Regal Beloit Corporation, together with its subsidiaries, designs, manufactures, and sells electric motors, electrical motion controls, and power generation and transmission products worldwide. It operates through four segments: Commercial Systems, Industrial Systems, Climate Solutions, and Power Transmission Solutions. The Commercial Systems segment provides AC and DC motors, electronic variable speed controls, fans, blowers, and precision stator and rotor kits. The Industrial Systems segment offers AC motors for industrial applications; electric alternators for prime and standby power applications to data centers, distributed energy, microgrid, rental marine, agriculture, healthcare, mobile, and defense markets; and switchgear for healthcare, government, and waste water applications, as well as residential, commercial, and industrial applications. The Climate Solutions segment provides fractional motors, electronic variable speed controls, and blowers for use in a residential and light commercial air moving applications; and fractional horsepower motors and blowers for white goods, water heating equipment, small pumps, compressors, and fans. The Power Transmission Solutions segment offers bearings; conveyors; disc, diaphragms, gear and flexible couplings, transmission elements, gears, grids, jaws, elastomers, and disc couplings; mechanical power transmission drives and components; and worm gearing, shaft configuration, helical offset, concentric and right angle, bevel and miter gearing, and spur gearing products, as well as modular plastic belts, conveying chains, and hydraulic pump drives. This segment serves beverage, bulk handling, metal, special machinery, energy, and aerospace and general industrial markets. The company sells its products directly to original equipment manufacturers and end-users through a network of direct and independent sales representatives, and distributors. Regal Beloit Corporation was founded in 1955 and is based in Beloit, Wisconsin.
IPO Year: 1976
Exchange: NYSE
Website: regalbeloit.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 12/12/2024 | $215.00 | Buy | Jefferies |
| 10/14/2024 | $200.00 | Buy | Citigroup |
| 6/28/2024 | Mkt Perform | Raymond James | |
| 12/11/2023 | $151.00 | Peer Perform → Outperform | Wolfe Research |
| 12/1/2022 | Outperform → Peer Perform | Wolfe Research | |
| 1/4/2022 | $200.00 → $204.00 | Overweight | Barclays |
| 12/16/2021 | $200.00 | Overweight | Barclays |
| 11/19/2021 | $185.00 → $200.00 | Overweight | Keybanc |
| 11/3/2021 | $175.00 → $193.00 | Outperform | Oppenheimer |
MILWAUKEE, March 19, 2025 /PRNewswire/ -- Regal Rexnord Corporation (NYSE:RRX) announced that its CEO, Louis Pinkham, and CFO, Rob Rehard, presented today at the Bank of America Global Industrials Conference 2025 in London. After providing an overview of the Company's strategy and outlining the latest investment case, management fielded questions on a range of topics, including its various growth and margin initiatives, how it is thinking about capital deployment, and its plans to fully mitigate current tariff impacts this year. A replay of the presentation is available on the company's investor relations website: https://investors.regalrexnord.com under the Events & Presentations section.
MILWAUKEE, March 19, 2025 /PRNewswire/ -- Regal Rexnord Corporation (NYSE:RRX), in conjunction with its participation at the Bank of America Global Industrials Conference 2025 in London, is providing the investment community with additional clarity related to estimated impacts from current and potential U.S. tariffs on imports from Canada, China, and Mexico, as well as on steel and aluminum. Based on information currently available, and excluding the potential impacts from any retaliatory tariffs, the Company estimates a gross, unmitigated annualized cost impact from tariffs that are currently in place at approximately $60 million. This estimate reflects that the vast majority of goods the
MILWAUKEE, Feb. 18, 2025 /PRNewswire/ -- Regal Rexnord Corporation (NYSE:RRX) Regal Rexnord Corporation (NYSE:RRX) announced today the appointment of two new directors to the Board of Directors, Rashida A. Hodge and Gerben W. Bakker, effective February 17, 2025. The initial terms of Ms. Hodge and Mr. Bakker on the Board will continue until the 2025 annual meeting of shareholders, at which they will both be up for election. Ms. Hodge currently serves as Microsoft's Corporate Vice President of Customer Success – Azure Data and Artificial Intelligence (AI), where she leads the global commercial business, accelerating data-driven digital transformations for customers. Prior to Microsoft, Ms. Ho
