Summary
160.25 -6.81(-4.08%)05/16/2024
Regal Beloit Corporation (RRX)
Regal Beloit Corporation (RRX)
Key Facts
| 1 Day | 1 Week | 1 Month | 3 Months | 6 Months | 1 Year | 5 Years | All Time |
| -4.09 | 1.07 | -1.95 | -25.73 | -12.85 | -7.97 | 0.00 | 1,565.56 |
Last 730 data points are shown. To view all data, Upgrade to PRO plan with only $1
| Trading Data | ||
| Close | 161.94 | |
| Open | 152.00 | |
| High | 162.52 | |
| Low | 152.00 | |
| Volume | 522,602 | |
| Change | -6.91 | |
| Change % | -4.09 | |
| Avg Volume (20 Days) | 491,365 | |
| Volume/Avg Volume (20 Days) Ratio | 1.06 | |
| 52 Week Range | 100.77 - 166.00 | |
| Price vs 52 Week High | -2.45% | |
| Price vs 52 Week Low | 60.70% | |
| Range | 0.00 | |
| Gap Up/Down | -1.72 | |
Fundamentals | ||
| Market Capitalization (Mln) | 10,916 | |
| EBIDTA | 556,300,032 | |
| PE Ratio | 25.0479 | |
| PEG Ratio | 1.6260 | |
| WallStreet Target Price | 196.14 | |
| Book Value | 66.2110 | |
| Earnings Per Share | 6.4680 | |
| EPS Estimate Current Quarter | 2.3500 | |
| EPS Estimate Next Quarter | 1.9300 | |
| EPS Estimate Current Year | 8.5000 | |
| EPS Estimate Next Year | 10.0500 | |
| Diluted EPS (TTM) | 6.4680 | |
| Revenues | ||
| Profit Marging | 0.0786 | |
| Operating Marging (TTM) | 0.1277 | |
| Return on asset (TTM) | 0.0601 | |
| Return on equity (TTM) | 0.1046 | |
| Revenue TTM | 3,374,200,064 | |
| Revenue per share TTM | 82.9550 | |
| Quarterly Revenue Growth (YOY) | 0.1770 | |
| Quarterly Earnings Growth (YOY) | 0.0620 | |
| Gross Profit (TTM) | 826,900,000 | |
| Dividends | ||
| Dividend Share | 1.2600 | |
| Dividend Yield | 0.0077 | |
| Valuations | ||
| Trailing PE | 25.0479 | |
| Forward PE | 16.2602 | |
| Price Sales (TTM) | 0.0000 | |
| Price Book (MRQ) | 4.1579 | |
| Revenue Enterprise Value | 3.4378 | |
| EBITDA Enterprise Value | 22.0782 | |
| Shares | ||
| Shares Outstanding | 67,759,296 | |
| Shares Float | 67,544,537 | |
| Shares Short | 0 | |
| Shares Short (Prior Month) | 0 | |
| Shares Ratio | 0.00 | |
| Short Outstanding (%) | 0.00 | |
| Short Float (%) | 0.00 | |
| Insider (%) | 0.33 | |
| Institutions (%) | 59.71 | |
05/06 18:46 EST - zacks.com
Regal Rexnord (RRX) Q1 Earnings Beat Estimates
Regal Rexnord (RRX) came out with quarterly earnings of $2 per share, beating the Zacks Consensus Estimate of $1.98 per share. This compares to earnings of $2.22 per share a year ago.
Regal Rexnord (RRX) Q1 Earnings Beat Estimates
Regal Rexnord (RRX) came out with quarterly earnings of $2 per share, beating the Zacks Consensus Estimate of $1.98 per share. This compares to earnings of $2.22 per share a year ago.
