Regal Rexnord Corp

Regal Rexnord Corp. engages in the manufacture of electric motors, electrical motion controls, power generation, and power transmission products. It operates through the following segments: Commercial Systems, Industrial Systems, Climate Solutions, and Power Transmission Solutions. The Commercial Systems segment produces fractional to 5 horsepower AC and DC motors, electric variable speed controls, fans, and blowers for commercial applications. The Industrial Systems segment produces integral motors, generators, alternators and switchgear for industrial applications. The Climate Solutions segment offers small motors, controls, and air moving solutions serving markets including residential and light commercial HVAC, water heaters and commercial refrigeration. The Power Transmission Solutions segment manufactures, sells, and services belt and chain drives, helical and worm gearing, mounted and unmounted bearings, couplings, modular plastic belts, conveying chains and components, hydraulic pump drives, large open gearing, and specialty mechanical products serving markets including beverage, bulk handling, metals, special machinery, energy, aerospace, and general industrial. The company was founded in 1955 and is headquartered in Beloit, WI.

Earnings data Q2 2023

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Eaton

Investors interested in stocks from the Manufacturing - Electronics sector have probably already heard of Regal Beloit (RRX) and Eaton (ETN). But which of these two companies is the best option for those looking for undervalued stocks?

RRX vs. ETN: Which Stock Is the Better Value Option?

Regal Rexnord Corporation is a global engineer and manufacturer of industrial power and mobility solutions. I believe that Regal Rexnord will be able to get more exposure to markets with secular growth as it is one of the number one initiatives of management.

Regal Rexnord: Risky, But Guidance, And Secular Growth Imply Undervaluation

The mean of analysts' price targets for Regal Beloit (RRX) points to a 38.7% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.

Wall Street Analysts See a 38.72% Upside in Regal Beloit (RRX): Can the Stock Really Move This High?

Regal Rexnord Corporation has experienced a decline in sales, profits, and cash flows due to fundamental weakness. Despite these issues, the company's recent acquisition and transitory problems make it an attractive investment with a soft 'buy' rating.

Regal Rexnord: An Interesting Play Despite Recent Weakness

Investors interested in stocks from the Manufacturing - Electronics sector have probably already heard of Regal Beloit (RRX) and Eaton (ETN). But which of these two stocks is more attractive to value investors?

RRX or ETN: Which Is the Better Value Stock Right Now?

The mean of analysts' price targets for Regal Beloit (RRX) points to a 40.4% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.

Wall Street Analysts See a 40.4% Upside in Regal Beloit (RRX): Can the Stock Really Move This High?

Regal Rexnord Corporation (NYSE:RRX ) Q1 2023 Earnings Conference Call May 5, 2023 10:00 AM ET Company Participants Robert Barry - Vice President, Investor Relations Louis Pinkham - Chief Executive Officer Rob Rehard - Executive Vice President and CFO Conference Call Participants Mike Halloran - Baird Christopher Glynn - Oppenheimer Jeff Hammond - KeyBanc Capital Markets Nigel Coe - Wolfe Research Julian Mitchell - Barclays Operator Hello. And welcome to the Regal Rexnord First Quarter 2023 Earnings Conference Call.

Regal Rexnord Corporation (RRX) Q1 2023 Earnings Call Transcript

BELOIT, Wis. , May 4, 2023 /PRNewswire/ -- Regal Rexnord Corporation (NYSE: RRX) First Quarter Highlights Closed Transformational Acquisition Of Altra Industrial Motion Corp. ("Altra") Altra's 1Q Performance In Line With RRX Expectations Outgrowth In AMC, Strength In IPS, Effectively Managing Market Headwinds In PES Robust Free Cash Flow* Of $174.4 Million Organic Revenue* Down 4% Versus PY Organic Orders Down 9% Versus PY - Better Than Expected GAAP Diluted EPS Of ($0.09) And Adjusted Diluted EPS* Of $2.22 Net Debt* To Normalized Adjusted EBITDA* Of 3.96 Updating 2023 Guidance To Include Altra.

REGAL REXNORD CORPORATION REPORTS STRONG FIRST QUARTER 2023 FINANCIAL RESULTS

BELOIT, Wis. , April 24, 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 April 24, 2023, declared a dividend of $0.35 per share.

Regal Rexnord Corporation Declares Quarterly Dividend of $.35 per share

BELOIT, Wis. , April 11, 2023 /PRNewswire/ -- Regal Rexnord Corporation (NYSE: RRX) announced today that it plans to release its first quarter 2023 financial results after the market closes on Thursday, May 4, 2023.

