Highest-materiality recent filing
Regal Rexnord Q1 EPS $0.96; orders up 8.5%; appoints Aamir Paul as CEO
Q1 sales $1,479.1M (+4.3% YoY); GAAP diluted EPS $0.96 (+11.6%); adj. diluted EPS $2.17 (+0.9%).
Regal Rexnord names Aamir Paul as next CEO, effective no later than July 1, 2026
Paul, currently Schneider Electric North America president, succeeds Louis Pinkham as CEO no later than July 1, 2026.
Regal Rexnord CEO Pinkham extends tenure to June 30, 2026 for successor search
CEO search committee identified several highly qualified candidates; progress strong.
Regal Rexnord Q4 sales up 4.3%; data center orders of ~$735M; FY2026 adj. EPS guidance $10.20-$11.00
Q4 sales $1,523.2M (+4.3% YoY); organic +2.9%; GAAP net income $63.8M vs $42.0M.
Regal Rexnord CEO Louis Pinkham to step down by March 2026; board starts search
CEO Louis Pinkham will separate from role upon earlier of March 31, 2026 or appointment of successor; will serve as advisor until then.
Regal Rexnord Q3 adj EPS $2.51, sales $1.50B; data center orders $135M; FY guidance lowered
Diluted EPS $1.20 (+10.1% YoY); adjusted diluted EPS $2.51 (+0.8% YoY); net income $80M vs $73M.
Regal Rexnord Q2 adjusted EPS $2.48 (+8.3% YoY); narrows FY guidance
Diluted EPS $1.19, adjusted EPS $2.48 (+8.3% YoY); sales $1,496.1M (-3.3% YoY, -1.2% organic).
GAAP diluted EPS $0.86; adjusted diluted EPS $2.15, up 7.5% vs PY and 10% ex-Industrial Systems.
Regal Rexnord Q4 adjusted EPS $2.34 up 2.6%, revenue down 1.4% organic; introduces 2025 guidance
GAAP diluted EPS $0.62; adjusted diluted EPS $2.34 (up 2.6% YoY). Revenue $1.46B, organic down 1.4%.
Regal Rexnord reports Q3 adjusted EPS up 18.6% but cuts full-year guidance on weak demand
GAAP EPS $1.09; adjusted EPS $2.49, up 18.6% YoY. Sales $1,477.4M, down 10.4% overall, organic -2.7%.
GAAP diluted EPS $0.94, adjusted diluted EPS $2.29; revenue $1,547.6M down 12.5% YoY.
Regal Rexnord Q1 Adj EPS $2.00, revenue $1.55B, closes Industrial Systems sale, updates FY guidance
GAAP Diluted EPS $0.30, Adjusted Diluted EPS $2.00; revenue $1,547.7M (up 26.4% YoY, down 7.5% pro forma organic).
Thomas Valentyn retired as EVP and Corp Sec after annual meeting; will serve advisory role until July 12, 2024.
Regal Rexnord Q4 adjusted EPS $2.28, organic sales -6.9%; 2024 adj EPS guide $9.75-$10.55
Q4 GAAP diluted EPS $0.84, adjusted diluted EPS $2.28; reported sales +29.2%, pro forma organic -6.9%.
Regal Rexnord Q3 adj EPS $2.10, cuts FY adjusted EPS to $9.05-$9.25, sells motors biz for $400M
GAAP diluted EPS -$2.10 (incl. $173.7M impairment); adjusted diluted EPS $2.10.
Regal Rexnord files 8-K with pro forma financials for Altra acquisition
Disclosed pro forma net sales of $1,768.6M for Q2 2023, with adjusted EBITDA margin of 21.5%
Regal Rexnord Q2 adj EPS $2.56 beats; raises FY free cash flow to >$650M
Adjusted EBITDA $379.7M, up 34% YoY; margin expanded 50bps to 21.5%.
Regal Rexnord completes Altra acquisition, reveals pro forma Q1 2023 net loss of $29M
Acquired Altra for $62.00/share cash; transaction closed March 27, 2023.
Regal Rexnord Q1 GAAP EPS ($0.09), adj. EPS $2.22; closes Altra deal, updates guidance
Closed Altra acquisition; expects $160M in cost synergies; results in line with expectations.
Regal Rexnord completes $4.95B acquisition of Altra; sees $160M annual synergies by year four
Acquired Altra for $62.00/share cash, total enterprise value ~$4.95B including $837M net debt assumed.
Regal Rexnord and Altra receive all regulatory approvals; merger closing expected March 27
All required regulatory approvals obtained for Regal Rexnord's acquisition of Altra (NYSE: RRX / Nasdaq: AIMC).
