Regal Rexnord Corporation Reports Record Third Quarter 2021 Financial Results, Announces Strategic Acquisition Of Arrowhead Systems For $297 Million
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Regal Rexnord (RRX) Tops Q3 EPS by 1c
November 2, 2021 7:30 AM EDTRegal Rexnord (NYSE: RRX) reported Q3 EPS of $2.36, $0.01 better than the analyst estimate of $2.35. Revenue for the quarter came in at $892.7 million versus the consensus estimate of $887.5 million.
GUIDANCE:
Regal Rexnord sees Q4 2021 EPS of $1.97-$2.27, versus the consensus of... More
Regal Rexnord Corporation (RRX) Announces Strategic Acquisition Of Arrowhead Systems For $297 Million
November 2, 2021 7:28 AM EDTRegal Rexnord Corporation (NYSE: RRX) is announcing today that it has entered into a definitive agreement to acquire Arrowhead Systems, a global leader in providing industrial process automation solutions, including conveyors and (de)palletizers to the food & beverage, aluminum can, and consumer staples end markets, among others. The acquisition complements Regal Rexnord's current conveying offering, which includes plastic and metal conveyor belts, table top conveyor chains, guide rails and transfer/divert stations, in addition to related motion control products and electric motors. The $297 million all-cash transaction, which is subject to customary working capital and... More
