Wall Street analysts forecast that Regal Rexnord (RRX) will report quarterly earnings of $2.45 per share in its upcoming release, pointing to a year-over-year increase of 16.7%. It is anticipated that revenues will amount to $1.51 billion, exhibiting a decline of 8.5% compared to the year-ago quarter. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe. Pr ...

Core Viewpoint - Regal Rexnord Corporation is set to release its third quarter 2024 financial results on November 4, 2024, after market close [1] Financial Results Announcement - The earnings conference call will take place on November 5, 2024, at 9:00 am CT (10:00 am ET) [2] - A webcast replay and telephone replay will be available for three months following the earnings call [3] Company Overview - Regal Rexnord employs 30,000 associates globally, focusing on sustainable solutions for motion control [3] - The company offers electric motors, air moving subsystems, and a range of power transmission components for industrial applications [3] Market Segments - Regal Rexnord serves various end markets, including factory automation, food & beverage, aerospace, medical, data centers, and alternative energy [4] - The company operates in three segments: Industrial Powertrain Solutions, Power Efficiency Solutions, and Automation & Motion Control [5]

If management's predictions are accurate, the company is in for a period of sustained growth. Electric motor specialist Regal Rexnord (RRX -2.63%) was quite the motor of growth over the past few trading sessions. The company's shares were a bright spot on the market, rising by more than 9% over the week, according to data compiled by S&P Global Market Intelligence. Management gave fresh estimates for the coming years, and investors clearly liked what they heard. Guiding for growth Regal Rexnord held its 202 ...

MILWAUKEE, Sept. 13, 2024 /PRNewswire/ -- Regal Rexnord Corporation (NYSE: RRX) today published its annual Sustainability Report, including progress towards its 2032 sustainability goals. The report provides an update on how sustainability, social considerations, and good governance are intertwined with the Company's growth strategy: Developing innovative products and sustainable solutions that customers value, while intentionally factoring environmental considerations into how they are designed and manufac ...

riRegalRexnord Creating a better tomorrow™… Second Quarter 2024 Earnings August 1, 2024 Louis Pinkham, Chief Executive Officer Rob Rehard, Executive Vice President, Chief Financial Officer Motion Control Solutions Industrial Systems 2Q 2024 FORWARD LOOKING STATEMENTS AND NON-GAAP FINANCIAL MEASURES All statements in this communication, other than those relating to historical facts, are "forward-looking statements." Forward-looking statements can generally be identified by their use of terms such as "anticip ...

Core Insights - Regal Rexnord reported $1.55 billion in revenue for Q2 2024, a year-over-year decline of 12.5% and an EPS of $2.29 compared to $2.56 a year ago, with revenue exceeding Zacks Consensus Estimate by 2.45% and EPS by 7.01% [1] Revenue Performance - Industrial Systems (IS) revenue was $39 million, slightly below the average estimate of $40 million [3] - Industrial Powertrain Solutions (IPS) revenue reached $675.50 million, surpassing the average estimate of $668.88 million [3] - Power Efficiency Solutions (PES) revenue was $410.90 million, exceeding the average estimate of $395.35 million [3] - Automation & Motion Control (AMC) revenue was $422.20 million, above the average estimate of $408.12 million [4] Adjusted EBITDA Performance - Adjusted EBITDA for Industrial Powertrain Solutions (IPS) was $174.40 million, compared to the average estimate of $168.18 million [4] - Adjusted EBITDA for Industrial Systems (IS) was $2.90 million, slightly above the average estimate of $2.75 million [4] - Adjusted EBITDA for Automation & Motion Control (AMC) was $94.90 million, exceeding the average estimate of $94.06 million [4] - Adjusted EBITDA for Power Efficiency Solutions (PES) was $66 million, compared to the average estimate of $63.16 million [5] Stock Performance - Regal Rexnord shares have returned +18.4% over the past month, while the Zacks S&P 500 composite has changed by -0.4% [5] - The stock currently holds a Zacks Rank 4 (Sell), indicating potential underperformance in the near term [5]

Regal Rexnord (RRX) came out with quarterly earnings of $2.29 per share, beating the Zacks Consensus Estimate of $2.14 per share. This compares to earnings of $2.56 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 7.01%. A quarter ago, it was expected that this maker of controls for electric motors would post earnings of $1.98 per share when it actually produced earnings of $2, delivering a surprise of 1.01%. Over the last fou ...

MILWAUKEE, July 31, 2024 /PRNewswire/ -- Regal Rexnord Corporation (NYSE: RRX) 2Q Highlights GAAP Diluted EPS Of $0.94, Adjusted Diluted EPS* Of $2.29 Adjusted Free Cash Flow* Of $136.4 Million; On Track To Full Year Outlook Of ~$700 Million Paid Down $480.9 Million Of Gross Debt. On Track To Pay Down ~$900 Million Of Debt In The Year Net Debt/Adjusted EBITDA (Including Synergies) Now ~3.6x Sales Of $1,547.6 Million, Down 12.5% Versus PY; Down 7.0% On An Organic Basis Excluding Industrial** GAAP Gross Margi ...

The market expects Regal Rexnord (RRX) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended June 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. Zacks Consensus Estimate Estimate Revisions Trend Earnings Whisper A positive Earnings ESP is a strong predictor of an earnings beat, ...

MILWAUKEE, July 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 July 21, 2024, declared a dividend of $0.35 per share. The dividend is payable on October 11, 2024, to shareholders of record at the close of business on September 27, 2024. The company has paid a dividend every quarter since January 1961. About Regal Rexnord Regal Rexnord's 30,000 associates around the world ...