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. The forward-looking statements included in this release are made only as of the date of this release and Regal Rexnord undertakes no obligation to update any forward-looking information contained in this release or with respect to the announcements described herein to reflect subsequent events or circumstances. You must provide the name of a Regal Rexnord employee who can confirm your need for access to Genteq technical documents. Being so large, we would not expect insiders to own a large proportion of the stock. This additional information is not meant to be considered in isolation or as a substitute for Regal Rexnord's results of operations prepared and presented in accordance with GAAP. Please check to agree with Terms of Use and Privacy Policy. The service requires full JavaScript support in order to view this website. This product is discontinued and no longer available for sale. Some of the documents are missing. It had "$67.5 million in profit and $1.9 billion in sales" in 2016. File is not found. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. 2023, Nasdaq, Inc. All Rights Reserved. Bearings, Couplings, Gear Drives, Conveyors, & Industrial Chain | Rexnord The Regal Special Cash Dividend will be paid on October 5, 2021. Transaction SummaryUnder the terms of the transaction, Rexnord Corporation completed a spin-off of PMC by way of a pro rata dividend of all of the outstanding common stock of Rexnord's then-wholly owned subsidiary, Land Newco, Inc. ("Land"), the owner of PMC, to Rexnord stockholders as of the record date for the dividend. We can see that Regal Rexnord does have institutional investors; and they hold a good portion of the company's stock. In conclusion, Regal Rexnord Corporation uses innovative engineering and a commitment to sustainability to provide industry-leading products and solutions to its customers. www.contractingbusiness.com is using a security service for protection against online attacks. Gears. From the cupper to the palletizer, we offer a complete line of conveyance and palletizing solutions. Together, we can create even more value for our customers, our fellow associates, and our shareholders.". Link-Belt Spherical Roller Bearings - Bearings | Rexnord Altra's Automation & Specialty platform transforms our existing automation portfolio into a meaningful, global automation solutions provider. 2023 Regal Rexnord Corporation, All Rights Reserved. Regal Rexnord Corporation acquires Arrowhead Systems Inc. 2022. MERGER NEWS: Regal Beloit is Now Regal Rexnord Corporation Surrender and regrant - Wikipedia Please enable JavaScript on your browser and try again. By adhering to these core values, we believe that Regal Rexnord Corporation (RRX) can continue to be a leading provider of innovative solutions for our customers, while delivering long-term value to our stakeholders. In 2020, RRX generated over $3 billion in revenue. 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. Please check your email for information to login again. Start seeing unlimited possibilities. Get in touch with us directly. 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. We create a better tomorrow by energy-efficiently converting power into motion. Please resubmit using a valid size. For a more detailed description of the risk factors associated with Regal and Rexnord, please refer to Regal's Annual Report on Form 10-K for the fiscal year ended January 2, 2021 on file with the . Immediately following the spin-off, Regal Beloit Corporation combined with Land in a stock-for-stock merger pursuant to which Land became a wholly-owned subsidiary of Regal. The item must be ordered in multiplies of {0} pieces. Elkay's new Milwaukee-based owner decides to exit chunk of kitchen-sink Relates to costs associated with actions taken for employee reductions, facility consolidations and site closures, product line exits and other asset charges. Regal Rexnord Corporation - Investors Please review and select a warehouse for Catalog/Part Numbers: {0}. The segment will be led by Scott Brown, Executive Vice President and President, Power Efficiency Solutions. It was founded in 1891 by Christopher Levalley and incorporated in 1892 as the Chain Belt Company. The company's largest shareholder is The Vanguard Group, Inc., with ownership of 5.8%. Altra Industrial Motion - Wikipedia In 1969, the Browning Manufacturing Company was acquired by Emerson Electric Company. Our brands are better together. "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. Forward-looking non-GAAP measures are estimated consistent with the relevant definitions and assumptions. Together, we have clear lines of sight to faster growth, higher margins, stronger free cash flow and improved ROIC. Internal users can not request access for customer accounts. File too Big, please select a file less than 20mb. We have moved our corporate headquarters and re-branded our company several times since 1955. It was the name given to one of the nephews of Brian . Industrial Systems (~8%) is expected to consist of its current operations, excluding the Thomson business. Regal Rexnord Reconciliation to Adjusted EBITDA, Dec 31, About Please enter a valid quantity for item: Item must be ordered in multiples of {0} {1}. The company's largest shareholder is The Vanguard Group, Inc., with ownership of 5.8%. Regal Rexnord Powertrain Solutions Stop seeing individual parts. History of the Irish name Regan - Ireland Calling To re-add, click the star icon again. We also periodically disclose certain financial measures in our quarterly earnings releases, on investor conference calls, and in investor presentations and similar events that may be considered "non-GAAP" financial measures. We currently reside in downtown Beloit, Wisconsin. They too, get it wrong sometimes. This process is automatic. /manufacturer-part-cross-reference/comparison?ProductId=ProductIdValue. Uploaded file is not supported, File upload supports {0}. By the end of 2004, approaching our 50th year of operation, our annual sales reached $756 million. The service offering is further enhanced when including Regal Rexnord's suite of IIoT and data analytics capabilities, marketed under the PerceptivTM brand, which are supported by proprietary data from its power transmission, automation and motor components