05/06 16:15 EST - prnewswire.com
REGAL REXNORD REPORTS FIRST QUARTER 2024 FINANCIAL RESULTS
CLOSED ON SALE OF INDUSTRIAL SYSTEMS BUSINESS, COMPLETING PLANNED STRATEGIC PORTFOLIO TRANSFORMATION, WITH NET PROCEEDS TO BE USED FOR DEBT REDUCTION ANNOUNCED UPDATED BUSINESS PURPOSE TO ALIGN WITH TRANSFORMED BUSINESS PORTFOLIO We Create A Better Tomorrow With Sustainable Solutions That Power, Transmit & Control Motion MILWAUKEE , May 6, 2024 /PRNewswire/ -- Regal Rexnord Corporation (NYSE: RRX) 1Q Highlights GAAP Diluted EPS Of $0.30, Adjusted Diluted EPS* Of $2.00 Adjusted Free Cash Flow* Of $64.6 Million; On Track To Full Year Outlook Of $700 Million Paid Down $135.0 Million Of Gross Debt Sales Of $1,547.7 Million, Up 26.4% Versus PY, Down 7.5% On A Pro Forma Organic Basis GAAP Gross Margin Of 35.7%; Adjusted Gross Margin* Of 36.5% Versus PY Of 33.5% On A Pro Forma Basis* GAAP Net Income Of $20.4 Million Versus PY GAAP Net Loss Of $(5.5) Million Adjusted EBITDA* Of $317.4 Million Versus PY Of $327.1 Million On A Pro Forma Basis* Adjusted EBITDA Margin* Of 20.5%, Up 100 Basis Points Versus PY On A Pro Forma Basis* Synergies Of $26 Million; On Track To Deliver $90 Million In The Year CEO Louis Pinkham commented, "The first quarter marked a strong start to the year for Regal Rexnord on several fronts. Our team delivered adjusted gross margins of 36.5% or 37.4% without Industrial Systems, well on our path to 40%, as well as 100 basis points of adjusted EBITDA margin expansion on a pro forma, year-over-year basis, with particularly solid performance in IPS.
REGAL REXNORD REPORTS FIRST QUARTER 2024 FINANCIAL RESULTS
CLOSED ON SALE OF INDUSTRIAL SYSTEMS BUSINESS, COMPLETING PLANNED STRATEGIC PORTFOLIO TRANSFORMATION, WITH NET PROCEEDS TO BE USED FOR DEBT REDUCTION ANNOUNCED UPDATED BUSINESS PURPOSE TO ALIGN WITH TRANSFORMED BUSINESS PORTFOLIO We Create A Better Tomorrow With Sustainable Solutions That Power, Transmit & Control Motion MILWAUKEE , May 6, 2024 /PRNewswire/ -- Regal Rexnord Corporation (NYSE: RRX) 1Q Highlights GAAP Diluted EPS Of $0.30, Adjusted Diluted EPS* Of $2.00 Adjusted Free Cash Flow* Of $64.6 Million; On Track To Full Year Outlook Of $700 Million Paid Down $135.0 Million Of Gross Debt Sales Of $1,547.7 Million, Up 26.4% Versus PY, Down 7.5% On A Pro Forma Organic Basis GAAP Gross Margin Of 35.7%; Adjusted Gross Margin* Of 36.5% Versus PY Of 33.5% On A Pro Forma Basis* GAAP Net Income Of $20.4 Million Versus PY GAAP Net Loss Of $(5.5) Million Adjusted EBITDA* Of $317.4 Million Versus PY Of $327.1 Million On A Pro Forma Basis* Adjusted EBITDA Margin* Of 20.5%, Up 100 Basis Points Versus PY On A Pro Forma Basis* Synergies Of $26 Million; On Track To Deliver $90 Million In The Year CEO Louis Pinkham commented, "The first quarter marked a strong start to the year for Regal Rexnord on several fronts. Our team delivered adjusted gross margins of 36.5% or 37.4% without Industrial Systems, well on our path to 40%, as well as 100 basis points of adjusted EBITDA margin expansion on a pro forma, year-over-year basis, with particularly solid performance in IPS.
05/01 11:36 EST - prnewswire.com
An Evolved Business Purpose For A Transformed Regal Rexnord
MILWAUKEE , May 1, 2024 /PRNewswire/ -- Regal Rexnord Corporation (NYSE: RRX) announced today an evolved business purpose that reflects its strategic portfolio transformation over the last few years – now complete, after closing yesterday on the sale of the Industrial Motors and Generators businesses that comprised the substantial majority of its Industrial Systems segment. In the last three years, the Company also executed two other significant M&A transactions – the 2021 merger with Rexnord's ~$1.2 billion industrial power transmission business, and the 2023 acquisition of Altra, with ~$1.9 billion in sales split between industrial power transmission and automation.
