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
- Are Investors Undervaluing Regal Rexnord Corporation (NYSE:RRX) By 38%? [Yahoo! Finance]Yahoo! Finance
- Regal Rexnord Co. (NYSE: RRX) had its price target raised by analysts at The Goldman Sachs Group, Inc. from $191.00 to $213.00. They now have a "buy" rating on the stock.MarketBeat
- Regal Rexnord Co. (NYSE: RRX) is now covered by analysts at Jefferies Financial Group Inc.. They set a "buy" rating and a $215.00 price target on the stock.MarketBeat
- Crane Motors Market Poised for Transformational Growth as Technological Advancements and Renewable Energy Drive Demand | Future Market Insights, Inc. [Yahoo! Finance]Yahoo! Finance
- Regal Rexnord Corporation (RRX) Rose 23% Despite Mixed Results [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