Please try again. The Company's GAAP guidance includes financing costs and net interest expense on the senior notes issued in January 2023, but excludes other financial impacts and contributions of the Altra acquisition. The Regal Special Cash Dividend will be paid on October 5, 2021. While the precise definition of an insider can be subjective, almost everyone considers board members to be insiders. Written by Regal Rexnord is now better positioned for Industry 4.0, which will be critical to future new product development efforts. Regal Rexnord Corporation, with pro forma 2022 revenue of $7.1 Billion and 36,000 associates, 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 products . The company's shares closed last Wednesday at . The service requires full JavaScript support in order to view this website. The largest shareholders of RRX are institutional investors and mutual funds, which collectively own approximately 88% of the outstanding shares of the company. It manufactures and supplies engineered components and systems to various industries such as aerospace, agriculture, food and beverage, mining, and energy. The following item(s) have been moved to {0}: {1}. REGAL REXNORD CORPORATION COMPLETES ACQUISITION OF ALTRA INDUSTRIAL MOTION CORP. https://www.prnewswire.com/news-releases/regal-rexnord-corporation-completes-acquisition-of-altra-industrial-motion-corp-301782041.html, Transforms Regal Rexnord's Automation Portfolio Into A Meaningful, Global Automation Solutions Provider, With Over 70% Of Its Sales Into Markets With Secular Growth Tailwinds, Combines Complementary Power Transmission Portfolios To Deliver Enhanced Industrial Powertrain Solutions For Customers, Portfolio To Be Comprised Of Four Segments: Industrial Powertrain Solutions ("IPS", ~37% Of Pro Forma 2022 Sales), Power Efficiency Solutions ("PES", ~31%), Automation & Motion Control ("AMC", ~24%) And Industrial Systems ("IS", ~8%), Unites Aligned Cultures With Deep Commitments To Serving Customers And Infuses Significant New Talent Into The Organization To Support Growth And Margin Enhancement Initiatives, Affirm Anticipated Annualized Cost Synergies Of $160 million By Year Four, Plus Significant Cross-Marketing Revenue Opportunities, Expect Net Debt/Adjusted EBITDA At Or Below Previously Communicated Target Of 3.9X By The End Of 2Q 2023, In A Range Of 2.5-3.0x In 2024, And Below 2.5x In 2025, Affirm 2023 Guidance For Legacy Regal Rexnord, Including GAAP Diluted EPS In A Range Of $5.64 To $6.44 And Adjusted Diluted EPS In A Range Of $10.05 To $10.85, Reiterate Pro Forma Targets For 2025 Revenue Of ~$8.3 Billion, Adjusted Gross Margin Of ~40%, Adjusted EBITDA Margins >25%, Adjusted EPS Of ~$18, And Annual Free Cash Flow ~$1.1 Billion And $1.4 Billion In 2026. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Uploaded file is not supported, File upload supports {0}. Registered title facilitates public searches of land ownership. Together, we offer a comprehensive product portfolio that enables Regal Rexnord to provide more complete power transmission capabilities and automation solutions. About Regal RexnordRegal Rexnord Corporation is a global leader in the engineering and manufacturing of automation sub-systems, industrial powertrain solutions, automation and power transmission components, electric motors and electronic controls, air moving products, and specialty electrical components and systems, serving customers around the world. Regal Rexnord Corporation, usually referred to as just Regal Rexnord, is a manufacturer of electric motors and power transmission components headquartered in Beloit, Wisconsin. The segment will continue to operate with regional North American and Asian leadership team members reporting together to the CEO, while the Company continues its strategic review of the Global Motors and Generators businesses. CEO Louis Pinkham commented, "The addition of PMC is a tremendous positive step forward in Regal's ongoing transformation, positioning our company the new Regal Rexnord better than ever before, to create significant value for all our key stakeholders. Every company has them, and we've spotted 1 warning sign for Regal Rexnord you should know about. Forward-looking statements include statements that are not historical facts and can be identified by forward-looking words such as "anticipate," "anticipate," "believe," "estimate," "expect," "plan," "may," "will," "project," "forecast," "would," "could," "should," and similar expressions. While it makes sense to study institutional ownership data for a company, it also makes sense to study analyst sentiments to know which way the wind is blowing. Please select at least one product category. Such forward-looking statements may include, among other things, statements about the acquisition of Altra (the "Altra Acquisition"), the benefits and synergies of the Altra acquisition and the updated segment reporting structure, future opportunities for Regal Rexnord, and any other statements regarding Regal Rexnord's future operations, anticipated economic activity, business levels, credit ratings, future earnings, planned activities, anticipated growth, market opportunities, strategies, competition and other expectations and estimates for future periods. Regal Rexnord Corporation (RRX) is a publicly traded company, which means that it is owned by a group of shareholders who own a portion of the company's shares. www.contractingbusiness.com is using a security service for protection against online attacks. This