An Evolved Business Purpose For A Transformed Regal Rexnord
MILWAUKEE , May 1, 2024 /PRNewswire/ -- Regal Rexnord Corporation (NYSE: RRX) announced today an evolved business purpose that reflects its strategic portfolio transformation over the last few years – now complete, after closing yesterday on the sale of the Industrial Motors and Generators businesses that comprised the substantial majority of its Industrial Systems segment. In the last three years, the Company also executed two other significant M&A transactions – the 2021 merger with Rexnord's ~$1.2 billion industrial power transmission business, and the 2023 acquisition of Altra, with ~$1.9 billion in sales split between industrial power transmission and automation.
04/30 16:15 EST - prnewswire.com
Regal Rexnord Corporation Closes The Sale Of Its Industrial Motors & Generators Business To WEG
MILWAUKEE , April 30, 2024 /PRNewswire/ -- Regal Rexnord Corporation (NYSE: RRX) announced today that it closed the previously announced sale of its Industrial Motors and Generators business that comprises the substantial majority of its Industrial Systems segment to certain subsidiaries of WEG S.A. (B3: WEGE3 / OTC: WEGZY).
Regal Rexnord Corporation Closes The Sale Of Its Industrial Motors & Generators Business To WEG
MILWAUKEE , April 30, 2024 /PRNewswire/ -- Regal Rexnord Corporation (NYSE: RRX) announced today that it closed the previously announced sale of its Industrial Motors and Generators business that comprises the substantial majority of its Industrial Systems segment to certain subsidiaries of WEG S.A. (B3: WEGE3 / OTC: WEGZY).
04/23 13:56 EST - prnewswire.com
Regal Rexnord Corporation to Host First Quarter 2024 Earnings Conference Call on Tuesday, May 7, 2024
MILWAUKEE , April 23, 2024 /PRNewswire/ -- Regal Rexnord Corporation (NYSE: RRX) announced today that it plans to release its first quarter 2024 financial results after the market closes on Monday, May 6, 2024. Regal Rexnord will host a conference call to discuss the earnings release at 9:00 am CT (10:00 am ET) on Tuesday, May 7, 2024.
Regal Rexnord Corporation to Host First Quarter 2024 Earnings Conference Call on Tuesday, May 7, 2024
MILWAUKEE , April 23, 2024 /PRNewswire/ -- Regal Rexnord Corporation (NYSE: RRX) announced today that it plans to release its first quarter 2024 financial results after the market closes on Monday, May 6, 2024. Regal Rexnord will host a conference call to discuss the earnings release at 9:00 am CT (10:00 am ET) on Tuesday, May 7, 2024.
04/22 17:15 EST - prnewswire.com
Regal Rexnord Corporation Declares Quarterly Dividend of $.35 per share.
MILWAUKEE, Wis. , April 22, 2024 /PRNewswire/ -- Louis Pinkham, Chief Executive Officer of Regal Rexnord Corporation (NYSE: RRX), announced that the Board of Directors, at its regular quarterly meeting held on April 22, 2024, declared a dividend of $0.35 per share.
Regal Rexnord Corporation Declares Quarterly Dividend of $.35 per share.
MILWAUKEE, Wis. , April 22, 2024 /PRNewswire/ -- Louis Pinkham, Chief Executive Officer of Regal Rexnord Corporation (NYSE: RRX), announced that the Board of Directors, at its regular quarterly meeting held on April 22, 2024, declared a dividend of $0.35 per share.
02/08 16:50 EST - seekingalpha.com
Regal Rexnord Corporation (RRX) Q4 2023 Earnings Call Transcript
Regal Rexnord Corporation (RRX) Q4 2023 Earnings Call Transcript
Regal Rexnord Corporation (RRX) Q4 2023 Earnings Call Transcript
Regal Rexnord Corporation (RRX) Q4 2023 Earnings Call Transcript
02/07 20:31 EST - zacks.com
Compared to Estimates, Regal Rexnord (RRX) Q4 Earnings: A Look at Key Metrics
While the top- and bottom-line numbers for Regal Rexnord (RRX) give a sense of how the business performed in the quarter ended December 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Compared to Estimates, Regal Rexnord (RRX) Q4 Earnings: A Look at Key Metrics
While the top- and bottom-line numbers for Regal Rexnord (RRX) give a sense of how the business performed in the quarter ended December 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
02/07 19:25 EST - zacks.com
Regal Rexnord (RRX) Tops Q4 Earnings Estimates
Regal Rexnord (RRX) came out with quarterly earnings of $2.28 per share, beating the Zacks Consensus Estimate of $2.26 per share. This compares to earnings of $2.64 per share a year ago.