MILWAUKEE, Feb. 5, 2025 /PRNewswire/ -- Regal Rexnord Corporation (NYSE:RRX) 4Q Highlights Diluted EPS Of $0.62; Adjusted Diluted EPS* Of $2.34, Up 2.6% Versus PYPaid Down $205 Million Of Gross Debt In 4Q. Net Debt/Adjusted EBITDA (Including Synergies)* Of ~3.6xCash From Operating Activities Of $213.2 Million; Adjusted Free Cash Flow* Of $185.3 Million, Up 8.4% Versus PY4Q Daily Orders Up 4.4% Versus PYSales Of $1,461.1 Million, Down 9.1% Versus PY, Down 1.4% On An Organic* BasisGross Margin Of 34.9%; Adjusted Gross Margin* Of 37.1%, Up 60 Basis Points Versus PY**GAAP Net Income Of $42.0 Million Versus PY GAAP Net Income Of $56.6 MillionAdjusted EBITDA* Of $317.6 Million Versus PY Of $335.6
MILWAUKEE, Jan. 27, 2025 /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 27, 2025, declared a dividend of $0.35 per share. The dividend is payable on April 14, 2025, to shareholders of record at the close of business on March 31, 2025. The company has paid a dividend every quarter since January 1961. About Regal RexnordRegal Rexnord's 30,000 associates around the world help create a better tomorrow by providing sustainable solutions that power, transmit and control motion. The Company's electric motors and air moving subsystems provide the power to create m
MILWAUKEE, Jan. 10, 2025 /PRNewswire/ -- Regal Rexnord Corporation (NYSE:RRX) announced today that it plans to release its fourth quarter 2024 financial results after the market closes on Wednesday, February 5, 2025. Regal Rexnord will host a conference call to discuss the earnings release at 9:00 am CT (10:00 am ET) on Thursday, February 6, 2025. To listen to the live audio and view the presentation during the call, please visit Regal Rexnord's Investor website: https://investors.regalrexnord.com. To listen by phone or to ask the presenters a question, dial 1-877-264-6786 (U.S. callers) or +1.412.317.5177 (international callers) and enter 0181051# when prompted. A webcast replay will be av
MILWAUKEE, Nov. 4, 2024 /PRNewswire/ -- Regal Rexnord Corporation (NYSE:RRX) 3Q Highlights GAAP Diluted EPS Of $1.09, Adjusted Diluted EPS* Of $2.49, Up 18.6% Versus PYPaid Down $114 Million Of Gross Debt In 3Q, $733 Million Year-To-Date. On Track To Pay Down ~$900 Million Of Debt In The Year. Net Debt/Adjusted EBITDA (Including Synergies)* Of ~3.6xAdjusted Free Cash Flow* Of $125.5 MillionSales Of $1,477.4 Million, Down 10.4% Versus PY; Down 2.7% On An Organic* BasisGAAP Gross Margin Of 37.7%; Adjusted Gross Margin* A Record 38.4%GAAP Net Income Of $73.0 Million Versus PY GAAP Net Loss Of $(138.6) MillionAdjusted EBITDA* Of $337.0 Million Versus PY Of $330.0 Million**Adjusted EBITDA Margin
MILWAUKEE, Wis., Oct. 24, 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 October 24, 2024, declared a dividend of $0.35 per share. The dividend is payable on January 14, 2025, to shareholders of record at the close of business on December 31, 2024. The company has paid a dividend every quarter since January 1961. About Regal RexnordRegal Rexnord's 30,000 associates around the world help create a better tomorrow by providing sustainable solutions that power, transmit and control motion. The Company's electric motors and air moving subsystems provide the power
MILWAUKEE, Oct. 9, 2024 /PRNewswire/ -- Regal Rexnord Corporation (NYSE:RRX) announced today that it plans to release its third quarter 2024 financial results after the market closes on Monday, November 4, 2024. Regal Rexnord will host a conference call to discuss the earnings release at 9:00 am CT (10:00 am ET) on Tuesday, November 5, 2024. To listen to the live audio and view the presentation during the call, please visit Regal Rexnord's Investor website: https://investors.regalrexnord.com. To listen by phone or to ask the presenters a question, dial 1-877-264-6786 (U.S. callers) or +1.412.317.5177 (international callers) and enter 7461486# when prompted. A webcast replay will be availabl
MILWAUKEE, Sept. 17, 2024 /PRNewswire/ -- Regal Rexnord Corporation (NYSE:RRX) is hosting its 2024 Investor Day today at The Mandarin Oriental Hotel in New York City beginning at 8:30 AM ET. A live webcast of the event will be accessible on the Company's investor relations website at investors.regalrexnord.com. CEO Louis Pinkham, CFO Rob Rehard, and other members of the executive leadership team will discuss the Company's strategic growth objectives, including plans to accelerate profitable organic sales growth, continue to expand adjusted gross margins and adjusted EBITDA margins, grow free cash flow, and drive significant potential value creation through various capital deployment initiat
