NYSE:RRXElectrical
Is Regal Rexnord’s CEO Transition and Trimmed Guidance Reshaping the Investment Case for RRX?
In recent days, Regal Rexnord Corporation announced the commencement of a CEO search as part of its succession planning, alongside third quarter results showing sales of US$1.50 billion and net income of US$79.6 million, as well as a narrowing and reduction in its full-year earnings guidance.
Outgoing CEO Louis Pinkham's tenure saw Regal Rexnord's enterprise value increase from about US$4.5 billion to US$15 billion and total shareholder return nearly double, highlighting the impact...