Welcome to our dedicated page for Regal Rexnord news (Ticker: RRX), a resource for investors and traders seeking the latest updates and insights on Regal Rexnord stock.
Regal Rexnord Corporation manufactures engineered motion products, including electric motors, air-moving subsystems, power transmission components, controllers, drives, precision motors and actuators. Its reported segments include Automation & Motion Control, Industrial Powertrain Solutions and Power Efficiency Solutions, with end markets spanning discrete automation, food and beverage, aerospace and defense, medical, data center, energy, buildings, general industrial, and metals and mining.
Company news commonly covers orders, backlog, sales, earnings, segment demand, quarterly dividend declarations, investor conference participation and leadership succession. Updates also describe conditions in short-cycle distribution, OEM channels, commercial HVAC, data center demand and broader industrial automation markets.
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.
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.
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.
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.
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.
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.
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.