Regal Rexnord Corporation (RRX) Announces Strategic Acquisition Of Arrowhead Systems For $297 Million
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Regal Rexnord Corporation Reports Record Third Quarter 2021 Financial Results, Announces Strategic Acquisition Of Arrowhead Systems For $297 Million
November 2, 2021 7:00 AM EDTBELOIT, Wis., Nov. 2, 2021 /PRNewswire/ --Â Regal Rexnord Corporation (NYSE: RRX)
Third Quarter Highlights
Sales Up 18% Versus PY And Up 16% On An Organic Basis Record Adjusted Operating Margin* of 14.2% Up 140 bps Versus PY And GAAP Operating Margin of 12.0% Up 10 bps Versus PY Record Adjusted Diluted EPS** Of $2.36 Up 36% Versus PY And GAAP Diluted EPS Of $1.70 Up 6% Versus PY Daily Orders Up 27% In 3Q And Up Low 20's In October Versus PY Net Cash Provided By Operating Activities of $121.5M And Free Cash... More