We have moved our corporate headquarters and re-branded our company several times since 1955. Learn More about Powertrain Solutions > Meet Perceptiv Intelligence Couplings. 1 Includes an equity valuation of $4.11 billion or $62.00 per Altra share and the assumption of $837 million of net debt as of December 31, 2022. Our success is measured by our ability to create value for our shareholders, employees, customers, and the communities in which we operate. You can only order in multiples of {0}. Regal Rexnord is comprised of four operating segments: Motion Control Solutions, Climate Solutions, Commercial Systems and Industrial Systems. Commenting on the announcement, CEO Louis Pinkham said, "I am thrilled to welcome Altra associates to Regal Rexnord, and incredibly excited about all that we expect to accomplish as one, enhanced Regal Rexnord team. We will do this by providing more energy-efficient systems and solutions, developed with greater intention, that work better together across the power train, especially by leveraging voice of the customer to inform our innovation efforts. This Link-Belt drop-in can be converted to a fixed or expansion bearing in the same housing, and dimpled flats allow ease of installation. Regal Rexnord Corporation acquires Arrowhead Systems Inc. 2022. Additionally, estimating such GAAP measures and providing a meaningful reconciliation consistent with our accounting policies for future periods is extremely difficult and requires a level of precision that is unavailable for these future periods and cannot be accomplished without unreasonable effort. Please select at least one product category. Altra's Automation & Specialty platform transforms our existing automation portfolio into a meaningful, global automation solutions provider. This beneficial acquisition positioned TB Wood's as part of a larger company with complementary power transmission products to help grow its business. www.contractingbusiness.com is using a security service for protection against online attacks. View original content:https://www.prnewswire.com/news-releases/regal-completes-merger-with-rexnord-pmc-creating-regal-rexnord-corporation-accelerating-its-transformation-into-a-faster-growing-more-profitable-enterprise-301392130.html, Investor Relations Regal Rexnord Corporation, The New Regal Rexnord Will Offer An Expanded Range Of Products & Solutions Aimed At Delivering Enhanced Energy Efficiency And Productivity Gains For A Broader Set Of Customers Around The World, Regal Completes Merger With Rexnord PMC, Creating Regal Rexnord Corporation, Accelerating Its Transformation Into A Faster-Growing, More Profitable Enterprise, https://www.prnewswire.com/news-releases/regal-completes-merger-with-rexnord-pmc-creating-regal-rexnord-corporation-accelerating-its-transformation-into-a-faster-growing-more-profitable-enterprise-301392130.html, Merger Creates More Balanced Portfolio With Mechanical Power Transmission Nearly 50% Of Sales, Substantial Growth Opportunities From Selling Industrial Powertrain Solutions Engineered To Raise Energy Efficiency And Customer Productivity, Committed To Energy Efficiency Always Being Top Of Mind The New Regal Rexnord Will Now Derive Significantly More Of Its Sales From ESG-Enabling Products And Solutions, Reiterating Anticipated 2022 Revenue Of Approximately $5.0 Billion, Reiterating Anticipated Cost Synergies Of At Least $120 Million Over 3 Years, Reiterating Expected 2022 Adjusted EBITDA Over $1 Billion, Pro Forma Leverage Of Less Than 1.0x Estimated 2021 Net Debt/EBITDA, Special Cash Dividend Of $6.99 Per Share Paid To RBC Shareholders On October 5th, In The Aggregate Worth Approximately $284 Million, Regal Beloit Corporation Renamed Regal Rexnord Corporation, Former RBC Shares Will Trade As RRX Beginning October 5, A Video Highlighting The New Regal Rexnord Is Available. Expected synergies are anticipated to be driven by procurement savings, distribution efficiencies, footprint rationalization, and SG&A reductions. This product complies with the standards of the country you selected. Belpointe Asset Management LLC now owns 208 shares of the company's stock valued at $29,000 after buying an additional 121 shares . Your shopping cart qualifies for free shipping. Ticker ChangeOn October 5, 2021, Regal common stock, which trades on the New York Stock Exchange, will cease trading under the ticker symbol "RBC" and commence trading under the ticker symbol "RRX". Uploaded file is not supported, File upload supports {0}. Regal Rexnord is a global manufacturer of electric motors, power transmission products and more. Important factors that could cause actual results to differ materially from the results referred to in the forward-looking statements Regal Rexnord makes in this communication include: risks relating to 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 synergies and operating efficiencies in connection with the Transactions within the expected time-frames or at all and to successfully integrate the 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; the ability to obtain