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 (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.
Regal Rexnord (NYSE: RRX) has unveiled the next generation of its Perceptiv™ Intelligent Reliability and Maintenance Solution for industrial manufacturing. This new platform integrates machine condition monitoring with predictive maintenance, using in-field sensors and gateways to collect data sent to customers' systems or the Perceptiv Web Platform for analysis. Key improvements include a unified architecture leveraging Microsoft Azure, a new Universal Gateway, and enhanced sensor compatibility. Benefits include reduced failures, extended machine life, and increased energy efficiency, potentially saving customers $250,000 annually on average.
Regal Rexnord reported strong first-quarter 2024 financial results, with a focus on debt reduction and portfolio transformation. The company sold its Industrial Systems business, leading to net proceeds used for debt reduction. Despite market headwinds in the PES segment, the company remains cautiously optimistic and continues to work on value creation opportunities.
Key financial highlights include a GAAP EPS of $0.30 and adjusted diluted EPS of $2.00, sales of $1,547.7 million, adjusted free cash flow of $64.6 million, and adjusted EBITDA of $317.4 million. The company is updating its annual guidance for 2024, with GAAP diluted EPS to range from $3.97 to $4.77 and adjusted diluted EPS from $9.60 to $10.40.