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Regal Rexnord Q1 2023 Earnings Report

Regal Rexnord logo
$155.96 -0.06 (-0.04%)
(As of 12/20/2024 05:31 PM ET)

Regal Rexnord EPS Results

Actual EPS
$2.22
Consensus EPS
$2.20
Beat/Miss
Beat by +$0.02
One Year Ago EPS
N/A

Regal Rexnord Revenue Results

Actual Revenue
$1.22 billion
Expected Revenue
$1.24 billion
Beat/Miss
Missed by -$18.73 million
YoY Revenue Growth
N/A

Regal Rexnord Announcement Details

Quarter
Q1 2023
Time
N/A

Conference Call Resources

Conference Call Audio

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Regal Rexnord Earnings Headlines

Regal Rexnord initiated with a Buy at Jefferies
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About Regal Rexnord

Regal Rexnord (NYSE:RRX) manufactures and sells industrial powertrain solutions, power transmission components, electric motors and electronic controls, air moving products, and specialty electrical components and systems worldwide. The Industrial Powertrain Solutions segment provides mounted and unmounted bearings, couplings, mechanical power transmission drives and components, gearboxes, gear motors, clutches, brakes, special, and industrial powertrain components and solutions for food and beverage, bulk material handling, eCommerce/warehouse distribution, energy, mining, marine, agricultural machinery, turf and garden, and general industrial markets. The Power Efficiency Solutions segment offers AC and DC motors, electronic variable speed controls, and blowers for residential, commercial HVAC, water heaters, commercial refrigeration, commercial building ventilation, pool and spa, irrigation, agriculture, conveying, and general commercial equipment markets. The Automation and Motion Control segment provides conveyor products, conveying automation subsystems, aerospace components, rotary precision motion solutions, high-efficiency miniature motors, motion controls, automation transfer switches, and switchgear for industrial applications and automation systems for material handling, aerospace and defense, factory automation, data centers, medical device, packaging, printing, semiconductor, robotic, industrial power tool, mobile off-highway, food and beverage processing, and other applications. The Industrial Systems segment offers integral motors, alternators, and aftermarket parts and kits for agriculture, marine, mining, oil and gas, food and beverage, data centers, prime and standby power, and general industrial equipment markets. It sells its products directly to original equipment manufacturers, distributors, and end-users. The company was formerly known as Regal Beloit Corporation. The company was founded in 1955 and is based in Milwaukee, Wisconsin.

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