the anticipated tax treatment of the Transactions and related transactions; 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; fluctuations in commodity prices and raw material costs; dependence on significant customers; seasonal impact on sales of products into HVAC systems and other residential applications; risks associated with global manufacturing, including risks associated with public health crises; issues and costs arising from the integration of acquired companies and businesses and the timing and impact of purchase accounting adjustments; Regal Rexnord's overall debt levels and its ability to repay principal and interest on its outstanding debt, including debt assumed or incurred in connection with the Transactions; prolonged declines in one or more markets, such as heating, ventilation, air conditioning, refrigeration, power generation, oil and gas, unit material handling or water heating; 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 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; unanticipated costs or expenses that may be incurred related to product warranty issues; dependence on key suppliers and the potential effects of supply disruptions; 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 or intangible assets; losses from failures, breaches, attacks or disclosures involving information technology infrastructure and data; cyclical downturns affecting the global market for capital goods; changes in the method of determining London Interbank Offered Rate ("LIBOR"), or the replacement of LIBOR with an alternative reference rate; and other risks and uncertainties including, but not limited, to those described in the section entitled "Risk Factors" in Regal Rexnord's joint proxy statement/prospectus-information statement on file with the Securities and Exchange Commission, 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. If you need access, please route through the customer service representatives. AdvisorsJ.P. There is no change in the CUSIP of Regal common stock in connection with the closing of the transaction. Regal Rexnord Corp ownership analysis. This email is already in use. High speed production for two piece aluminum and three piece steel cans. Forward-looking non-GAAP measures are estimated consistent with the relevant definitions and assumptions. 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 . The Regal Special Cash Dividend will be paid on October 5, 2021. Together, we can create even more value for our customers, our fellow associates, and our shareholders.". In conclusion, Regal Rexnord Corporation uses innovative engineering and a commitment to sustainability to provide industry-leading products and solutions to its customers. Through the years company's range expanded beyond sheaves and belts to include sprockets, bearing units and gear reducers. What is Earnings per Share (EPS) and How Does It Impact a Company's Financial Performance? Explore our family of brands below. 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. These forward-looking statements are based upon information currently available to Regal Rexnord and are subject to a number of risks, uncertainties, and other factors that could cause actual results, performance, prospects or opportunities to differ materially from those expressed in, or implied by, these forward-looking statements. About We currently reside in downtown Beloit, Wisconsin. Gears. Mastering Financial Statement Interpretation, Value Investing: Pros, Cons, and Best Practices. The item {1} requires a minimum of {0} quantity. Louis Pinkham, CEO of the company known since Tuesday as Regal Rexnord Corp. (NYSE: RRX), said in an interview with the Milwaukee Business Journal that job eliminations are inevitable in a. We . From the cupper to the palletizer, we offer a complete line of conveyance and palletizing solutions. Valid attachments are .PDF, .PNG, .JPG, .JPEG. In 1969, the Browning Manufacturing Company was acquired by Emerson Electric Company. Accelerate organic growth:A broader offering, stronger channel, increased global presence, and an enhanced customer value proposition should support stronger organic growth. Create your Watchlist to save your favorite quotes on Nasdaq.com. For context, the second largest shareholder holds about 4.9% of . Regal Rexnord Corporation, also known as RRX, is a globally recognized industrial company. ", "Merging with PMC also positions Regal Rexnord to better fulfill our business purpose creating a better tomorrow by energy-efficiently converting power into motion. This may not be consistent with full year annual report figures. The service requires full JavaScript support in order to view this website. You have no products selected for comparison. The combined power transmission, automation and powertrain capabilities of the new Regal Rexnord offer customers a significantly enhanced value proposition across a wider range of end markets many with highly attractive secular growth tailwinds. It is always good to see at least some insider ownership, but it might be worth checking if those insiders have been selling. Simply Wall St has no position in any stocks mentioned. What are the Porters Five Forces of Regal Rexnord Corporation (RRX). "Adjusted EBITDA margin" is defined as Adjusted EBITDA as a percentage of net sales. If you're new to stock investing, here's how to buy Regal Rexnord stock . Following the acquisition of Altra, and commencing with its 1Q 2023 earnings release, Regal Rexnord will report under four operating segments: Industrial Powertrain Solutions, Power Efficiency Solutions, Automation & Motion Control and Industrial Systems. Actions to realize the synergies are expected to be completed by year four. Please resubmit using a valid attachment type. 