Regal Rexnord Corporation to Host First Quarter 2023 Earnings Conference Call on Friday, May 5, 2023

Altra Industrial Motion

Positions Regal Rexnord For Accelerated Growth, Higher Margins, Stronger Free Cash Flow And Higher ROIC By Enhancing Its Value Proposition With Key Stakeholders Transforms Regal Rexnord's Automation Portfolio Into A Meaningful, Global Automation Solutions Provider, With Over 70% Of Its Sales Into Markets With Secular Growth Tailwinds Combines Complementary Power Transmission Portfolios To Deliver Enhanced Industrial Powertrain Solutions For Customers Portfolio To Be Comprised Of Four Segments: Industrial Powertrain Solutions ("IPS", ~37% Of Pro Forma 2022 Sales), Power Efficiency Solutions ("PES", ~31%), Automation & Motion Control ("AMC", ~24%) And Industrial Systems ("IS", ~8%) Unites Aligned Cultures With Deep Commitments To Serving Customers And Infuses Significant New Talent Into The Organization To Support Growth And Margin Enhancement Initiatives Affirm Anticipated Annualized Cost Synergies Of $160 million By Year Four, Plus Significant Cross-Marketing Revenue Opportunities Expect Net Debt/Adjusted EBITDA At Or Below Previously Communicated Target Of 3.9X By The End Of 2Q 2023, In A Range Of 2.5-3.0x In 2024, And Below 2.5x In 2025 Affirm 2023 Guidance For Legacy Regal Rexnord, Including GAAP Diluted EPS In A Range Of $5.64 To $6.44 And Adjusted Diluted EPS In A Range Of $10.05 To $10.85 Reiterate Pro Forma Targets For 2025 Revenue Of ~$8.3 Billion, Adjusted Gross Margin Of ~40%, Adjusted EBITDA Margins >25%, Adjusted EPS Of ~$18, And Annual Free Cash Flow ~$1.1 Billion And $1.4 Billion In 2026 BELOIT, Wis. , March 27, 2023 /PRNewswire/ -- Today, Regal Rexnord Corporation (NYSE: RRX) announced it has completed the acquisition of Altra Industrial Motion Corp. (Nasdaq: AIMC), closing the deal that was signed on October 26, 2022.

REGAL REXNORD CORPORATION COMPLETES ACQUISITION OF ALTRA INDUSTRIAL MOTION CORP.

BELOIT, Wis. , March 23, 2023 /PRNewswire/ -- Regal Rexnord Corporation (NYSE: RRX) (the "Offeror") announced today that the previously announced cash tender offer (the "Tender Offer") and consent solicitation (together with the Tender Offer, the "Tender Offer and Consent Solicitation") of the Offeror, to purchase any and all of the outstanding 6.125% Senior Notes due 2026 (the "Notes") of Stevens Holding Company, Inc., a wholly-owned subsidiary of Altra Industrial Motion Corp. ("Altra") expired at 5:00 p.m.

Regal Rexnord Announces Expiration and Results of Cash Tender Offer

REGAL REXNORD AND ALTRA ANNOUNCE RECEIPT OF ALL REQUIRED REGULATORY APPROVALS FOR MERGER

BELOIT, Wis. , March 21, 2023 /PRNewswire/ -- Regal Rexnord Corporation (NYSE: RRX) (the "Offeror") announced today that it has amended the terms of the previously announced cash tender offer (the "Tender Offer") and consent solicitation (together with the Tender Offer, the "Tender Offer and Consent Solicitation"), to purchase for cash any and all of the outstanding 6.125% Senior Notes due 2026 (the "Notes") of Stevens Holding Company, Inc., a wholly-owned subsidiary of Altra Industrial Motion Corp. ("Altra"), from the holders thereof (the "Holders"), to extend the expiration date from 5:00 p.m.

Regal Rexnord Announces Extension of Tender Offer

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BELOIT, Wis. , Feb. 24, 2023 /PRNewswire/ -- Regal Rexnord Corporation (NYSE: RRX) (the "Offeror") announced today that, according to information provided by D.F.

Regal Rexnord Announces Completion of Consent Solicitation and Termination of Change of Control Offer

BELOIT, Wis. , Feb. 10, 2023 /PRNewswire/ -- Regal Rexnord Corporation (NYSE: RRX) (the "Offeror") today announced that it has commenced a cash tender offer (the "Tender Offer") to purchase for cash any and all of the outstanding 6.125% Senior Notes due 2026 (the "Notes") of Stevens Holding Company, Inc. (the "Issuer"), a wholly-owned subsidiary of Altra Industrial Motion Corp. ("Altra"), from the holders thereof (the "Holders").

