Regal Rexnord Corp is a leading provider of precision motion control and power transmission solutions
The company designs and manufactures a wide range of engineered components that aid in the efficient movement of machinery across various industries, including industrial, commercial, and consumer applications. Regal Rexnord focuses on innovation and sustainability, offering advanced technologies that enhance productivity and reduce energy consumption for its customers. With a commitment to quality and performance, the company serves a diverse global market, helping to improve operational efficiency and drive customer success through its comprehensive portfolio of products and services.
As the craze of earnings season draws to a close, here’s a look back at some of the most exciting (and some less so) results from Q3. Today, we are looking at engineered components and systems stocks, starting with Regal Rexnord (NYSERRX).
Regal Rexnord’s 20.4% return over the past six months has outpaced the S&P 500 by 6.2%, and its stock price has climbed to $172.86 per share. This run-up might have investors contemplating their next move.
Industrials products and automation company Regal Rexnord (NYSERRX). fell short of the market’s revenue expectations in Q3 CY2024, with sales falling 10.4% year on year to $1.48 billion. Its non-GAAP profit of $2.49 per share was in line with analysts’ consensus estimates.