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MILWAUKEE, Feb. 18, 2025 /PRNewswire/ -- Regal Rexnord Corporation (NYSE:RRX) Regal Rexnord Corporation (NYSE:RRX) announced today the appointment of two new directors to the Board of Directors, Rashida A. Hodge and Gerben W. Bakker, effective February 17, 2025. The initial terms of Ms. Hodge and Mr. Bakker on the Board will continue until the 2025 annual meeting of shareholders, at which they will both be up for election. Ms. Hodge currently serves as Microsoft's Corporate Vice President of Customer Success – Azure Data and Artificial Intelligence (AI), where she leads the global commercial business, accelerating data-driven digital transformations for customers. Prior to Microsoft, Ms. Ho
CHATTANOOGA, Tenn., Nov. 08, 2022 (GLOBE NEWSWIRE) -- Astec Industries, Inc. (NASDAQ:ASTE) announced the company's board of directors (the "Board") elected Mr. Mark Gliebe and Mr. Nalin Jain, each a new independent director, effective as of November 10, 2022. The election of Mr. Gliebe and Mr. Jain increases the size of the Board to 12 directors, 11 of whom are independent directors. Each of Mr. Gliebe and Mr. Jain will serve as a member of the Audit Committee of the Board. In addition, Mr. Gliebe will also serve as a member of the Compensation Committee of the Board, and Mr. Jain will also serve as a member of the Nominating and Corporate Governance Committee of the Board. Mr. Gliebe is
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8-K - REGAL REXNORD CORP (0000082811) (Filer)
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8-K - REGAL REXNORD CORP (0000082811) (Filer)
Jefferies initiated coverage of Regal Rexnord with a rating of Buy and set a new price target of $215.00
Citigroup initiated coverage of Regal Rexnord with a rating of Buy and set a new price target of $200.00
Raymond James initiated coverage of Regal Rexnord with a rating of Mkt Perform
Wolfe Research upgraded Regal Rexnord from Peer Perform to Outperform and set a new price target of $151.00
Wolfe Research downgraded Regal Rexnord from Outperform to Peer Perform
Barclays reiterated coverage of Regal Rexnord with a rating of Overweight and set a new price target of $204.00 from $200.00 previously
Barclays resumed coverage of Regal Rexnord with a rating of Overweight and set a new price target of $200.00
Keybanc reiterated coverage of Regal Rexnord with a rating of Overweight and set a new price target of $200.00 from $185.00 previously
Oppenheimer reiterated coverage of Regal Rexnord with a rating of Outperform and set a new price target of $193.00 from $175.00 previously
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MILWAUKEE, Feb. 5, 2025 /PRNewswire/ -- Regal Rexnord Corporation (NYSE:RRX) 4Q Highlights Diluted EPS Of $0.62; Adjusted Diluted EPS* Of $2.34, Up 2.6% Versus PYPaid Down $205 Million Of Gross Debt In 4Q. Net Debt/Adjusted EBITDA (Including Synergies)* Of ~3.6xCash From Operating Activities Of $213.2 Million; Adjusted Free Cash Flow* Of $185.3 Million, Up 8.4% Versus PY4Q Daily Orders Up 4.4% Versus PYSales Of $1,461.1 Million, Down 9.1% Versus PY, Down 1.4% On An Organic* BasisGross Margin Of 34.9%; Adjusted Gross Margin* Of 37.1%, Up 60 Basis Points Versus PY**GAAP Net Income Of $42.0 Million Versus PY GAAP Net Income Of $56.6 MillionAdjusted EBITDA* Of $317.6 Million Versus PY Of $335.6
MILWAUKEE, Jan. 27, 2025 /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 27, 2025, declared a dividend of $0.35 per share. The dividend is payable on April 14, 2025, to shareholders of record at the close of business on March 31, 2025. The company has paid a dividend every quarter since January 1961. About Regal RexnordRegal Rexnord's 30,000 associates around the world help create a better tomorrow by providing sustainable solutions that power, transmit and control motion. The Company's electric motors and air moving subsystems provide the power to create m
