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.
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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.