Regal Rexnord Corp Stock Price, News & Analysis

Regal Rexnord (NYSE: RRX) reported Q3 2024 results with sales of $1,477.4 million, down 10.4% year-over-year. The company achieved record adjusted gross margin of 38.4% and adjusted EBITDA margin of 22.8%. GAAP net income was $73.0 million, with adjusted diluted EPS of $2.49, up 18.6%. The company paid down $114 million of debt in Q3 and updated its 2024 guidance, lowering adjusted EPS range to $9.15-$9.45 from $9.40-$9.80, citing weaker factory automation and general commercial demand.

Regal Rexnord (NYSE: RRX) has declared a quarterly dividend of $0.35 per share, payable on January 14, 2025, to shareholders of record as of December 31, 2024. The company has maintained an unbroken streak of quarterly dividend payments since January 1961. Regal Rexnord operates through three segments: Industrial Powertrain Solutions, Power Efficiency Solutions, and Automation & Motion Control, employing 30,000 associates globally. The company specializes in electric motors, power transmission components, and automation solutions, serving diverse markets including factory automation, aerospace, medical, and alternative energy.

Regal Rexnord (NYSE: RRX) has announced its plans to release third quarter 2024 financial results after market close on Monday, November 4, 2024. The company will host a conference call to discuss the earnings on Tuesday, November 5, 2024, at 9:00 am CT. Investors can access the live audio and presentation on Regal Rexnord's Investor website or dial in to listen and ask questions.

Regal Rexnord is a global company with 30,000 associates, providing sustainable solutions for power, motion transmission, and control. The company operates in three segments: Industrial Powertrain Solutions, Power Efficiency Solutions, and Automation & Motion Control. Its products serve various end markets benefiting from secular demand trends, including factory automation, aerospace, data centers, and alternative energy.

Regal Rexnord (NYSE: RRX) hosted its 2024 Investor Day, introducing new three-year financial targets. The company maintained its 2024 guidance with sales of $6.2 billion and adjusted diluted EPS of $9.40 to $9.80, but now expects results in the lower half of the range. For 2024-2027, RRX targets:

- Organic net sales growth at 2% to 5% CAGR
- Adjusted gross margins rising to ~40% by 2025
- Adjusted EBITDA margins increasing to ~25% by 2025
- Adjusted diluted EPS growth at low double-digit CAGR
- Adjusted free cash flow margins in low- to mid-teens by 2027
- Net leverage declining to ~2.5x in 2025 and 1.5-2.0x by 2027

CEO Louis Pinkham emphasized opportunities for significant shareholder value creation through organic growth initiatives, margin expansion, and potential inorganic growth.

Regal Rexnord (NYSE: RRX) has published its annual Sustainability Report, highlighting progress towards its 2032 sustainability goals. The report emphasizes the company's focus on developing innovative products and sustainable solutions, creating a diverse workplace, and maintaining sound corporate governance.

Key achievements in 2023 include:

• 15.5% year-over-year reduction in absolute Scope 1 and 2 GHG emissions
• 10.2% decrease in GHG emission intensity
• Approximately 60% of products now make end users' applications more environmentally friendly
• High employee engagement, outperforming manufacturing norms by 5 points

The report also includes Scope 3 GHG emissions data for the first time. CEO Louis Pinkham emphasized the company's commitment to aligning innovation and sustainability initiatives with customer goals and Regal Rexnord Values.

Regal Rexnord (NYSE: RRX) has announced its upcoming 2024 Investor Day, scheduled for September 17, 2024, at the Mandarin Oriental Hotel in New York City. The event, running from 8:30 AM to Noon ET, will feature presentations by CEO Louis Pinkham, CFO Rob Rehard, and other executive leaders. They will discuss the company's plans for accelerating profitable growth and driving value creation.

The hybrid event will include in-person and virtual attendance options, with pre-registration required. Presentations will cover the company's growth strategy, mid-term financial targets, and capital allocation priorities. A live webcast and Q&A session will be available, with a replay accessible on Regal Rexnord's Investor website.

Regal Rexnord, with 30,000 associates worldwide, operates in three segments: Industrial Powertrain Solutions, Power Efficiency Solutions, and Automation & Motion Control. The company serves various end markets benefiting from secular demand trends.

Regal Rexnord (NYSE: RRX) reported strong Q2 2024 results with GAAP Diluted EPS of $0.94 and Adjusted Diluted EPS of $2.29. The company generated $136.4 million in Adjusted Free Cash Flow and is on track to meet its full-year outlook of ~$700 million. Sales were $1,547.6 million, down 12.5% year-over-year, with an Adjusted EBITDA of $335.3 million. RRX paid down $480.9 million of gross debt and is progressing towards its goal of ~$900 million debt reduction this year. The company updated its 2024 guidance, now expecting GAAP Diluted EPS of $3.70 to $4.10 and Adjusted Diluted EPS of $9.40 to $9.80.

Regal Rexnord (NYSE: RRX) has declared a quarterly dividend of $0.35 per share, payable on October 11, 2024, to shareholders of record at the close of business on September 27, 2024. This announcement, made by CEO Louis Pinkham, continues the company's tradition of paying dividends every quarter since January 1961.

Regal Rexnord is a global company with 30,000 associates, specializing in sustainable solutions for powering, transmitting, and controlling motion. The company operates in three segments: Industrial Powertrain Solutions, Power Efficiency Solutions, and Automation & Motion Control. Its products serve various end markets benefiting from secular demand trends, including factory automation, aerospace, medical, and alternative energy.

Regal Rexnord (NYSE: RRX) will release its second quarter 2024 financial results after market close on July 31, 2024. The company will hold an earnings conference call on August 1, 2024, at 9:00 am CT (10:00 am ET) to discuss the results. Participants can join via a live webcast on Regal Rexnord's Investor website or by phone. Replays will be available for three months.

Regal Rexnord, headquartered in Milwaukee, offers electric motors, air moving subsystems, power transmission components, and automation solutions. It operates through three segments: Industrial Powertrain Solutions, Power Efficiency Solutions, and Automation & Motion Control. The company serves markets including factory automation, aerospace, food & beverage, medical, and more.