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. A Regal representative will contact you if this occurs. The company operates over 100 manufacturing facilities in more than 25 countries. 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 net income attributable to Regal Rexnord (or free cash flow conversion). Please try again. 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. Forward-looking statements include statements that are not historical facts and can be identified by forward-looking words such as "anticipate," "believe," "confident," "estimate," "expect," "intend," "plan," "target," "may," "will," "project," "forecast," "would," "could," "should," and similar expressions. Some of the documents are missing. Industrial Systems (~8%) is expected to consist of its current operations, excluding the Thomson business. To re-add, click the star icon again. Every company has them, and we've spotted 1 warning sign for Regal Rexnord you should know about. 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. The company is comprised of four business segments: Commercial Systems, Industrial Systems, Climate Solutions and Motion Control . Enable sizable margin gains:Regal Rexnord sees a path to an adjusted gross margin of approximately 40% in 2025, up from 33% in 2022 for legacy Regal Rexnord and compared to its prior expectation of reaching a 37% adjusted gross margin by 2025. A deeper look at our ownership data shows that the top 25 shareholders collectively hold less than half of the register, suggesting a large group of small holders where no single shareholder has a majority. The amount of the Regal Special Cash Dividend is approximately $284 million in the aggregate. You do not have permission to access this page. Please review. Please check your email for information to login again. Overview. Regal Rexnord is a pretty big company. 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. While it is well worth considering the different groups that own a company, there are other factors that are even more important. Altra's Power Transmission Technologies business significantly 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. From training and installation, to spare parts you can count on us. The service requires full cookie support in order to view this website. In the mid 1800s, land ownership was a disputed subject. However, on some occasions too much power is concentrated within this group. Your request has been submitted successfully. For more information, visit RegalRexnord.com. Regal Rexnord is headquartered in Beloit, Wisconsin and has manufacturing, sales, and service facilities worldwide. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. When such a trade goes wrong, multiple parties may compete to sell stock fast. These forward-looking statements are based upon information currently available to Regal Rexnord and are subject to a number of risks, uncertainties, and other factors that could cause actual results, performance, prospects or opportunities to differ materially from those expressed in, or implied by, these forward-looking statements. Please enter Quote Estimated Annual Quantity. The company has manufacturing, sales, and service facilities throughout the United States, Canada, Mexico, Europe and Asia, with about 29,000 employees. ", " Please enter a valid format for your phone number. 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. Transaction SummaryRegal Rexnord acquired 100% of the issued and outstanding shares of Altra common stock in an all cash transaction for $62.00 per share. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. Please enable cookies on your browser and try again. Choosing a selection results in a full page refresh. The full name is Return of Owners of Land of One Acre and Upwards, in the Several Counties, Counties of Cities, and Counties of Towns in Ireland.. Regal Rexnord Corporation (RRX) DCF Excel Template, Your email address will not be published. The segment will be led by Scott Brown, Executive Vice President and President, Power Efficiency Solutions. Please log in. In the 1990s, Regal Rexnord took advantage of the economic growth of Asia by opening several manufacturing facilities in the region, which now includes factories in China, Japan, and Singapore. You can see Regal Rexnord's historic earnings and revenue below, but keep in mind there's