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REGAL REXNORD ANNOUNCES PARTICIPATION AT UPCOMING CONFERENCE
Prnewswire· 2026-02-25 19:25
Core Viewpoint - Regal Rexnord Corporation is actively engaging with investors by participating in the Raymond James 47th Annual Institutional Investors Conference, indicating a focus on investor relations and transparency [1] Company Overview - Regal Rexnord employs approximately 30,000 associates globally, providing sustainable solutions that power, transmit, and control motion [1] - The company offers electric motors and air moving subsystems, which are essential for creating motion in various applications [1] - Regal Rexnord's product portfolio includes highly engineered power transmission components and subsystems that efficiently transmit motion for industrial applications [1] Market Segments - The company operates in several end markets that benefit from strong secular demand, including: - Discrete automation - Food & beverage - Aerospace - Medical - Data center - Energy - Residential and commercial buildings - General industrial - Metals and mining [1] Operating Segments - Regal Rexnord is structured into three main operating segments: - Automation & Motion Control - Industrial Powertrain Solutions - Power Efficiency Solutions [1] Location and Facilities - The company is headquartered in Milwaukee, Wisconsin, and has manufacturing, sales, and service facilities worldwide [1]
NWPX Infrastructure Announces Acquisition of Boughton's Precast
Prnewswire· 2026-02-23 21:15
NWPX Infrastructure Announces Acquisition of Boughton's Precast [Accessibility Statement] Skip NavigationAcquisition expands Company's precast manufacturing capabilities in the mountain states.VANCOUVER, Wash., Feb. 23, 2026 /PRNewswire/ -- NWPX Infrastructure, Inc. (Nasdaq: NWPX), a leading manufacturer of water-related infrastructure products, today announced the acquisition of Boughton's Precast, Inc. The transaction closed on February 23, 2026, and is expected to be immediately accretive to earnings.Loc ...
Otter Tail (OTTR) - 2025 Q4 - Earnings Call Transcript
2026-02-17 17:02
Financial Data and Key Metrics Changes - For the year 2025, the company reported diluted earnings per share of $6.55, a decrease of 9% from the previous year [5][18] - The company ended 2025 with $386 million in cash, maintaining a strong balance sheet and ample liquidity [20] - The company is initiating its 2026 diluted earnings per share guidance range with a midpoint of $5.42 [6][23] Business Line Data and Key Metrics Changes - Electric segment earnings increased over 7% year-over-year, driven by recovery of increased rate base investments and higher sales volumes [18] - Manufacturing segment earnings decreased by 16% year-over-year, primarily due to lower sales volumes and higher SG&A expenses [19] - Plastic segment earnings decreased by 15% year-over-year, largely driven by lower average sales prices [21] Market Data and Key Metrics Changes - The company’s electric rates remained well below the national and regional average, with 2025 residential electric rates being 34% below the national average [13] - The end market demand for the manufacturing segment faced headwinds, particularly in lawn and garden and agriculture sectors [14][15] Company Strategy and Development Direction - The company is committed to a customer-focused growth plan, with a reaffirmed five-year capital spending plan totaling $1.9 billion [24] - The company is increasing investments in renewable generation and battery storage, including a new battery storage project expected to be operational in 2028 [10][24] - The company targets a long-term earnings per share growth rate of 7%-9%, aiming for a total shareholder return of 10%-12% [28] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the electric segment's growth, expecting a 14% increase in earnings in 2026 due to higher returns from increased average rate base [21] - The company acknowledged challenges in the manufacturing segment but noted improvements in certain end markets [19][23] - Management highlighted the importance of strategic diversification to provide long-term benefits to customers and investors [29] Other Important Information - The company has a history of uninterrupted dividend payments for 88 consecutive years, with a recent 10% increase in dividends [5] - The company is facing competition from low-cost importers in the plastics segment, impacting pricing and sales [15][27] Q&A Session Summary - There were no questions during the Q&A session, and the call concluded without any inquiries from participants [31][32]
MaxsMaking Inc. Addresses SEC Trading Suspension and Affirms Full Cooperation with Regulators
Prnewswire· 2025-12-01 11:00
Core Viewpoint - MaxsMaking Inc. is addressing a ten-day trading suspension ordered by the SEC due to potential manipulation of its securities, which is set to expire on December 1, 2025 [1][2]. Company Response and Cooperation - The Company is fully cooperating with the SEC's inquiry and related inquiries from other capital markets regulators, including Nasdaq Regulation [3]. - MaxsMaking has hired Jacob Frenkel from Dickinson Wright PLLC to advise on the trading suspension and ensure compliance with securities laws [5]. Company Operations and Commitment - MaxsMaking emphasizes its commitment to compliance and has not engaged in any improper trading activities or paid for promotions of its securities [4][6]. - The Company is focused on building shareholder value and has a history of successful operations, including a Nasdaq IPO in July 2025 [6]. Company Background - Founded in 2007 and headquartered in Shanghai, MaxsMaking specializes in customized consumer goods, integrating various production and sales processes [7]. - The Company utilizes sustainable materials and proprietary technologies to deliver high-quality products while emphasizing environmental protection [8].