Regal Rexnord Corporation Announces Commencement of Tender Offer and Consent Solicitation and Change of Control Offer for Stevens Holding Company, Inc.'s Senior Notes

Regal Rexnord's fourth quarter revenue performance was better than it looks, and the company outperformed on margins. Management guidance/commentary was surprisingly positive, with a more bullish outlook on short-cycle demand and strong confidence in later-cycle markets like aerospace.

Regal Rexnord's Broad-Based Business Model Is Really Getting It Done

Regal Rexnord Corporation (NYSE:RRX ) Q4 2022 Results Conference Call February 2, 2023 10:00 AM ET Company Participants Robert Barry - VP, IR Louis Pinkham - CEO Rob Rehard - VP and CFO Conference Call Participants Nigel Coe - Wolfe Research Mike Halloran - Baird Christopher Glynn - Oppenheimer Jeff Hammond - KeyBanc Capital Markets Chris Dankert - Loop Capital Operator Good morning, and welcome to the Regal Rexnord Fourth Quarter 2022 Earnings Conference Call. All participants will be in listen-only mode.

Regal Rexnord Corporation (RRX) Q4 2022 Earnings Call Transcript

Regal Beloit (RRX) delivered earnings and revenue surprises of 14.78% and 1.46%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Regal Beloit (RRX) Q4 Earnings Top Estimates

BELOIT, Wis. , Feb. 1, 2023 /PRNewswire/ --  Regal Rexnord Corporation (NYSE: RRX) Fourth Quarter Highlights Announced Transformational Acquisition Of Altra Industrial Motion Corp. ("Altra") Announced Strategic Review Of Alternatives For The Global Motors And Generators Portion Of Our Industrial Systems Segment Sales Up 2% Versus PY And Up 4% On An Organic Basis* Backlog Remains Elevated, Up 45% Versus Beginning Of 2021 GAAP Net Income Increased $104.6 Million Versus PY To $102.7 Million; Adjusted EBITDA Margin* Up 310 Basis Points Versus PY To 22.0%; Price/Cost Remained Positive GAAP Diluted EPS Of $1.53 Versus ($0.05) In PY; Adjusted Diluted EPS* Of $2.64 Versus $2.16 In PY Free Cash Flow Conversion* Of 165% Net Debt* To Adjusted EBITDA* Of 1.2x Achieved Over $70M Of Run Rate Synergies On Rexnord PMC Merger Exiting 2022 Introducing 2023 Guidance For GAAP Diluted EPS In A Range Of $5.64 To $6.44 And For Adjusted Diluted EPS In A Range Of $10.05 To $10.85 Full Year 2022 Highlights Sales Up 37% Versus PY And Up 9% On An Organic Basis GAAP Net Income Increased $259.1 Million Versus PY To $494.9 Million; Adjusted EBITDA Margin Up 230 Basis Points Versus PY To 21.3% GAAP Diluted EPS Of $7.29 Versus $4.81 In PY; Adjusted Diluted EPS Of $10.75 Versus $9.84 In PY Altra Update Transaction Financing In Place; Debut Notes Offering More Than Four Times Over-Subscribed Altra Obtained Stockholder Approval Regulatory Approval Process Continuing As Expected; U.S. HSR Waiting Period Expired And Merger Control Filing In China Accepted For Simplified Review Process Integration Planning Underway; Transaction Remains On Track To Close In 1H23 CEO Louis Pinkham commented, "I am pleased with our 4Q performance, which reflected our Regal Rexnord team executing at a high level to deliver a strong finish to 2022.

REGAL REXNORD CORPORATION REPORTS STRONG FOURTH QUARTER 2022 FINANCIAL RESULTS

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.

Regal Beloit (RRX) Reports Next Week: Wall Street Expects Earnings Growth

BELOIT, Wis. , Jan. 24, 2023 /PRNewswire/ -- Regal Rexnord Corporation (NYSE: RRX) (the "Company") today announced that it has closed its previously announced offering of $4.7 billion aggregate principal amount of its senior unsecured notes (collectively, the "Notes").

Regal Rexnord Corporation Announces Closing of Senior Notes Offering

BELOIT, Wisc., Jan. 23, 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 January 23, 2023, declared a dividend of $0.35 per share.

Regal Rexnord Corporation Declares Quarterly Dividend of $.35 per share.

BELOIT, Wis. , Jan. 16, 2023 /PRNewswire/ -- Regal Rexnord Corporation (NYSE: RRX) announced today that it plans to release its fourth quarter 2022 financial results after the market closes on Wednesday, February 1, 2023.

News for Regal Rexnord Corp Stock (RRX)