Regal Rexnord Corporation is a global leader in the engineering and manufacturing of industrial powertrain solutions, power transmission components, electric motors and electronic controls, air moving products and specialty electrical components and systems, serving customers around the world. 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. Regal Rexnord is comprised of four operating segments: Motion Control Solutions, Climate Solutions, Commercial Systems and Industrial Systems. Regal Rexnord is headquartered in Beloit, Wisconsin and has manufacturing, sales and service facilities worldwide.
Company profile
Ticker
RRX
Exchange
Website
CEO
Louis Pinkham
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
REGAL BELOIT CORP
SEC CIK
Corporate docs
Subsidiaries
Arrowhead Systems, LLC • Cambridge International, Inc. • Centa MP Shanghai Co Ltd • Centa-Antriebe Kirschey GmbH • EuroFlex Transmissions (India) Private Limited • Land Newco, Inc. • Regal Beloit America, Inc. • Regal Beloit (Wuxi) Co., Ltd. • Regal Switzerland Manufacturing GmbH • Rexnord Canada Ltd ...
IRS number
390875718
RRX stock data
Analyst ratings and price targets
Latest filings (excl ownership)
8-K
Completion of Acquisition or Disposition of Assets
27 Mar 23
S-8
Registration of securities for employees
27 Mar 23
8-K
Regal Rexnord Announces Expiration and Results of Cash Tender Offer
23 Mar 23
8-K
Regal Rexnord and Altra Announce Receipt of All Required Regulatory Approvals for Merger
23 Mar 23
8-K
Regal Rexnord Announces Extension of Tender Offer
21 Mar 23
8-K
Regal Rexnord Announces Extension of Tender Offer
20 Mar 23
ARS
2022 FY
Annual report to shareholders
16 Mar 23
DEFA14A
Additional proxy soliciting materials
16 Mar 23
DEF 14A
Definitive proxy
16 Mar 23
8-K/A
Departure of Directors or Certain Officers
15 Mar 23
Transcripts
RRX
Earnings call transcript
2022 Q4
2 Feb 23
RRX
Earnings call transcript
2022 Q3
1 Nov 22
RRX
Earnings call transcript
2022 Q2
2 Aug 22
RRX
Earnings call transcript
2022 Q1
30 Apr 22
RRX
Earnings call transcript
2021 Q4
3 Feb 22
RRX
Earnings call transcript
2021 Q2
31 Jul 21
RRX
Earnings call transcript
2021 Q1
9 May 21
RRX
Earnings call transcript
2020 Q4
18 Feb 21
RRX
Earnings call transcript
2020 Q3
1 Nov 20
RRX
Earnings call transcript
2020 Q3
1 Nov 20
Latest ownership filings
Financial summary
| Quarter (USD) | Dec 22 | Sep 22 | Jun 22 | Mar 22 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
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| Net income | |||||
| Net profit margin | |||||
| Cash on hand | |||||
| Change in cash | |||||
| Diluted EPS |
| Annual (USD) | Dec 22 | Jan 22 | Jan 21 | Dec 19 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
| Operating margin | |||||
| Net income | |||||
| Net profit margin | |||||
| Cash on hand | |||||
| Change in cash | |||||
| Diluted EPS |
| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 688.50 mm | 688.50 mm | 688.50 mm | 688.50 mm | 688.50 mm | 688.50 mm |
| Cash burn (monthly) | 11.70 mm | (no burn) | (no burn) | (no burn) | (no burn) | (no burn) |
| Cash used (since last report) | 35.33 mm | n/a | n/a | n/a | n/a | n/a |
| Cash remaining | 653.17 mm | n/a | n/a | n/a | n/a | n/a |