Regal Rexnord (RRX) Tops Q4 Earnings Estimates
Regal Rexnord (RRX) came out with quarterly earnings of $2.28 per share, beating the Zacks Consensus Estimate of $2.26 per share. This compares to earnings of $2.64 per share a year ago.
02/07 16:15 EST - prnewswire.com
REGAL REXNORD REPORTS FOURTH QUARTER 2023 FINANCIAL RESULTS, CAPPING OFF A YEAR OF RECORD ANNUAL ADJUSTED FREE CASH FLOW AND SIGNIFICANT PORTFOLIO TRANSFORMATION
MILWAUKEE , Feb. 7, 2024 /PRNewswire/ -- Regal Rexnord Corporation (NYSE: RRX) Fourth Quarter Highlights GAAP Diluted EPS Of $0.84 And Adjusted Diluted EPS* Of $2.28, Delivering On Prior Commitments Strong Adjusted Free Cash Flow* Of $170.9 Million Paid Down $116.7 Million Of Gross Debt; Net Debt Declined By $153.2 Million; Net Debt To Pro Forma Adjusted EBITDA (Including Synergies)* Is Now 3.80 Sales Up 29.2% Versus PY, Down 6.9% On A Pro Forma Organic Basis* GAAP Net Income Decreased $46.1 Million Versus PY To $56.6 Million Adjusted EBITDA* Of $346.5 Million Adjusted EBITDA Margin* Of 21.5% Up 40 Basis Points Versus PY On A Pro Forma Basis* As Synergies And 80/20 More Than Offset End Market Volume Headwinds Full Year 2023 Highlights Nearly Doubled Adjusted Free Cash Flow Versus PY With A Record $683.1 Million, Above Guidance Expectations Achieved Targeted $65 Million Of Synergies; On Track To Achieve $90 Million In 2024 GAAP Gross Margin Of 33.1% Up 110 Basis Points Versus 32.0% In 2022 Adjusted Gross Margin* Of 34.5% Up 150 Basis Points Versus 33.0% In 2022 Given Strong Synergies And Continued 80/20 Execution Completed Transformational Acquisition Of Altra Industrial Motion Corp. ("Altra") Reached Agreement To Sell Industrial Motors & Generators Business, Representing The Majority Of Industrials Systems Segment, For $400 Million, Which Remains On Track To Close In 1H 2024 Full Year 2024 Guidance Introducing Guidance For 2024 GAAP Diluted EPS In A Range Of $4.58 To $5.38 And For Adjusted Diluted EPS In A Range Of $9.75 To $10.55 CEO Louis Pinkham commented, "Our team delivered strong performance in the fourth quarter - in line with our prior commitments - despite persistent destocking and various end market headwinds, especially in our PES segment. Strong execution supported enterprise adjusted EBITDA of $347 million and adjusted EBITDA margin rising by 40 basis points on a pro forma, year-over-year basis, on lower sales.
