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Regal Rexnord Corp - RRX STOCK NEWS

Welcome to our dedicated news page for Regal Rexnord (Ticker: RRX), a resource for investors and traders seeking the latest updates and insights on Regal Rexnord.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Regal Rexnord's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Regal Rexnord's position in the market.

News
Regal Rexnord Corporation to Host First Quarter 2024 Earnings Conference Call on Tuesday, May 7, 2024
Rhea-AI Summary
Regal Rexnord (NYSE: RRX) will host its first quarter 2024 earnings conference call on May 7, 2024, following the release of financial results on May 6, 2024. Investors can participate in the call by visiting the company's investor website or dialing in. A webcast and telephone replay will be available for three months after the call.
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Regal Rexnord Corporation Declares Quarterly Dividend of $.35 per share.
Rhea-AI Summary
Regal Rexnord declared a quarterly dividend of $0.35 per share. The dividend will be payable on July 12, 2024, to shareholders of record on June 28, 2024. The company has a history of paying dividends every quarter since January 1961. Regal Rexnord is a global leader in engineering and manufacturing various industrial products and components. The company focuses on producing socially conscious and environmentally-friendly products to meet customer demands in various industries.
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REGAL REXNORD REPORTS FOURTH QUARTER 2023 FINANCIAL RESULTS, CAPPING OFF A YEAR OF RECORD ANNUAL ADJUSTED FREE CASH FLOW AND SIGNIFICANT PORTFOLIO TRANSFORMATION
Rhea-AI Summary
Regal Rexnord Corporation (NYSE: RRX) reported strong financial performance in the fourth quarter of 2023. The company achieved GAAP Diluted EPS of $0.84 and Adjusted Diluted EPS of $2.28, with a strong adjusted free cash flow of $170.9 million. Sales were up 29.2% versus the previous year, and the company paid down $116.7 million of gross debt, leading to a decline in net debt by $153.2 million. The company also provided guidance for 2024, with a range of $4.58 to $5.38 for GAAP Diluted EPS and $9.75 to $10.55 for Adjusted Diluted EPS. The CEO highlighted the significant portfolio transformation and expressed optimism for the future, emphasizing the company's focus on self-help opportunities and value creation potential.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.14%
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earnings
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Regal Rexnord Corporation Declares Quarterly Dividend of $.35 per share.
Rhea-AI Summary
Regal Rexnord Corporation (RRX) declared a dividend of $0.35 per share, payable on April 12, 2024, to shareholders of record at the close of business on March 28, 2024. The company has paid a dividend every quarter since January 1961. Regal Rexnord is a global leader in engineering and manufacturing, focusing on socially conscious and environmentally-friendly products. The company operates in various end markets and is comprised of four operating segments. Regal Rexnord is headquartered in Milwaukee, Wisconsin, and has a global presence.
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-0.27%
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Regal Rexnord Corporation to Host Fourth Quarter 2023 Earnings Conference Call on Thursday, February 8, 2024
Rhea-AI Summary
Regal Rexnord Corporation (NYSE: RRX) is set to release its fourth quarter 2023 financial results on February 7, 2024, followed by a conference call on February 8, 2024. The company will host a webcast and provide a telephone replay for three months after the call.
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Regal Rexnord Corporation Announces Publication Of Annual Sustainability Report
Rhea-AI Summary
Regal Rexnord Corporation (NYSE: RRX) has published its annual Sustainability Report, emphasizing its growth strategy, progress towards carbon emission neutrality, and commitment to achieving Net Zero emissions. The report also highlights the acquisition of Altra Industrial Motion Corp. and the development of new sustainable and energy-efficient products. CEO Louis Pinkham expressed excitement about the company's initiatives and the increasing diversity and engagement of its associates.
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0.52%
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REGAL REXNORD CHIEF EXECUTIVE OFFICER LOUIS PINKHAM TO PRESENT AT THE BAIRD 2023 GLOBAL INDUSTRIAL CONFERENCE
Rhea-AI Summary
Regal Rexnord Corporation (NYSE: RRX) CEO, Louis Pinkham, will present at the 2023 Baird Global Industrial Conference on November 8, 2023. The presentation will be available on Regal Rexnord's Investor website.
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0.74%
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REGAL REXNORD REPORTS THIRD QUARTER 2023 FINANCIAL RESULTS, INCLUDING STRONG FREE CASH FLOW
Rhea-AI Summary
Regal Rexnord Corporation reported strong free cash flow of $161.5 million and paid down $185 million of gross debt in the quarter. They reached an agreement to sell their Industrial Motors & Generators businesses for $400 million. Sales increased by 24.5% compared to the previous year. However, GAAP net income decreased by $260.5 million to $(138.6) million, including non-cash impairment charges of $173.7 million. Adjusted EBITDA margin decreased by 10bps to 20.6%. They 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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-15.76%
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Regal Rexnord Corporation Declares Quarterly Dividend of $.35 per share
Rhea-AI Summary
Regal Rexnord Corporation declares quarterly dividend of $0.35 per share
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Regal Rexnord Corporation to Host Third Quarter 2023 Earnings Conference Call on Thursday, November 2, 2023
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Regal Rexnord Corporation to release Q3 2023 financial results
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3.08%
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Stock RRX logo
Regal Rexnord Corp

NYSE:RRX

RRX Rankings

#752 Ranked by Market Cap
#2394 Ranked by Stock Gains
#1876 Ranked by Dividends

RRX Stock Data

10.85B
66.03M
0.52%
100.87%
1.83%
Motor and Generator Manufacturing
Manufacturing
Link
US
Beloit

About RRX

all 29k+ associates at regal rexnord have a shared purpose: create a better tomorrow by energy-efficiently converting power into motion. we are a leading, global manufacturer of airflow, motion control, power transmission, and power generation solutions used in commercial, industrial and residential settings. you may not know it, but regal rexnord impacts your life every day. our products enable the fans in hvac systems that keep us comfortable; the power source that keeps smart buildings running; the agricultural and food service equipment that keeps us fed; and the conveyor systems that keep e-commerce flowing. regal rexnord is comprised of four operating segments: motion control solutions, climate solutions, commercial systems and industrial systems. regal rexnord is headquartered in beloit, wisconsin and has manufacturing, sales, and service facilities worldwide. for more information, visit regalrexnord.com.