| Runway (months of cash) | 55.8 | n/a | n/a | n/a | n/a | n/a |
Institutional ownership, Q4 2022
98.7% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 418 |
| Opened positions | 87 |
| Closed positions | 52 |
| Increased positions | 119 |
| Reduced positions | 146 |
| 13F shares | Current |
|---|---|
| Total value | 7.77 tn |
| Total shares | 65.36 mm |
| Total puts | 183.20 k |
| Total calls | 130.70 k |
| Total put/call ratio | 1.4 |
| Largest owners | Shares | Value |
|---|---|---|
| FMR | 7.53 mm | $903.94 bn |
| Vanguard | 6.73 mm | $807.05 bn |
| Capital World Investors | 5.98 mm | $717.93 bn |
| BLK Blackrock | 5.96 mm | $715.08 bn |
| Massachusetts Financial Services | 4.00 mm | $480.45 bn |
| Alliancebernstein | 2.30 mm | $275.97 bn |
| STT State Street | 1.83 mm | $219.75 bn |
| JHG Janus Henderson | 1.61 mm | $192.96 bn |
| Dimensional Fund Advisors | 1.42 mm | $171.42 bn |
| Ubs Global Asset Management Americas | 1.27 mm | $152.17 bn |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 2 Mar 23 | Cheryl Lewis | Common Stock | Payment of exercise | Dispose F | No | No | 160.07 | 1,287 | 206.01 k | 7,179.361 |
| 2 Mar 23 | Cheryl Lewis | Common Stock | Grant | Acquire A | No | No | 0 | 3,166 | 0.00 | 8,466.361 |
| 23 Feb 23 | Alexander P Scarpelli | Common Stock | Grant | Acquire A | No | No | 0 | 357 | 0.00 | 2,329.833 |
| 23 Feb 23 | Alexander P Scarpelli | Stock Appreciation Rights Common Stock | Grant | Acquire A | No | No | 154.2 | 1,015 | 156.51 k | 1,015 |
| 23 Feb 23 | Avampato John | Common Stock | Payment of exercise | Dispose F | No | No | 154.2 | 124 | 19.12 k | 20,014.795 |
| 23 Feb 23 | Avampato John | Common Stock | Grant | Acquire A | No | No | 0 | 567 | 0.00 | 20,138.795 |
| 23 Feb 23 | Avampato John | Stock Appreciation Rights Common Stock | Grant | Acquire A | No | No | 154.2 | 1,614 | 248.88 k | 1,614 |
| 23 Feb 23 | Pinkham Louis V. | Common Stock | Payment of exercise | Dispose F | No | No | 154.2 | 2,712 | 418.19 k | 83,344.348 |
| 23 Feb 23 | Pinkham Louis V. | Common Stock | Grant | Acquire A | No | No | 0 | 10,660 | 0.00 | 86,056.348 |
| 23 Feb 23 | Pinkham Louis V. | Stock Appreciation Rights Common Stock | Grant | Acquire A | No | No | 154.2 | 30,327 | 4.68 mm | 30,327 |
News
Baird Maintains Outperform on Regal Rexnord, Raises Price Target to $184
28 Mar 23
Reported Late Wednesday March 22, Regal Rexnord And Altra Announce Receipt Of All Required Regulatory Approvals For Merger; The Closing Of The Transaction Is Expected To Occur On Or Around March 27, 2023
23 Mar 23
Oppenheimer Maintains Outperform on Regal Rexnord, Raises Price Target to $190
3 Feb 23
Keybanc Maintains Overweight on Regal Rexnord, Raises Price Target to $184
2 Feb 23
Regal Rexnord Sees FY23 Adj. EPS $10.05-$10.85 Vs $10.5 Est
1 Feb 23
Press releases
REGAL REXNORD CORPORATION COMPLETES ACQUISITION OF ALTRA INDUSTRIAL MOTION CORP.
27 Mar 23
Regal Rexnord Announces Expiration and Results of Cash Tender Offer
23 Mar 23
REGAL REXNORD AND ALTRA ANNOUNCE RECEIPT OF ALL REQUIRED REGULATORY APPROVALS FOR MERGER
22 Mar 23
Regal Rexnord and Altra Announce Receipt of All Required Regulatory Approvals for Merger
22 Mar 23
Regal Rexnord Announces Extension of Tender Offer
21 Mar 23