industrial powertrain solutions for customers Re-balances Regal Rexnord's portfolio between Motion Control (48% of pro forma sales), Climate Solutions (15%), Commercial Systems (15%), Automation & Specialty (13%), and Industrial Systems (9%) Anticipated annualized cost synergies of $160 million by year four, plus significant revenue cross-marketing opportunities Creates compelling value for Regal Rexnord shareholders, with new growth opportunities and attractive expected financial returns, including accretion in the first full year, double digit accretion thereafter, and ROIC >10% by year five Strong pro forma free cash flow enables rapid de-levering, with net debt/adjusted EBITDA expected to be 2.5-3.0x in 2024, and decline to a target of 2.0-2.5x thereafter Accelerates R&D and new product development; enhances digital and IIoT strategy Record combined backlog of ~$2.3 billion 1 improves near-term visibility Infuses significant new talent into the organization to support and accelerate growth and margin enhancement initiatives Unites aligned cultures with deep commitment to serving customers and driving efficiencies BELOIT, Wis. , Oct. 27, 2022 /PRNewswire/ -- Regal Rexnord Corporation (NYSE: RRX) today announced that it has reached a definitive agreement with Altra Industrial Motion Corp. (Nasdaq: AIMC) providing for Regal Rexnord to acquire 100% of Altra shares in an all cash transaction for $62.00 per share.

REGAL REXNORD TO ACQUIRE ALTRA INDUSTRIAL MOTION

BELOIT, Wis. , Oct. 12, 2022 /PRNewswire/ -- Regal Rexnord Corporation (NYSE: RRX) announced today that it plans to release its third quarter 2022 financial results after the market closes on Monday, October 31, 2022.

Regal Rexnord Corporation to Host Third Quarter 2022 Earnings Conference Call on Tuesday, November 1, 2022

Dollar General

Dollar General and Regal Rexnord are among top stocks that have hit new relative strength highs and are approaching buy points. The post Top Stocks Dollar General And Regal Rexnord Hit Relative Strength Highs, Approach Buy Points appeared first on Investor's Business Daily.

Top Stocks Dollar General And Regal Rexnord Hit Relative Strength Highs, Approach Buy Points

BELOIT, Wis. , Sept. 13, 2022 /PRNewswire/ -- Regal Rexnord Corporation (NYSE: RRX) is hosting its 2022 Investor Day today at The New York Stock Exchange beginning at 8:00AM ET.

REGAL REXNORD CORPORATION HOSTS 2022 INVESTOR CONFERENCE, REAFFIRMS 2022 GUIDANCE, INTRODUCES NEW THREE YEAR FINANCIAL TARGETS AND NET ZERO GOALS

BELOIT, Wis. , Aug. 17, 2022 /PRNewswire/ -- Regal Rexnord Corporation (NYSE: RRX) will host an investor conference on Tuesday, September 13, 2022, from 8:00 AM ET to 12:00 PM ET at the New York Stock Exchange.

REGAL REXNORD CORPORATION TO HOST INVESTOR CONFERENCE

Regal Rexnord Corporation (NYSE:RRX ) Q2 2022 Earnings Conference Call August 2, 2022 10:00 AM ET Company Participants Rob Barry – Vice President of Investor Relations Louis Pinkham – Chief Executive Officer Rob Rehard – Vice President and Chief Financial Officer Conference Call Participants Mike Halloran – Baird Jeff Hammond – KeyBanc Joe Ritchie – Goldman Sachs Nigel Coe – Wolfe Research Walt Liptak – Seaport Chris Dankert – Loop Capital Julian Mitchell – Barclays Operator Good morning, and welcome to the Regal Rexnord 2022 Second Quarter Earnings Conference Call. All participants will be in listen-only mode.

Regal Rexnord Corporation's (RRX) CEO Louis Pinkham on Q2 2022 Results - Earnings Call Transcript

Regal Beloit (RRX) delivered earnings and revenue surprises of 5.34% and 1.94%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

News for Regal Rexnord Corp Stock (RRX)