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 (NYSE: RRX) is a Milwaukee-based manufacturer focused on industrial powertrain solutions, power transmission components, electric motors, electronic controls, air-moving products and automation technologies. This news page aggregates company announcements, earnings updates and other disclosures that help investors and industry followers track how Regal Rexnord is performing across its Automation & Motion Control, Industrial Powertrain Solutions and Power Efficiency Solutions segments.
News coverage for Regal Rexnord commonly includes quarterly and annual financial results, earnings conference call details, segment performance commentary and guidance updates. The company regularly issues press releases about orders and trends in key end markets such as data centers, discrete automation, food and beverage, aerospace, medical, energy, residential and commercial buildings, general industrial, and metals and mining. These updates often highlight order momentum, project timing, and demand conditions across its segments.
Regal Rexnord also releases news about capital allocation and shareholder returns, including quarterly dividend declarations, as well as information about leadership changes and governance matters. Announcements may cover executive appointments or transitions, CEO succession processes and participation in investor conferences. In addition, the company provides updates related to sustainability, emissions reduction and safety metrics through its news releases.
By following this RRX news feed, readers can review a chronological record of Regal Rexnord’s public communications, from financial results and outlook commentary to strategic initiatives described in its press releases. This page is a convenient way to monitor how the company describes developments in its markets, its operating performance and its priorities across automation, motion control, powertrain and power efficiency solutions.
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.
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.
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.
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.
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.