REGAL REXNORD REPORTS FOURTH QUARTER 2023 FINANCIAL RESULTS, CAPPING OFF A YEAR OF RECORD ANNUAL ADJUSTED FREE CASH FLOW AND SIGNIFICANT PORTFOLIO TRANSFORMATION
MILWAUKEE , Feb. 7, 2024 /PRNewswire/ -- Regal Rexnord Corporation (NYSE: RRX) Fourth Quarter Highlights GAAP Diluted EPS Of $0.84 And Adjusted Diluted EPS* Of $2.28, Delivering On Prior Commitments Strong Adjusted Free Cash Flow* Of $170.9 Million Paid Down $116.7 Million Of Gross Debt; Net Debt Declined By $153.2 Million; Net Debt To Pro Forma Adjusted EBITDA (Including Synergies)* Is Now 3.80 Sales Up 29.2% Versus PY, Down 6.9% On A Pro Forma Organic Basis* GAAP Net Income Decreased $46.1 Million Versus PY To $56.6 Million Adjusted EBITDA* Of $346.5 Million Adjusted EBITDA Margin* Of 21.5% Up 40 Basis Points Versus PY On A Pro Forma Basis* As Synergies And 80/20 More Than Offset End Market Volume Headwinds Full Year 2023 Highlights Nearly Doubled Adjusted Free Cash Flow Versus PY With A Record $683.1 Million, Above Guidance Expectations Achieved Targeted $65 Million Of Synergies; On Track To Achieve $90 Million In 2024 GAAP Gross Margin Of 33.1% Up 110 Basis Points Versus 32.0% In 2022 Adjusted Gross Margin* Of 34.5% Up 150 Basis Points Versus 33.0% In 2022 Given Strong Synergies And Continued 80/20 Execution Completed Transformational Acquisition Of Altra Industrial Motion Corp. ("Altra") Reached Agreement To Sell Industrial Motors & Generators Business, Representing The Majority Of Industrials Systems Segment, For $400 Million, Which Remains On Track To Close In 1H 2024 Full Year 2024 Guidance Introducing Guidance For 2024 GAAP Diluted EPS In A Range Of $4.58 To $5.38 And For Adjusted Diluted EPS In A Range Of $9.75 To $10.55 CEO Louis Pinkham commented, "Our team delivered strong performance in the fourth quarter - in line with our prior commitments - despite persistent destocking and various end market headwinds, especially in our PES segment. Strong execution supported enterprise adjusted EBITDA of $347 million and adjusted EBITDA margin rising by 40 basis points on a pro forma, year-over-year basis, on lower sales.
01/12 16:40 EST - PRNewsWire
Regal Rexnord Corporation to Host Fourth Quarter 2023 Earnings Conference Call on Thursday, February 8, 2024
MILWAUKEE , Jan. 12, 2024 /PRNewswire/ -- Regal Rexnord Corporation (NYSE: RRX) announced today that it plans to release its fourth quarter 2023 financial results after the market closes on Wednesday, February 7, 2024. Regal Rexnord will host a conference call to discuss the earnings release at 9:00 am CT (10:00 am ET) on Thursday, February 8, 2024.
Regal Rexnord Corporation to Host Fourth Quarter 2023 Earnings Conference Call on Thursday, February 8, 2024
MILWAUKEE , Jan. 12, 2024 /PRNewswire/ -- Regal Rexnord Corporation (NYSE: RRX) announced today that it plans to release its fourth quarter 2023 financial results after the market closes on Wednesday, February 7, 2024. Regal Rexnord will host a conference call to discuss the earnings release at 9:00 am CT (10:00 am ET) on Thursday, February 8, 2024.
01/09 17:06 EST - seekingalpha.com
Regal Rexnord: Improving Growth Prospects And A Discounted Valuation
Regal Rexnord's organic revenue growth is expected to turn positive in FY24 due to healthy backlog levels, improving end-market conditions, and potential interest rate cuts. The company's revenue growth was negatively impacted by inventory destocking, but this is expected to improve as inventory levels stabilize. The company's margin growth prospects are positive, driven by productivity improvements, cost-saving initiatives, and portfolio transformation.
Regal Rexnord: Improving Growth Prospects And A Discounted Valuation
Regal Rexnord's organic revenue growth is expected to turn positive in FY24 due to healthy backlog levels, improving end-market conditions, and potential interest rate cuts. The company's revenue growth was negatively impacted by inventory destocking, but this is expected to improve as inventory levels stabilize. The company's margin growth prospects are positive, driven by productivity improvements, cost-saving initiatives, and portfolio transformation.
12/05 16:15 EST - prnewswire.com
Regal Rexnord Corporation Announces Publication Of Annual Sustainability Report
MILWAUKEE , Dec. 5, 2023 /PRNewswire/ -- Regal Rexnord Corporation (NYSE: RRX) today published its annual Sustainability Report. The report reaffirms critical elements of the Company's growth strategy, and provides an update on how it is executing them: Developing products and solutions that customers value, have leading energy efficiency, and are manufactured with sustainability in mind; Creating a diverse and inclusive workplace, where associates consistently leverage their unique experiences and perspectives to drive success for key stakeholders – customers, fellow associates and shareholders; and Maintaining sound corporate governance policies and practices, which are a cornerstone of effective risk management.
