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 ...

Company Overview - Regal Rexnord Corporation operates in three segments: Industrial Powertrain Solutions, Power Efficiency Solutions, and Automation & Motion Control [4] - The company is headquartered in Milwaukee, Wisconsin, and has manufacturing, sales, and service facilities worldwide [4] - Regal Rexnord employs approximately 30,000 associates globally, focusing on sustainable solutions that power, transmit, and control motion [2] Financial Information - Regal Rexnord plans to release its second quarter 2024 financial results after the market closes on July 31, 2024 [3] - A conference call to discuss the earnings release is scheduled for August 1, 2024, at 9:00 am CT (10:00 am ET) [1] Market Demand - The company's end markets are supported by significant secular demand tailwinds, including sectors such as factory automation, food & beverage, aerospace, medical, data center, warehouse, alternative energy, residential and commercial buildings, general industrial, construction, metals and mining, and agriculture [6]

Regal Rexnord Corporation (NYSE:RRX) Q1 2024 Earnings Conference Call May 7, 2024 10:00 AM ET Company Participants Conference Call Participants Operator Good day and welcome to the Regal Rexnord First Quarter 2024 Earnings Conference Call. All participants will be in listen-only mode. [Operator Instructions] After today's presentation, there will be an opportunity to ask questions. [Operator Instructions] Please note this event is being recorded. I would now like to turn the conference over to Rob Barry, Vi ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 for the quarterly period ended March 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number 001-07283 REGAL REXNORD CORPORATION (Exact name of registrant as specified in its charter) Wisconsin 39-0875718 (State or other jurisdiction of incorporation) (IRS Employer Identification ...

FOR RELEASE ON: May 6, 2024 CONTACT: Robert Barry, VP - Investor Relations 608-361-7530 robert.barry@regalrexnord.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, W ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 (Exact Name of Registrant as Specified in Its Charter) Wisconsin 39-0875718 (State of Incorporation) (IRS Employer Identification No.) 111 West Michigan Street, Milwaukee, Wisconsin 53203 (Address of principal executive offices) (608) 364-8800 (Registrant's telephone number, including area code) FORM 10-K ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 Comm ...