MILWAUKEE, Jan. 10, 2025 /PRNewswire/ -- Regal Rexnord Corporation (NYSE:RRX) announced today that it plans to release its fourth quarter 2024 financial results after the market closes on Wednesday, February 5, 2025. Regal Rexnord will host a conference call to discuss the earnings release at 9:00 am CT (10:00 am ET) on Thursday, February 6, 2025. To listen to the live audio and view the presentation during the call, please visit Regal Rexnord's Investor website: https://investors.regalrexnord.com. To listen by phone or to ask the presenters a question, dial 1-877-264-6786 (U.S. callers) or +1.412.317.5177 (international callers) and enter 0181051# when prompted. A webcast replay will be av
MILWAUKEE, Nov. 4, 2024 /PRNewswire/ -- Regal Rexnord Corporation (NYSE:RRX) 3Q Highlights GAAP Diluted EPS Of $1.09, Adjusted Diluted EPS* Of $2.49, Up 18.6% Versus PYPaid Down $114 Million Of Gross Debt In 3Q, $733 Million Year-To-Date. On Track To Pay Down ~$900 Million Of Debt In The Year. Net Debt/Adjusted EBITDA (Including Synergies)* Of ~3.6xAdjusted Free Cash Flow* Of $125.5 MillionSales Of $1,477.4 Million, Down 10.4% Versus PY; Down 2.7% On An Organic* BasisGAAP Gross Margin Of 37.7%; Adjusted Gross Margin* A Record 38.4%GAAP Net Income Of $73.0 Million Versus PY GAAP Net Loss Of $(138.6) MillionAdjusted EBITDA* Of $337.0 Million Versus PY Of $330.0 Million**Adjusted EBITDA Margin
MILWAUKEE, Wis., Oct. 24, 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 October 24, 2024, declared a dividend of $0.35 per share. The dividend is payable on January 14, 2025, to shareholders of record at the close of business on December 31, 2024. The company has paid a dividend every quarter since January 1961. About Regal RexnordRegal Rexnord's 30,000 associates around the world help create a better tomorrow by providing sustainable solutions that power, transmit and control motion. The Company's electric motors and air moving subsystems provide the power
MILWAUKEE, Oct. 9, 2024 /PRNewswire/ -- Regal Rexnord Corporation (NYSE:RRX) announced today that it plans to release its third quarter 2024 financial results after the market closes on Monday, November 4, 2024. Regal Rexnord will host a conference call to discuss the earnings release at 9:00 am CT (10:00 am ET) on Tuesday, November 5, 2024. To listen to the live audio and view the presentation during the call, please visit Regal Rexnord's Investor website: https://investors.regalrexnord.com. To listen by phone or to ask the presenters a question, dial 1-877-264-6786 (U.S. callers) or +1.412.317.5177 (international callers) and enter 7461486# when prompted. A webcast replay will be availabl
MILWAUKEE, July 31, 2024 /PRNewswire/ -- Regal Rexnord Corporation (NYSE:RRX) 2Q Highlights GAAP Diluted EPS Of $0.94, Adjusted Diluted EPS* Of $2.29Adjusted Free Cash Flow* Of $136.4 Million; On Track To Full Year Outlook Of ~$700 MillionPaid Down $480.9 Million Of Gross Debt. On Track To Pay Down ~$900 Million Of Debt In The YearNet Debt/Adjusted EBITDA (Including Synergies) Now ~3.6xSales Of $1,547.6 Million, Down 12.5% Versus PY; Down 7.0% On An Organic Basis Excluding Industrial**GAAP Gross Margin Of 36.9%; Adjusted Gross Margin* Excluding Industrial** Of 38.1%GAAP Net Income Of $63.0 Million Versus PY GAAP Net Income Of $33.2 MillionAdjusted EBITDA* Excluding Industrial** Of $335.3 Mi
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 RexnordRegal Rexnord's 30,000 associates around the world help create a better tomorrow by providing sustainable solutions that power, transmit and control motion. The Company's electric motors and air moving subsystems provide the power to creat
MILWAUKEE, July 9, 2024 /PRNewswire/ -- Regal Rexnord Corporation (NYSE:RRX) announced today that it plans to release its second quarter 2024 financial results after the market closes on Wednesday, July 31, 2024. Regal Rexnord will host a conference call to discuss the earnings release at 9:00 am CT (10:00 am ET) on Thursday, August 1, 2024. To listen to the live audio and view the presentation during the call, please visit Regal Rexnord's Investor website: https://investors.regalrexnord.com. To listen by phone or to ask the presenters a question, dial 1-877-264-6786 (U.S. callers) or +1.412.317.5177 (international callers) and enter 6649193# when prompted. A webcast replay will be availabl
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 PORTFOLIOWe 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 $2.00Adjusted Free Cash Flow* Of $64.6 Million; On Track To Full Year Outlook Of $700 MillionPaid Down $135.0 Million Of Gross DebtSales Of $1,547.7 Million, Up 26.4% Versus PY, Down 7.5% On A Pro Forma Organic BasisGAAP Gross Margin