REGAL REXNORD REPORTS THIRD QUARTER 2024 FINANCIAL RESULTS [Yahoo! Finance]
Regal Rexnord Corporation (RRX)
Company Research
Source: Yahoo! Finance
Paid Down $114 Million Of Gross Debt In 3Q, $733 Million Year-To-Date. On Track To Pay Down ~$900 Million Of Debt In The Year. Net Debt/Adjusted EBITDA (Including Synergies)* Of ~3.6x Adjusted Free Cash Flow* Of $125.5 Million Sales Of $1,477.4 Million , Down 10.4% Versus PY; Down 2.7% On An Organic* Basis GAAP Gross Margin Of 37.7%; Adjusted Gross Margin* A Record 38.4% GAAP Net Income Of $73.0 Million Versus PY GAAP Net Loss Of $(138.6) Million Adjusted EBITDA* Of $337.0 Million Versus PY Of $330.0 Million Adjusted EBITDA Margin* A Record 22.8%, Up 110 Basis Points Versus PY** Synergies Of $27 Million ; On Track To Deliver $90 Million In The Year 3Q Orders Up 2.5% Versus PY CEO Louis Pinkham commented, " Our team's controllable execution was strong in the third quarter, most evident in healthy adjusted gross and EBITDA margin gains, and clear signs of market outgrowth in our largest and highest-margin segment, Industrial Powertrain Solutions. As a Company, we deli
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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