Regal Rexnord Corporation Announces Publication Of Annual Sustainability Report
MILWAUKEE , Dec. 5, 2023 /PRNewswire/ -- Regal Rexnord Corporation (NYSE: RRX) today published its annual Sustainability Report. The report reaffirms critical elements of the Company's growth strategy, and provides an update on how it is executing them: Developing products and solutions that customers value, have leading energy efficiency, and are manufactured with sustainability in mind; Creating a diverse and inclusive workplace, where associates consistently leverage their unique experiences and perspectives to drive success for key stakeholders – customers, fellow associates and shareholders; and Maintaining sound corporate governance policies and practices, which are a cornerstone of effective risk management.
11/06 17:30 EST - prnewswire.com
REGAL REXNORD CHIEF EXECUTIVE OFFICER LOUIS PINKHAM TO PRESENT AT THE BAIRD 2023 GLOBAL INDUSTRIAL CONFERENCE
MILWAUKEE , Nov. 6, 2023 /PRNewswire/ -- Regal Rexnord Corporation (NYSE: RRX) announced today that its CEO, Louis Pinkham, will present at the 2023 Baird Global Industrial Conference in Chicago, IL, on November 8, 2023, at 1:45 PM CT. To listen to the live audio and view the presentation during the call, please visit Regal Rexnord's Investor website: https://investors.regalrexnord.com.
REGAL REXNORD CHIEF EXECUTIVE OFFICER LOUIS PINKHAM TO PRESENT AT THE BAIRD 2023 GLOBAL INDUSTRIAL CONFERENCE
MILWAUKEE , Nov. 6, 2023 /PRNewswire/ -- Regal Rexnord Corporation (NYSE: RRX) announced today that its CEO, Louis Pinkham, will present at the 2023 Baird Global Industrial Conference in Chicago, IL, on November 8, 2023, at 1:45 PM CT. To listen to the live audio and view the presentation during the call, please visit Regal Rexnord's Investor website: https://investors.regalrexnord.com.
11/03 23:54 EST - seekingalpha.com
Regal Rexnord Corporation (RRX) Q3 2023 Earnings Call Transcript
Regal Rexnord Corporation (NYSE:RRX ) Q3 2023 Earnings Conference Call November 2, 2023 10:00 AM ET Company Participants Robert Barry – Vice President-Investor Relations Louis Pinkham – Chief Executive Officer Rob Rehard – Chief Financial Officer Conference Call Participants Mike Halloran – Baird Julian Mitchell – Barclays Jeff Hammond – KeyBanc Capital Markets Nigel Coe – Wolfe Research Christopher Glynn – Oppenheimer Operator Good morning, and welcome to the Regal Rexnord Third Quarter 2023 Earnings Call. All participants will be in listen-only mode.
Regal Rexnord Corporation (RRX) Q3 2023 Earnings Call Transcript
Regal Rexnord Corporation (NYSE:RRX ) Q3 2023 Earnings Conference Call November 2, 2023 10:00 AM ET Company Participants Robert Barry – Vice President-Investor Relations Louis Pinkham – Chief Executive Officer Rob Rehard – Chief Financial Officer Conference Call Participants Mike Halloran – Baird Julian Mitchell – Barclays Jeff Hammond – KeyBanc Capital Markets Nigel Coe – Wolfe Research Christopher Glynn – Oppenheimer Operator Good morning, and welcome to the Regal Rexnord Third Quarter 2023 Earnings Call. All participants will be in listen-only mode.