Regal Rexnord completes consent solicitation for $361M of 6.125% Senior Notes due 2026
Received tenders and consents from holders of $361,122,000 (94.12% of outstanding 6.125% Senior Notes due 2026).
Regal Rexnord Q4 GAAP EPS $1.53 vs ($0.05) YoY; adj EPS $2.64; sales up 2%
Q4 GAAP net income $102.7M vs ($1.9M) YoY; adjusted diluted EPS $2.64 vs $2.16.
Regal Rexnord closes $4.7B senior notes offering to fund Altra acquisition
Issued $4.7B in senior notes: $1.1B 6.05% 2026, $1.25B 6.05% 2028, $1.1B 6.30% 2030, $1.25B 6.40% 2033.
Regal Rexnord updates pro forma financials for Altra acquisition; FY2021 net loss $192.6M
Altra acquisition consideration: $62.00 per share in cash, ~$5.5B bridge loan facility.
Regal Rexnord prices $4.7B senior notes offering to fund Altra acquisition
Priced $4.7B in senior unsecured notes: $1.1B at 6.05% (2026), $1.25B at 6.05% (2028), $1.1B at 6.30% (2030), $1.25B at 6.40% (2033).
Regal Rexnord launches $4.16B notes offering to fund Altra acquisition; targets $160M cost synergies
Offering of $4.16B aggregate principal senior unsecured notes launched Jan 5, 2023, plus $0.84B Term A-1 upsize.
Regal Rexnord amends $500M note agreement to permit Altra merger; adjusts covenants
First Amendment to Note Purchase Agreement for $500M 3.90% senior notes due April 7, 2032.
Regal Rexnord secures $240M incremental term loans and $70M revolver increase for Altra acquisition
Incremental term loan commitments of $240M established; revolver increased by $70M to $1.57B.
Completed $1.1B in credit commitments: $600M incremental term loan and $500M revolver upsizing for Altra acquisition.
Regal Rexnord Q3 adj. EPS $2.66, raises FY adj. EPS guidance to $10.35-$10.75
GAAP diluted EPS $1.80; adjusted EPS $2.66 vs $2.88 PY; sales up 48% reported, 8% organic.
Mark Klossner, who will begin to serve as Executive Vice President & President, Industrial Powertrain Solutions, effective June 1, 2026
Jerry Morton, Executive Vice President & President, Industrial Powertrain Solutions, informed Regal Rexnord Corporation (the "Company") of his intention to retire from the Company, effective after the close of business on December 31, 2026
Ms. Anesa T. Chaibi, director since 2014, informed the Board of her decision to retire from the Board, effective February 17, 2025
the Board of Directors (the “Board”) of Regal Rexnord Corporation (the “Company”) elected each of Rashida A. Hodge and Gerben W. Bakker to serve on the Board, effective February 17, 2025, as a director
the Board of Directors (the “Board”) of Regal Rexnord Corporation (the “Company”) elected each of Rashida A. Hodge and Gerben W. Bakker to serve on the Board, effective February 17, 2025, as a director
Thomas E. Valentyn’s role as an executive officer of the Company and the Company Secretary concluded, consistent with his previously announced retirement plans.
The Company’s Board of Directors (the “Board”) has appointed Hugo Dubovoy, Jr. to serve as Executive Vice President, General Counsel and Corporate Secretary.
On January 10, 2024, Thomas E. Valentyn, Executive Vice President, General Counsel and Secretary of Regal Rexnord Corporation (the “Company”), provided notice of his intent to retire from his employment with the Company during the first half of 2024.
On December 22, 2022, the board of directors (the “Board”) of Regal Rexnord Corporation (the “Company) elected Mr. Michael P. Doss to serve on the Board, effective immediately, as a director with an initial term continuing until the Company’s 2023 annual meeting of shareholders.
On October 28, 2022, the board of directors of Regal Rexnord Corporation (the “Company”) appointed Alexander P. Scarpelli, the Company’s Vice President, Corporate Controller, to succeed Robert J. Rehard, the Company’s Vice President and Chief Financial Officer, as the Company’s principal accounting officer.
On October 28, 2022, the board of directors of Regal Rexnord Corporation (the “Company”) appointed Alexander P. Scarpelli, the Company’s Vice President, Corporate Controller, to succeed Robert J. Rehard, the Company’s Vice President and Chief Financial Officer, as the Company’s principal accounting officer.
Audwin “Audey” Cash will become interim President of Climate Solutions.
Max materiality 0.90 · Median 0.68 · Most common event earnings