email is already in use. Internal users can not request access for customer accounts. Please enable cookies on your browser and try again. Please log in. Shareholders, potential investors, and other readers are urged to consider these factors in evaluating the forward-looking statements and are cautioned not to place undue reliance on such forward-looking statements. "Net Debt" is defined as total long-term debt adjusted for cash. It is always good to see at least some insider ownership, but it might be worth checking if those insiders have been selling. There are a reasonable number of analysts covering the stock, so it might be useful to find out their aggregate view on the future. The pro forma business has higher exposure to end markets with secular growth tailwinds, which are expected to represent over 40% of sales by 2025 and more than 50% when considering exposure to residential HVAC. Post the deal completion, Regal Beloit's shareholders will own 61.4% of the combined entity ("New Regal"), while the rest 38.6% will be owned by Rexnord's shareholders. (a), 2023 Adjusted Diluted EPS Annual Guidance. In this press release, Regal Rexnord discloses the following non-GAAP financial measures: adjusted diluted earnings per share, adjusted EBITDA, adjusted EBITDA margin, adjusted gross profit, adjusted gross margin, net debt, adjusted net income attributable to Regal Rexnord, free cash flow, free cash flow as a percentage of adjusted . The new structure reflects a corresponding change in leadership as well as the manner in which the CEO reviews financial information to allocate resources and assess performance. Rexnord | RXN Stock Price, Company Overview & News Our management primarily uses adjusted EBITDA and adjusted EBITDA margin to help us evaluate our business and forecast our future results. The impact of foreign currency translation is determined by translating the respective period's organic sales using the currency exchange rates that were in effect during the prior year periods. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. Your session has timed out. Type a symbol or company name. The account you are currently on does not have access to purchase this product. We believe that these non-GAAP financial measures are useful measures for providing investors with additional information regarding our results of operations and for helping investors understand and compare our operating results across accounting periods and compared to our peers. Please review and select a warehouse for Catalog/Part Numbers: {0}. 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Important factors that could cause Regal Rexnord's actual results to differ materially from the results referred to in the forward-looking statements Regal Rexnord makes in this release include: Regal Rexnord's substantial indebtedness and the effects of such indebtedness on its financial flexibility; Regal Rexnord's ability to achieve its objectives on reducing its indebtedness on the desired timeline; dependence on key suppliers and the potential effects of supply disruptions; fluctuations in commodity prices and raw material costs; any unforeseen changes to or the effects on liabilities, future capital expenditures, revenue, expenses, synergies, indebtedness, financial condition, losses and future prospects; the possibility that Regal Rexnord may be unable to achieve expected benefits, synergies and operating efficiencies in connection with the Altra acquisition and the merger with Rexnord's Process & Motion Control business (the "Rexnord PMC business") (together with the Altra acquisition, the "Transactions") within the expected time-frames or at all and to successfully integrate Altra and the Rexnord PMC business; expected or targeted future financial and operating performance and results; operating costs, customer loss and business disruption (including, without limitation, difficulties in maintaining relationships with employees, customers, clients or suppliers) being greater than expected following the Transactions; Regal Rexnord's ability to retain key executives and employees; the continued financial and operational impacts of and uncertainties relating to the COVID-19 pandemic on customers and suppliers and the geographies in which they operate; uncertainties regarding the ability to execute restructuring plans within expected costs and timing; challenges to the tax treatment that was elected with respect to the acquisition of the Rexnord PMC business and related transactions; requirements to abide by potentially significant restrictions with respect to the tax treatment of the Rexnord PMC business which could limit Regal Rexnord's ability to undertake certain corporate actions that otherwise could be advantageous; actions taken by competitors and their ability to effectively compete in the increasingly competitive global electric motor, drives and controls, power generation and power transmission industries; the ability to develop new products based on technological innovation, such as the Internet of Things, and marketplace acceptance of new and existing products, including products related to technology not yet adopted or utilized in geographic locations in which Regal Rexnord does business; dependence on significant customers; seasonal impact on sales of products into HVAC systems and other residential applications; risks associated with climate change and uncertainty regarding its ability to deliver on its climate commitments and/or to meet related investor, customer