Regal Rexnord Corp (RRX) Q3 2024 Earnings Call Highlights: Record Margins Amid Sales Decline [Yahoo! Finance]
Regal Rexnord Corporation (RRX)
Company Research
Source: Yahoo! Finance
Sales Decline: Down 2.7% on a comparable organic basis. Adjusted Earnings Per Share (EPS): $2.49, up 18.6% from the prior year. Adjusted Free Cash Flow: $126 million for the quarter. Debt Repayment: Approximately $114 million repaid in the quarter. Net Debt: $5.2 billion at the end of the quarter. Full-Year Adjusted EPS Guidance: Revised to $9.15 to $9.45. Full-Year Adjusted Free Cash Flow Guidance: Approximately $600 million. Warning! GuruFocus has detected 7 Warning Signs with RRX. Release Date: November 05, 2024 For the complete transcript of the earnings call, please refer to the full earnings call transcript Regal Rexnord Corp ( NYSE:RRX ) achieved a record adjusted gross margin of 38.4% and a record adjusted EBITDA margin of 22.8%, up 110 basis points from the previous year. The IPS segment showed strong performance with positive organic growth and record adjusted EBITDA margins, driven by successful synergy initiatives. Orders in the third quarter incre
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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
- Decoding Regal Rexnord Corp (RRX): A Strategic SWOT Insight [Yahoo! Finance]Yahoo! Finance
- Regal Rexnord Corporation 2024 Q3 - Results - Earnings Call Presentation [Seeking Alpha]Seeking Alpha
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