related to how they inter-operate as part of a larger sub-system. As used in this communication, we define: (i) "adjusted EBITDA" to mean: earnings before interest, taxes, depreciation, acquisition related amortization, acquisition related costs, restructuring and related costs, stock-based compensation, asset impairment and other income or charges that management does not consider to be directly related to operating performance, and (ii) "adjusted EBITDA margin" to mean: Adjusted EBITDA as a percentage of net sales. The largest shareholders of RRX are institutional investors and mutual funds, which collectively own approximately 88% of the outstanding shares of the company. Thank you for your interest in Regal Rexnord. Regal Rexnord Acquires Arrowhead Systems, Expanding Conveyor Offering Regal Rexnord is a global manufacturer of electric motors, power transmission products and more. Regal Beloit sells its drives businesses to Sun Capital - Drives and 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. Regal Rexnord Stock Ownership - Who Owns Regal Rexnord in 2023 MERGER NEWS: Regal Beloit is Now Regal Rexnord Corporation | Contracting Business Sources report that combining these two companies creates an expanded range of products to serve customers across the entire industrial powertrain. In 2021, the company continues to transform through the merger with the PMC segment of Rexnord. BELOIT, WI Regal Rexnord, a global leader in the engineering and manufacturing of industrial powertrain solutions, power transmission components, electric motors and electronic controls, and specialty electrical components and systems, announced Nov. 23 that it has completed the strategic acquisition of Arrowhead Systems, based in Oshkosh, WI. Notably, much of the pro forma business offers automation products that sit adjacent to its industrial powertrain content in many end user applications, putting Regal Rexnord in a unique position to offer customers a wider and more value-added range of services, including up-front design, performance optimization, and diagnostic support. The item must be ordered in multiples of {0} {1}. This may not be consistent with full year annual report figures. The company has a market capitalization of $9.88 billion, a price-to-earnings ratio of 40.06, a PEG ratio of 1.47 and a beta of 1.08. The following item(s) have been added to your cart: {0}, Request of quotes should allow items in same segment. Zurn gets ready to take its turn as a public company If you make a report in good faith meaning you believe the reportis true and you are not making the report to harm someone else Regal Rexnord Altra's Power Transmission Technologies business significantly About For a more detailed description of the risk factors associated with Regal Rexnord, please refer to Part I, Item 1A in the Regal Rexnord Annual Report on Form 10-K for the fiscal year ended December 31, 2022 on file with the SEC and subsequent SEC filings. In the 1960s, Rexnord began expanding globally, establishing operations in Europe and Asia. We aim to bring you long-term focused analysis driven by fundamental data. 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. Industrial Chain. Regal Rexnord ( NYSE : RRX ) is owned by 96.38% institutional shareholders, 2.33% Regal Rexnord insiders, and 1.28% retail investors. Please try again. High speed production for two piece aluminum and three piece steel cans. However, it is best to be wary of relying on the supposed validation that comes with institutional investors. There are a reasonable number of analysts covering the stock, so it might be useful to find out their aggregate view on the future. 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. Regal Rexnord is not owned by hedge funds. Brands of Regal Rexnord Corporation Regal Rexnord defines these non-GAAP financial measures as follows: Regal Rexnord believes that these non-GAAP financial measures are useful measures for providing investors with additional information regarding its results of operations and for helping investors understand and compare its operating results across accounting periods and compared to its peers. Return requests on MTO products are subject to review and not guaranteed. The Rexnord legacy business was the subject of a tax-free spinoff to Rexnord shareholders and then immediately combined with Regal Beloit (NYSE: RBC) in a so-called Reverse Morris Trust . "Adjusted gross profit" is defined as gross profit adjusted for (i) restructuring and related costs, (ii) inventory step up adjustment and (iii) gain on sale of assets. Analysts Offer Insights on Industrial Goods Companies: Sherwin-Williams Taking a look at our data on the ownership groups (below), it seems that institutions are noticeable on the share registry. The general public-- including retail investors -- own 39% stake in the company, and hence can't easily be ignored. 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. Karl Marx lived in London. The company was formed in 1955 when the Rex Chain Belt, Inc. merged with the Milwaukee-based Regal Beloit Corporation. The largest shareholders of RRX are institutional investors and mutual funds, which collectively own approximately 88% of the outstanding shares of the company. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. "Adjusted net income attributable to Regal Rexnord" is defined as Net Income Attributable to Regal Rexnord Corporation adjusted for (i) goodwill impairments, (ii) impairments and exit related costs and (iii) acquisition-related costs. Regal Rexnord Reconciliation to Adjusted Gross Margin, Altra Industrial Motion Reconciliation to Adjusted EBITDA, Plus: Acquisition-Related Amortization Expense, Plus: Customer Accommodation and Other Non-Recurring Charges, Plus: Amortization of Inventory Fair Value Adjustment, Plus: Loss on Foreign Currency and Other Net, View original content:https://www.prnewswire.com/news-releases/regal-rexnord-corporation-completes-acquisition-of-altra-industrial-motion-corp-301782041.html, Investor Relations Regal Rexnord Corporation. Regal Rexnord Corporation, also known as RRX, is headquartered in Milwaukee, Wisconsin. Written by The item requires a minimum order of {0} pieces. Belpointe Asset Management LLC now owns 208 shares of the company's stock valued at $29,000 after buying an additional 121 shares . Your request has been submitted successfully. The forward-looking statements included in this communication are made only as of the date of this communication, and Regal Rexnord and Land undertake no obligation to update any forward-looking information contained in this communication or with respect to the announcements described herein to reflect subsequent events or circumstances. NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. Please change to your {0} account to purchase. The service requires full cookie support in order to view this website. Through the manufacturing and supply of components and systems that are critical to various industries, Regal Rexnord Corporation (RRX) derives its revenue. You can see Regal Rexnord's historic earnings and revenue below, but keep in mind there's always more to the story. 