and other third party expectations relating to its sustainability efforts; risks associated with global manufacturing, including public health crises and political, societal or economic instability, including instability caused by the conflict between Russia and Ukraine; issues and costs arising from the integration of acquired companies and businesses and the timing and impact of purchase accounting adjustments; prolonged declines in one or more markets, such as heating, ventilation, air conditioning, refrigeration, power generation, oil and gas, unit material handling, water heating and aerospace; economic changes in global markets, such as reduced demand for products, currency exchange rates, inflation rates, interest rates, recession, government policies, including policy changes affecting taxation, trade, tariffs, immigration, customs, border actions and the like, and other external factors that Regal Rexnord cannot control; product liability, asbestos and other litigation, or claims by end users, government agencies or others that products or customers' applications failed to perform as anticipated, particularly in high volume applications or where such failures are alleged to be the cause of property or casualty claims; unanticipated liabilities of acquired businesses; unanticipated adverse effects or liabilities from business exits or divestitures, including in connection with its evaluation of strategic alternatives for the Industrial Systems operating segment; Regal Rexnord's ability to identify and execute on future M&A opportunities, including significant M&A transactions; the impact of any such M&A transactions on Regal Rexnord's results, operations and financial condition, including the impact from costs to execute and finance any such transactions; unanticipated costs or expenses that may be incurred related to product warranty issues; infringement of intellectual property by third parties, challenges to intellectual property, and claims of infringement on third party technologies; effects on earnings of any significant impairment of goodwill; losses from failures, breaches, attacks or disclosures involving information technology infrastructure and data; costs and unanticipated liabilities arising from rapidly evolving data privacy laws and regulations; cyclical downturns affecting the global market for capital goods; and other risks and uncertainties including, but not limited, to those described in the section entitled "Risk Factors" in Regal Rexnord's Annual Report on Form 10-K on file with the SEC and from time to time in other filed reports including Regal Rexnord's Quarterly Reports on Form 10-Q. During the Tudor conquest of Ireland (c.1540-1603), "surrender and regrant" was the legal mechanism by which Irish clans were to be converted from a power structure rooted in clan and kin loyalties, to a late-feudal system under the English legal system.The policy was an attempt to incorporate the clan chiefs into the English-controlled Kingdom of Ireland, and to guarantee their property . You must provide the name of a Regal Rexnord employee who can confirm your need for access to Genteq technical documents. The service offering is further enhanced when including Regal Rexnord's suite of IIoT and data analytics capabilities, marketed under the PerceptivTM brand, which are supported by proprietary data from its power transmission, automation and motor components related to how they inter-operate as part of a larger sub-system. Please try again after some time. Regal Rexnord is a global manufacturer of electric motors, power transmission products and more. Land Registry title identifies land by reference to Ordnance Survey maps. Through longstanding technology leadership and an intentional focus on producing more energy-efficient products and systems, Regal Rexnord helps create a better tomorrow for its customers and for the planet. Concerned about the content? Today, we serve our customers in four strong business segments: Climate Solutions, Commercial Systems, Industrial Systems and Motion Control Systems. We create a better tomorrow by energy-efficiently converting power into motion, Positions Regal Rexnord For Accelerated Growth, Higher Margins, Stronger Free Cash Flow And Higher ROIC By Enhancing Its Value Proposition With Key Stakeholders. Email Address has been changed successfully. Please select at least two products to compare using the 'Add to Compare' checkbox found on product list pages or product detail pages. Simply Wall St for While this size of ownership may not be enough to sway a policy decision in their favour, they can still make a collective impact on company policies. Meanwhile, the second and third largest shareholders, hold 4.9% and 4.8%, of the shares outstanding, respectively. Be accretive to adjusted EPS:The moderate accretion anticipated in the first year post closing is expected to rise materially in the coming years as cost synergies grow, sales synergies are executed, de-leveraging is achieved, and Regal Rexnord's cash tax rate normalizes. Smith's Electrical Products Company (EPC) and Emerson's Power Transmission Solutions (PTS) business. Please change to your {1} account to purchase. The number of shares of Regal common stock that each Land stockholder is entitled to receive was determined by an exchange ratio calculated pursuant to the terms of the Merger Agreement between the parties. This product complies with the standards of the country you selected.
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