Regal Rexnord To Present At The Baird Global Industrial Conference
Prnewswire· 2025-11-11 15:30
Core Insights - Regal Rexnord Corporation will present at the Baird Global Industrial Conference on November 12, 2025, from 12:00 to 12:30 PM CT [1] - A live webcast of the presentation will be available on the Regal Rexnord investor website, with an archive accessible for 90 days post-event [2] Company Overview - Regal Rexnord employs 30,000 associates globally, focusing on sustainable solutions that power, transmit, and control motion [3] - The company offers electric motors, air moving subsystems, and a range of power transmission components for industrial applications [3] - Regal Rexnord's automation products include controllers, drives, precision motors, and actuators for various applications, including factory automation and surgical tools [3] Market Segments - The company operates in several end markets, benefiting from strong secular demand, including discrete automation, food & beverage, aerospace, medical, data centers, energy, residential and commercial buildings, general industrial, and metals and mining [4] Operating Segments - Regal Rexnord is structured into three operating segments: Automation & Motion Control, Industrial Powertrain Solutions, and Power Efficiency Solutions [5] - The company is headquartered in Milwaukee, Wisconsin, with manufacturing, sales, and service facilities worldwide [5] Financial Performance - Regal Rexnord reported strong financial results for the third quarter of 2025, with a diluted EPS of $1.20, reflecting a 10.1% increase compared to the previous year [6] - The adjusted diluted EPS was $2.51, showing a 0.8% increase year-over-year [6]
DuPont Completes Separation of Qnity Electronics
Prnewswire· 2025-11-03 11:00
Core Insights - DuPont has successfully completed the separation of its electronics business, now known as Qnity Electronics, Inc., which began trading on the New York Stock Exchange under the symbol "Q" on November 1, 2025 [1][2][3] - Each DuPont shareholder received one share of Qnity for every two shares of DuPont held as of October 22, 2025, resulting in approximately 209 million shares of Qnity common stock distributed [2] - The CEO of DuPont, Lori Koch, emphasized that this separation marks a significant transformation for both companies, positioning them for growth and value creation for shareholders [3] Company Overview - DuPont continues to trade on the New York Stock Exchange under the symbol "DD" and is recognized as a global innovation leader, providing advanced solutions across key markets such as healthcare, water, construction, and transportation [3] - The separation is part of DuPont's strategy to become a more focused, agile, and high-performing multi-industrial company [3]
Flex Announces its 2025 Sustainability Report
Prnewswire· 2025-10-30 13:05
Core Insights - Flex published its 2025 sustainability report, detailing its performance against 2030 sustainability goals for the calendar year 2024 [1][2] - The company's sustainability strategy emphasizes reducing environmental impact, uplifting communities, and fostering a safe work environment [1][2] Sustainability Performance - Flex achieved a 43% decrease in absolute scope one and two emissions from the 2019 base year [6] - 32% of electricity used was powered by renewable energy [6] - 47% of sites within scope are verified as zero waste [6] - There was a 10% decrease in total case incident rate year over year [6] - 58% of preferred suppliers had emission reduction targets, and 100% of specified customers had science-based targets [6][7] Recognition and Awards - Flex received an A- CDP Score for Climate and was listed on Times and Statista's World's Best Companies List for the second consecutive year [3] - The company was honored as a 2025 World's Most Ethical Company® by Ethisphere for the third straight year [3] - Awards were received for advancing sustainability with value chain partners, including a Supplier Pledge Award from HP and an Excellence in ESG award from Cisco [3] Company Overview - Flex operates as a manufacturing partner across 30 countries, providing advanced manufacturing and supply chain solutions [4] - The company is focused on accelerating data center deployment through innovative power and cooling technology [4]
Regal Rexnord Commences CEO Succession Process
Prnewswire· 2025-10-29 20:05
