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 |
|---|---|---|---|
| 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 |
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
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
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 manufactured;Creating a diverse and inclusive workplace, where associates leverage their unique perspectives to foster innovation and drive success for customers, fellow associates, and sharehold
MILWAUKEE, Wis., Aug. 26, 2024 /PRNewswire/ -- Regal Rexnord Corporation (NYSE:RRX) announced today that it plans to host an investor day on Tuesday, September 17, 2024. The event will occur at the Mandarin Oriental Hotel at 80 Columbus Circle in New York City. Presentations are scheduled to begin at 8:30AM ET and will conclude at approximately Noon, followed by a lunch with Company management. Louis Pinkham, Regal Rexnord's CEO, Rob Rehard, its CFO, and other members of the executive leadership team will present information about the company's plans to accelerate profitable growth and drive value creation. The program will comprise presentations, Q&A sessions, and opportunities for discuss
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
Regal Rexnord Corporation (NYSE:RRX), a global leader in the engineering and manufacturing of controllers, drives, precision motors, actuators, electric motors, air moving subsystems, and power transmission components, has launched the next generation Perceptiv Intelligent Reliability and Maintenance Solution for condition monitoring and predictive maintenance in industrial manufacturing. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240604180251/en/The next evolution of the Perceptiv ecosystem offers customers a unified platform to meet the growing reliability needs industrial manufacturers face today. (Photo: Business Wire) T
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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
MILWAUKEE, April 23, 2024 /PRNewswire/ -- Regal Rexnord Corporation (NYSE:RRX) announced today that it plans to release its first quarter 2024 financial results after the market closes on Monday, May 6, 2024. Regal Rexnord will host a conference call to discuss the earnings release at 9:00 am CT (10:00 am ET) on Tuesday, May 7, 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 2519845# when prompted. A webcast replay will be available at the
MILWAUKEE, Wis., April 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 April 22, 2024, declared a dividend of $0.35 per share. The dividend is payable on July 12, 2024, to shareholders of record at the close of business on June 28, 2024. The company has paid a dividend every quarter since January 1961. Regal Rexnord Corporation is a global leader in the engineering and manufacturing of factory automation sub-systems, industrial powertrain solutions, automation and mechanical power transmission components, electric motors and electronic controls, air moving
MILWAUKEE, Feb. 7, 2024 /PRNewswire/ -- Regal Rexnord Corporation (NYSE:RRX) Fourth Quarter Highlights GAAP Diluted EPS Of $0.84 And Adjusted Diluted EPS* Of $2.28, Delivering On Prior CommitmentsStrong Adjusted Free Cash Flow* Of $170.9 MillionPaid Down $116.7 Million Of Gross Debt; Net Debt Declined By $153.2 Million; Net Debt To Pro Forma Adjusted EBITDA (Including Synergies)* Is Now 3.80Sales Up 29.2% Versus PY, Down 6.9% On A Pro Forma Organic Basis*GAAP Net Income Decreased $46.1 Million Versus PY To $56.6 MillionAdjusted EBITDA* Of $346.5 MillionAdjusted EBITDA Margin* Of 21.5% Up 40 Basis Points Versus PY On A Pro Forma Basis* As Synergies And 80/20 More Than Offset End Market Volum
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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
Throughout the last three months, 4 analysts have evaluated Regal Rexnord (NYSE:RRX), offering a diverse set of opinions from bullish to bearish. The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 4 0 0 0 Last 30D 0 1 0 0 0 1M Ago 0 0 0 0 0 2M Ago 0 1 0 0 0 3M Ago 0 2 0 0 0 Analysts have recently evaluated Regal Rexnord and provided 12-month price targets. The average target is $194.5, accompanied by a high estimate of $208.00 and a low estimate of $181.00. A decline of 4.77% fro
Keybanc analyst Jeffrey Hammond maintains Regal Rexnord (NYSE:RRX) with a Overweight and lowers the price target from $210 to $190.
In the last three months, 4 analysts have published ratings on Regal Rexnord (NYSE:RRX), offering a diverse range of perspectives from bullish to bearish. The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 4 0 0 0 Last 30D 0 0 0 0 0 1M Ago 0 1 0 0 0 2M Ago 0 2 0 0 0 3M Ago 0 1 0 0 0 Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $197.75, with a high estimate of $208.00 and a low estimate of $181.00. Observing a downward tre
Raymond James analyst Tim Thein initiates coverage on Regal Rexnord (NYSE:RRX) with a Market Perform rating.
Regal Rexnord's (NYSE:RRX) short percent of float has risen 51.74% since its last report. The company recently reported that it has 1.38 million shares sold short, which is 2.61% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.33 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interest
Regal Rexnord (NYSE:RRX) has outperformed the market over the past 20 years by 1.54% on an annualized basis producing an average annual return of 9.65%. Currently, Regal Rexnord has a market capitalization of $9.03 billion. Buying $100 In RRX: If an investor had bought $100 of RRX stock 20 years ago, it would be worth $634.38 today based on a price of $135.82 for RRX at the time of writing. Regal Rexnord's Performance Over Last 20 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's automated content engine
Throughout the last three months, 7 analysts have evaluated Regal Rexnord (NYSE:RRX), offering a diverse set of opinions from bullish to bearish. The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 7 0 0 0 Last 30D 0 1 0 0 0 1M Ago 0 2 0 0 0 2M Ago 0 0 0 0 0 3M Ago 0 4 0 0 0 The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $201.57, a high estimate of $210.00, and a low estimate of $181.00. This current average has increased by