always more to the story. Land Registry title identifies land by reference to Ordnance Survey maps. Rexnord does business in two areas: power transmission, which produces gears, couplings, industrial and aerospace bearings and seals, backstops (to prevent mechanical systems from reversing if. Strengthen free cash flow:The pro forma enterprise is expected to generate substantial free cash flow, which in the coming years should support a strong pace of debt reduction. The new operating segments are: Industrial Powertrain Solutions (IPS), Power Efficiency Solutions (PES), Automation & Motion Control (AMC) and Industrial Systems. For certain forward-looking non-GAAP measures (as used in this press release, adjusted EBITDA, adjusted EBITDA margin, adjusted gross margin, net debt, free cash flow and free cash flow conversion), Regal Rexnord is unable to provide a reconciliation to the most comparable GAAP financial measure because the information needed to reconcile these measures is dependent upon future events, many of which are outside of management's control as described above. 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. (a)Purpose.The purpose of the Regal Rexnord Corporation 2018 Equity Incentive Plan (formerly, the Regal Beloit Corporation 2018 Equity Incentive Plan) is to promote the best interests of Regal Rexnord Corporation (formerly Regal Beloit Corporation, and together with any successor thereto, the "Company") and its shareholders by providing key employees and consultants of the Company and its . "Organic sales" to refers to GAAP sales from existing operations excluding any sales from acquired businesses recorded prior to the first anniversary of the acquisition and excluding any sales from business divested/to be exited recorded prior to the first anniversary of the exit and excluding the impact of foreign currency translation. The Regal Rexnord Corporation (RRX) is a diversified industrial company that operates across several industries such as aerospace, process, and motion control. 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 . Machine Upgrade Kits and retrofits for all manufacturer's machines. RRX employs over 8,000 individuals across the world. When multiple institutions own a stock, there's always a risk that they are in a 'crowded trade'. ", Pinkham went on to say, "I am highly confident that our well-aligned cultures and firmly-held shared values, hallmarks of both organizations, will lead to great success. In this press release, we disclose the following non-GAAP financial measures: adjusted EBITDA, and adjusted EBITDA margin. Vanguard Group, Inc. is the largest shareholder of RRX, owning about 14.4% of the outstanding shares. Any work on the current page will be lost. The final exchange ratio for the transaction is 0.22296103 shares of Regal common stock for each share of Land common stock (subject to the receipt of cash in lieu of fractional shares). Non-GAAP Measures (Unaudited)(Dollars in Millions, Except per Share Data). Includes Altra acquisition-related financing costs and incremental net interest expense on new debt in connection with the acquisition. www.contractingbusiness.com is using a security service for protection against online attacks. The surname has three separate origins in Ireland from as far back as the 6th and 7th centuries. Forward-looking non-GAAP measures are estimated consistent with the relevant definitions and assumptions. Our data suggests that insiders own under 1% of Regal Rexnord Corporation in their own names. About The company's products are used in various industries such as food and beverage, mining, aerospace, and construction. Consider risks, for instance. The Regal Rexnord leadership team is committed to driving the company forward. The account you are currently on does not have access to purchase this product. Please remove other favorite(s) to add this page. 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. The company's largest shareholder is The Vanguard Group, Inc., with ownership of 5.8%. Regal Rexnord (RRX) Loop Capital Markets analyst Chris Dankert reiterated a Buy rating on Regal Rexnord today and set a price target of $185.00 . At Regal Rexnord Corporation (RRX), our mission is to deliver exceptional value to our customers by providing them with innovative and reliable solutions that meet their needs and exceed their expectations. We are focused on continuously improving our products, services, and operations to deliver the highest level of quality to our customers. Valuable Resources. Start seeing unlimited possibilities. Today, Regal Rexnord Corporation announced that it has completed the merger of Regal Beloit Corporation with Rexnord Corporation's Process & Motion Control Business ("PMC") closing the deal that was signed on February 15, 2021. This merger strengthened the company's portfolio and enabled a powerful presence in industrial powertrains. The following item(s) have been added to your cart: {0}, Request of quotes should allow items in same segment.
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