Core Insights - Regal Rexnord Corporation is undergoing a CEO search process as part of its succession planning, with current CEO Louis Pinkham having significantly contributed to the company's transformation and growth since April 2019 [1][2] - Under Mr. Pinkham's leadership, the company's enterprise value increased from approximately $4.5 billion to $15 billion, achieving a total shareholder return of nearly 100% [1] - The Board of Directors expresses confidence in the company's positioning for future growth, attributing this to the enhanced customer value proposition developed during Mr. Pinkham's tenure [2] Company Overview - Regal Rexnord employs around 30,000 associates globally, focusing on sustainable solutions for power, transmission, and motion control [3] - The company offers a range of products including electric motors, power transmission components, and automation solutions for various applications [3] - Regal Rexnord operates in multiple end markets such as discrete automation, food & beverage, aerospace, medical, data centers, energy, and general industrial sectors [4] Business Segments - The company is structured into three operating segments: Automation & Motion Control, Industrial Powertrain Solutions, and Power Efficiency Solutions [4] - Regal Rexnord is headquartered in Milwaukee, Wisconsin, with manufacturing, sales, and service facilities worldwide [4]
REGAL REXNORD REPORTS STRONG THIRD QUARTER 2025 FINANCIAL RESULTS
Prnewswire· 2025-10-29 20:01
Core Insights - Regal Rexnord Corporation reported strong momentum in the third quarter of 2025, with significant orders in the data center segment totaling $135 million, plus an additional $60 million in October [2] - The company is focusing on growth investments in the data center market, which are yielding positive results and positioning Regal Rexnord as an emerging scale player with a bid pipeline exceeding $1 billion [2] - The company has narrowed its annual guidance for GAAP diluted earnings per share to a range of $4.26 to $4.56, primarily due to unfavorable impacts from tariffs and trade policies related to rare earth magnets [3] Financial Performance - Regal Rexnord achieved diluted EPS of $1.20, up 10.1% year-over-year, and adjusted diluted EPS of $2.51, up 0.8% year-over-year [9] - Total sales for the quarter were $1,497 million, reflecting a 1.3% increase compared to the previous year, with organic sales growth of 0.7% [9] - The company reported GAAP net income of $80 million, an increase of $7 million from the previous year, and adjusted EBITDA of $339.4 million, up $2.4 million year-over-year [9] Segment Performance - Automation & Motion Control net sales were $402 million, a slight increase of 0.1%, with a decrease of 1.0% on an organic basis, primarily due to project timing and challenges in the medical market [10] - Industrial Powertrain Solutions net sales reached $662.3 million, an increase of 2.8%, with a 1.6% organic growth driven by strength in energy and metals & mining [10] - Power Efficiency Solutions net sales were $432.7 million, up 0.3%, with organic growth of 0.8%, reflecting growth in pool and commercial HVAC markets [10] Strategic Initiatives - The company is investing in a new 100,000 square foot assembly facility in Texas to support the growing demand in the data center market [9] - Regal Rexnord is diversifying its growth strategy by expanding into new secular markets, as evidenced by recent wins in air filtration solutions for semiconductor clean rooms [2] - The company aims to achieve a net leverage ratio of approximately 3x by the end of 2025, having paid down $74.5 million of gross debt during the quarter [2][9]
FLEX REPORTS SECOND QUARTER FISCAL 2026 RESULTS
Prnewswire· 2025-10-29 12:05
Core Insights - Flex achieved record results in Q2 of fiscal year 2026, demonstrating disciplined execution and value delivery across business segments [2] - The company is shifting its portfolio towards higher margin businesses, particularly in data center solutions, to support leading technology companies in the AI era [2] Financial Performance - Reported net sales increased by 4% to $6.8 billion, at the top end of guidance [7] - GAAP operating margin was 4.4%, while adjusted operating margin reached 6.0%, marking the fourth consecutive quarter above 6% [7] - GAAP EPS was $0.52, which included $41 million in costs from missile strike damage at the Ukraine facility; adjusted EPS reached a record $0.79 [7] - Cash provided by operating activities was $453 million, with free cash flow of $305 million [7][29] Guidance - The company raised its full-year net sales guidance to a range of $26.7 billion to $27.3 billion, with adjusted operating margin between 6.2% and 6.3% [7] - Adjusted EPS guidance for the full year is set between $3.09 and $3.17 [7] Operational Highlights - Flex is enhancing its capabilities in data center deployment, addressing power, heat, and scale challenges through advanced technology [5] - The company operates in 30 countries, providing comprehensive manufacturing and supply chain solutions [5] Recent Events - The company faced a significant impact from a missile strike on its Ukraine facility, leading to asset impairments and operational disruptions [22]