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. From training and installation, to spare parts you can count on us. Associates at both Regal Rexnord and Altra prioritize and value putting safety first, acting with integrity, driving purposeful innovation, offering an excellent customer experience and embracing a continuous improvement mindset. The amount of the Regal Special Cash Dividend is approximately $284 million in the aggregate. 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. In particular, the pro forma Automation & Motion Control business, with 2022 sales of ~$1.7 billion, is anticipated to have at least 70% of its sales generated in end markets with secular growth characteristics. The Water Management segment focuses on products and solutions that address the water and wastewater treatment needs of various industries. Machine Upgrade Kits and retrofits for all manufacturer's machines. RRX prides itself on its innovation and its commitment to the environment. Please remove the discontinued item from cart to proceed to checkout. Regal Rexnord Corp ownership drivers and Regal Rexnord insiders and institutional holders Important factors that could cause Regal Rexnord's actual results to differ materially from the results referred to in the forward-looking statements Regal Rexnord makes in this release include: Regal Rexnord's substantial indebtedness and the effects of such indebtedness on its financial flexibility; Regal Rexnord's ability to achieve its objectives on reducing its indebtedness on the desired timeline; dependence on key suppliers and the potential effects of supply disruptions; fluctuations in commodity prices and raw material costs; 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 benefits, synergies and operating efficiencies in connection with the Altra acquisition and the merger with Rexnord's Process & Motion Control business (the "Rexnord PMC business") (together with the Altra acquisition, the "Transactions") within the expected time-frames or at all and to successfully integrate Altra and the Rexnord 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; challenges to the tax treatment that was elected with respect to the acquisition of the Rexnord PMC business and related transactions; requirements to abide by potentially significant restrictions with respect to the tax treatment of the Rexnord PMC business which could limit Regal Rexnord's ability to undertake certain corporate actions that otherwise could be advantageous; 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; dependence on significant customers; seasonal impact on sales of products into HVAC systems and other residential applications; risks associated with climate change and uncertainty regarding its ability to deliver on its climate commitments and/or to meet related investor, customer and other third party expectations relating to its sustainability efforts; risks associated with global manufacturing, including public health crises and political, societal or economic instability, including instability caused by the conflict between Russia and Ukraine; issues and costs arising from the integration of acquired companies and businesses and the timing and impact of purchase accounting adjustments; prolonged declines in one or more markets, such as heating, ventilation, air conditioning, refrigeration, power generation, oil and gas, unit material handling, water heating and aerospace; 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, asbestos 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, including in connection with its evaluation of strategic alternatives for the Industrial Systems operating segment; Regal Rexnord's ability to identify and execute on future M&A opportunities, including significant M&A transactions; the impact of any such M&A transactions on Regal Rexnord's results, operations and financial condition, including the impact from costs to execute and finance any such transactions; unanticipated costs or expenses that may be incurred related to product warranty issues; 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; losses from failures, breaches, attacks or disclosures involving information technology infrastructure and data; costs and unanticipated liabilities arising from rapidly evolving data privacy laws and regulations; cyclical downturns affecting the global market for capital goods; and other risks and uncertainties including, but not limited, to those described in the section entitled "Risk Factors" 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. It is always good to see at least some insider ownership, but it might be worth checking if those insiders have been selling. New Segment StructureIn conjunction with the closing, Regal Rexnord announced today that, beginning with its first quarter 2023 earnings release, it plans to establish a new segment structure for reporting purposes. Acquisitions are not the only reason we've continued to grow and be successful over the past 75 years as an equipment and conveyor manufacturer. This beneficial acquisition positioned TB Wood's as part of a larger company with complementary power transmission products to help grow its business. The PMC segment primarily deals with bearings, couplings, conveyors, gears, and other products that are used to enhance the productivity and efficiency of industrial machinery. New Frontiers In April 2007, Wood's was purchased by Altra Holdings, Inc. Please try again after some time. 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.