11/01 21:02 EST - zacks.com
Here's What Key Metrics Tell Us About Regal Beloit (RRX) Q3 Earnings
The headline numbers for Regal Beloit (RRX) give insight into how the company performed in the quarter ended September 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Here's What Key Metrics Tell Us About Regal Beloit (RRX) Q3 Earnings
The headline numbers for Regal Beloit (RRX) give insight into how the company performed in the quarter ended September 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
11/01 16:15 EST - prnewswire.com
REGAL REXNORD REPORTS THIRD QUARTER 2023 FINANCIAL RESULTS, INCLUDING STRONG FREE CASH FLOW
MILWAUKEE , Nov. 1, 2023 /PRNewswire/ -- Regal Rexnord Corporation (NYSE: RRX) Strong Free Cash Flow* Of $161.5 Million Paid Down $185 Million Of Gross Debt In The Quarter; Net Debt To Normalized Adjusted EBITDA* Is 3.86 Reached An Agreement To Sell Our Industrial Motors & Generators Businesses For $400 Million Sales Up 24.5% Versus PY, Or Down 8.5% On A Pro Forma Organic Basis GAAP Net Income Decreased $260.5 Million Versus PY To $(138.6) Million, Including Non-Cash Impairment Charges Of $173.7 Million Adjusted EBITDA Margin Of 20.6% Is Down 10bps Versus PY On A Pro Forma Basis, Equating To A Deleverage Rate Of 22.1%, As Synergies, 80/20 Actions And Positive Price/Cost Offset Volume & Mix Headwinds GAAP Diluted EPS Of $(2.10) And Adjusted Diluted EPS* Of $2.10 Now Expect Full Year GAAP Diluted EPS In A Range Of $(1.07) To $(0.87) And Adjusted Diluted EPS* In A Range Of $9.05 To $9.25 Versus $10.20 To $10.60 Previously. The Reduction In Adjusted Diluted EPS Primarily Factors Weaker Global Industrial Markets Reiterating Expectation For Free Cash Flow To Exceed $650 Million In 2023 CEO Louis Pinkham commented, "Our performance in the third quarter may best be summarized on two fronts.
REGAL REXNORD REPORTS THIRD QUARTER 2023 FINANCIAL RESULTS, INCLUDING STRONG FREE CASH FLOW
MILWAUKEE , Nov. 1, 2023 /PRNewswire/ -- Regal Rexnord Corporation (NYSE: RRX) Strong Free Cash Flow* Of $161.5 Million Paid Down $185 Million Of Gross Debt In The Quarter; Net Debt To Normalized Adjusted EBITDA* Is 3.86 Reached An Agreement To Sell Our Industrial Motors & Generators Businesses For $400 Million Sales Up 24.5% Versus PY, Or Down 8.5% On A Pro Forma Organic Basis GAAP Net Income Decreased $260.5 Million Versus PY To $(138.6) Million, Including Non-Cash Impairment Charges Of $173.7 Million Adjusted EBITDA Margin Of 20.6% Is Down 10bps Versus PY On A Pro Forma Basis, Equating To A Deleverage Rate Of 22.1%, As Synergies, 80/20 Actions And Positive Price/Cost Offset Volume & Mix Headwinds GAAP Diluted EPS Of $(2.10) And Adjusted Diluted EPS* Of $2.10 Now Expect Full Year GAAP Diluted EPS In A Range Of $(1.07) To $(0.87) And Adjusted Diluted EPS* In A Range Of $9.05 To $9.25 Versus $10.20 To $10.60 Previously. The Reduction In Adjusted Diluted EPS Primarily Factors Weaker Global Industrial Markets Reiterating Expectation For Free Cash Flow To Exceed $650 Million In 2023 CEO Louis Pinkham commented, "Our performance in the third quarter may best be summarized on two fronts.
10/27 16:15 EST - prnewswire.com
Regal Rexnord Corporation Declares Quarterly Dividend of $.35 per share
MILWAUKEE, Oct. 27, 2023 /PRNewswire/ -- Louis Pinkham, Chief Executive Officer of Regal Rexnord Corporation (NYSE: RRX), announced that the Board of Directors, at its regular quarterly meeting held on October 27, 2023, declared a dividend of $0.35 per share. The dividend is payable on January 12, 2024, to shareholders of record at the close of business on December 29, 2023.
Regal Rexnord Corporation Declares Quarterly Dividend of $.35 per share
MILWAUKEE, Oct. 27, 2023 /PRNewswire/ -- Louis Pinkham, Chief Executive Officer of Regal Rexnord Corporation (NYSE: RRX), announced that the Board of Directors, at its regular quarterly meeting held on October 27, 2023, declared a dividend of $0.35 per share. The dividend is payable on January 12, 2024, to shareholders of record at the close of business on December 29, 2023.
10/25 11:20 EST - zacks.com
Earnings Preview: Regal Beloit (RRX) Q3 Earnings Expected to Decline
Regal Beloit (RRX) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Earnings Preview: Regal Beloit (RRX) Q3 Earnings Expected to Decline
Regal Beloit (RRX) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.