Regal Rexnord (NYSE:RRX) Misses Q3 Sales Targets [Yahoo! Finance]
Regal Rexnord Corporation (RRX)
Company Research
Source: Yahoo! Finance
Its non-GAAP profit of $2.49 per share was in line with analysts' consensus estimates. Is now the time to buy Regal Rexnord? Find out in our full research report Revenue: $1.48 billion vs analyst estimates of $1.52 billion (2.9% miss) Adjusted EPS: $2.49 vs analyst expectations of $2.48 (in line) EBITDA: $337 million vs analyst estimates of $352.6 million (4.4% miss) Management lowered its full-year Adjusted EPS guidance to $9.30 at the midpoint, a 3.1% decrease Gross Margin (GAAP): 37.7%, up from 33.6% in the same quarter last year Operating Margin: 11.8%, up from -1.2% in the same quarter last year EBITDA Margin: 22.8%, up from 20.6% in the same quarter last year Free Cash Flow Margin: 8.5%, down from 9.8% in the same quarter last year Organic Revenue fell 2.7% year on year (-10.8% in the same quarter last year) Market Capitalization: $11.25 billion CEO Louis Pinkham commented, "Our team's controllable execution was strong in the third quarter, most evident i
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News
- Multiple Tailwinds Lifted Regal Rexnord Corporation (RRX) in Q3 [Yahoo! Finance]Yahoo! Finance
- CubeSmart (CUBE) Benefitted From Lower Interest Rate [Yahoo! Finance]Yahoo! Finance
- Regal Rexnord Co. (NYSE: RRX) had its price target lowered by analysts at Robert W. Baird from $223.00 to $208.00. They now have an "outperform" rating on the stock.MarketBeat
- Regal Rexnord Corp (RRX) Q3 2024 Earnings Call Highlights: Record Margins Amid Sales Decline [Yahoo! Finance]Yahoo! Finance
- Decoding Regal Rexnord Corp (RRX): A Strategic SWOT Insight [Yahoo! Finance]Yahoo! Finance
RRX
Earnings
- 11/4/24 - Miss
RRX
Sec Filings
- 11/12/24 - Form 4
- 11/12/24 - Form 4
- 11/12/24 - Form SC
- RRX's page on the SEC website