An Evolved Business Purpose For A Transformed Regal Rexnord [Yahoo! Finance]
Regal Rexnord Corporation (RRX)
Company Research
Source: Yahoo! Finance
portfolio transformation over the last few years – now complete, after closing yesterday on the sale of the Industrial Motors and Generators businesses that comprised the substantial majority of its Industrial Systems segment. In the last three years, the Company also executed two other significant M&A transactions – the 2021 merger with Rexnord's ~$1.2 billion industrial power transmission business, and the 2023 acquisition of Altra, with ~$1.9 billion in sales split between industrial power transmission and automation. Measured on sales by application, industrial power transmission is now just under 45% of the Regal Rexnord portfolio, with the remaining 55% split roughly equally between factory automation solutions, and high-efficiency electric motors and air moving subsystem offerings. Evidencing its progress on portfolio diversification, the electric motors business represented over 70% of the portfolio just five years ago. The evolution of the Company's portfolio through merg
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RRX
News
- Regal Rexnord Co. (NYSE: RRX) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- Regal Rexnord Corporation (NYSE:RRX) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Regal Rexnord Co. (NYSE: RRX) had its price target lowered by analysts at Barclays PLC from $203.00 to $199.00. They now have an "overweight" rating on the stock.MarketBeat
- Regal Rexnord Co. (NYSE: RRX) had its price target raised by analysts at Robert W. Baird from $205.00 to $208.00. They now have an "outperform" rating on the stock.MarketBeat
- Regal Rexnord (RRX) Q1 Earnings Beat Estimates [Yahoo! Finance]Yahoo! Finance
RRX
Earnings
- 5/6/24 - Beat
RRX
Sec Filings
- 5/15/24 - Form 144
- 5/13/24 - Form 4
- 5/13/24 - Form 4
- RRX's page on the SEC website