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) 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.