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 Corporation (NYSE: RRX) announced plans to explore strategic alternatives for its Motors and Generators businesses within the Industrial Systems segment. CEO Louis Pinkham highlighted significant improvements in adjusted EBITDA margins, up 700 basis points, and strong revenue growth. The strategic review may lead to a divestiture of these assets, focusing on finding a better owner. Guggenheim Securities is advising on this review. Regal Rexnord specializes in industrial powertrain solutions and has a global manufacturing and service footprint.
Regal Rexnord Corporation (NYSE: RRX) has completed the first phase of financing for its acquisition of Altra Industrial Motion Corp., securing $1.1 billion through amendments to its credit agreement. CEO Louis Pinkham expressed optimism about the financing, citing strong bank market support. The financing includes a $500 million upsized revolving credit facility and $600 million in incremental term loan commitments, enhancing liquidity and flexibility for integrating Altra. The company aims to leverage the acquisition for future growth while maintaining an investment-grade credit profile.
Regal Rexnord Corporation (NYSE: RRX) will present at the Baird 2022 Global Industrial Conference in Chicago on November 9, 2022, at 12:00 PM CT. CEO Louis Pinkham and CFO Rob Rehard will lead the presentation. Interested parties can access presentation materials and a live webcast on the Company’s investor relations website. Regal Rexnord is a leader in industrial powertrain solutions and is committed to energy efficiency across its four segments: Motion Control Solutions, Climate Solutions, Commercial Systems, and Industrial Systems.
Regal Rexnord Corporation (NYSE: RRX) announced investment grade ratings from major credit agencies. Moody's assigned a Long-Term Issuer Rating of Baa3 and Fitch a BBB- rating, both with stable outlooks. Additionally, S&P assigned a BB+ Issuer Credit Rating. These ratings support Regal Rexnord's acquisition plans for Altra Industrial Motion Corp. The CEO highlighted that these ratings validate the strong credit profile and expected synergy, while aiming for a net leverage target of 2.0-2.5x by 2024.
Regal Rexnord Corporation reported a 48% increase in sales for Q3 2022 compared to the previous year, with an 8% organic growth. Although daily orders declined by 3.6%, the backlog rose nearly 70% since 2021. Adjusted EBITDA margin improved to 20.9%, while adjusted EPS was $2.66, down from $2.88 in the previous year. The company raised its 2022 guidance for adjusted EPS to a range of $10.35 to $10.75. CEO Louis Pinkham emphasized strong execution despite macroeconomic challenges.
On October 28, 2022, Regal Rexnord Corporation (NYSE: RRX) declared a quarterly dividend of $0.35 per share, payable on January 13, 2023. Shareholders must be on record by the close of business on December 30, 2022. Regal Rexnord has maintained a consistent dividend payout since January 1961. The company excels in engineering and manufacturing industrial powertrain solutions and energy-efficient systems, contributing positively to both customers and environmental sustainability.
Regal Rexnord Corporation (NYSE: RRX) has announced its definitive agreement to acquire Altra Industrial Motion Corp. (Nasdaq: AIMC) for $62.00 per share, valuing Altra at $4.95 billion. The transaction is projected to accelerate Regal Rexnord's automation portfolio, with expected annualized cost synergies of $160 million by year four. Pro forma revenue for 2022 is anticipated to reach $7.2 billion, increasing to $8.3 billion by 2025, along with improved EBITDA margins. The acquisition aims to enhance shareholder value and capitalize on growth opportunities across various markets.
Regal Rexnord Corporation (NYSE: RRX) will release its third quarter 2022 financial results after market close on October 31, 2022. The company plans to host a conference call to discuss these results on November 1, 2022, at 9:00 am CT (10:00 am ET). Investors can listen live via Regal Rexnord's Investors website or by phone. A replay of the webcast and a telephone version will also be available for three months following the conference call.
Regal Rexnord is a global leader in industrial powertrain solutions and energy-efficient technologies, serving customers worldwide.
Regal Rexnord Corporation hosted its 2022 Investor Day on September 13, 2022, at the New York Stock Exchange. Key executives discussed strategic growth objectives including plans for organic revenue growth targeting a high single-digit rate, with estimates around $5.2 billion for 2022. The company reaffirmed its earnings guidance, with GAAP EPS between $7.01 and $7.61, and adjusted EPS between $10.20 and $10.80. New targets for 2023-2025 include organic net sales growth of 4% to 6% and a 300 basis point expansion in adjusted EBITDA margins.
Regal Rexnord Corporation (NYSE: RRX) is set to host an investor conference on September 13, 2022, from 8:00 AM ET to 12:00 PM ET at the New York Stock Exchange. The event will also feature a live webcast and a replay available on their website. Interested participants can register here or on their Investor Relations website.
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