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.
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Regal Rexnord Corporation (NYSE: RRX) announced on April 24, 2023, that its Board of Directors declared a quarterly dividend of $0.35 per share. This dividend will be payable on July 14, 2023, to shareholders recorded by the close of business on June 30, 2023. Regal Rexnord has consistently paid dividends since January 1961, showcasing its commitment to shareholder returns. The company specializes in factory automation systems, industrial powertrain solutions, and energy-efficient products through its four operating segments: Industrial Powertrain Solutions, Power Efficiency Solutions, Automation & Motion Control, and Industrial Systems. Headquartered in Beloit, Wisconsin, Regal Rexnord has a global reach with manufacturing and service facilities worldwide.
Regal Rexnord Corporation (NYSE: RRX) is set to release its Q1 2023 financial results on May 4, 2023, after market close.
The company will present the results during a conference call scheduled for 9:00 am CT (10:00 am ET) on May 5, 2023. Interested parties can access the call via the Regal Rexnord Investor website or by phone.
This earnings call will provide insights into Regal Rexnord's performance across its segments, which include Industrial Powertrain Solutions, Power Efficiency Solutions, Automation & Motion Control, and Industrial Systems. The company is recognized for its commitment to energy-efficient solutions.
On March 27, 2023, Regal Rexnord completed its acquisition of Altra Industrial Motion for $4.95 billion, enhancing its automation portfolio and positioning it for accelerated growth. The merger is expected to generate $160 million in annual cost synergies by year four and is aimed at achieving a net debt/EBITDA ratio below 2.5x by 2025. Regal Rexnord anticipates significant revenue growth in secular markets, with pro forma revenue projections reaching $8.3 billion by 2025 and adjusted EPS of ~$18. The company aims for an adjusted gross margin of ~40% in 2025, up from 33% in 2022, driven by improved product mix and operational efficiencies.