MILWAUKEE, Nov. 6, 2023
/PRNewswire/ -- Regal Rexnord Corporation (NYSE: RRX)
announced today that its CEO, Louis
Pinkham, will present at the 2023 Baird Global Industrial
Conference in Chicago, IL, on
November 8, 2023, at 1:45 PM CT.
To listen to the live audio and view the presentation during the
call, please visit Regal Rexnord's Investor website:
https://investors.regalrexnord.com.
About Regal Rexnord
Regal Rexnord Corporation is a
global leader in the engineering and manufacturing of factory
automation sub-systems, industrial powertrain solutions, automation
and mechanical power transmission components, electric motors and
electronic controls, air moving products, and specialty electrical
components and systems.
Through longstanding technology leadership and an intentional
focus on producing more socially conscious and
environmentally-friendly products and sub-systems, the Company is
regularly addressing increasingly relevant secular demands of
customers in the medical, alternative energy, aerospace, food &
beverage, general industrial and warehouse/intralogistics end
markets, among others. In short, Regal Rexnord's 36,000 associates
around the world are proud to be working each day towards
fulfilling the Company's purpose – helping create a better tomorrow
– for its customers and for the planet.
Regal Rexnord is comprised of four operating segments:
Automation & Motion Control, Industrial Powertrain Solutions,
Power Efficiency Solutions and Industrial Systems. Regal Rexnord is
headquartered in Milwaukee,
Wisconsin and has manufacturing, sales and service
facilities worldwide. For more information, visit
RegalRexnord.com.
Forward Looking Statements
This release contains forward-looking statements, within the
meaning of Section 21E of the Securities Exchange Act of 1934, as
amended, which reflect Regal Rexnord's current estimates,
expectations and projections about Regal Rexnord's future results,
performance, prospects and opportunities. Such forward-looking
statements may include, among other things, statements about the
acquisition of Altra Industrial Motion Corp. ("Altra"), the
benefits and synergies of the acquisition of Altra (the "Altra
Transaction"), future opportunities for Regal Rexnord and any other
statements regarding Regal Rexnord's future operations, anticipated
economic activity, business levels, credit ratings, future
earnings, planned activities, anticipated growth, market
opportunities, strategies, competition and other expectations and
estimates for future periods. Forward-looking statements
include statements that are not historical facts and can be
identified by forward-looking words such as "anticipate,"
"believe," "confident," "estimate," "expect," "intend," "plan,"
"may," "will," "project," "forecast," "would," "could," "should,"
and similar expressions. These forward-looking statements are based
upon information currently available to Regal Rexnord and are
subject to a number of risks, uncertainties, and other factors that
could cause Regal Rexnord's performance, prospects or opportunities
to differ materially from those expressed in, or implied by, these
forward-looking statements. Important factors that could cause
Regal Rexnord's actual results to differ materially from the
results referred to in the forward-looking statements Regal Rexnord
makes in this release include: Regal Rexnord's substantial
indebtedness as a result of the Altra Transaction and the effects
of such indebtedness on Regal Rexnord's financial flexibility;
after the Altra Transaction; Regal Rexnord's ability to achieve its
objectives on reducing its indebtedness on the desired timeline;
dependence on key suppliers and the potential effects of supply
disruptions; fluctuations in commodity prices and raw material
costs; any unforeseen changes to or the effects on liabilities,
future capital expenditures, revenue, expenses, synergies,
indebtedness, financial condition, losses and future prospects; the
possibility that Regal Rexnord may be unable to achieve expected
benefits, synergies and operating efficiencies in connection with
the Altra Transaction, and the merger with the Rexnord Process
& Motion Control business (the "Rexnord PMC business") within
the expected time-frames or at all and to successfully integrate
Altra and the Rexnord PMC business; expected or targeted future
financial and operating performance and results; operating costs,
customer loss and business disruption (including, without
limitation, difficulties in maintaining relationships with
employees, customers, clients or suppliers) being greater than
expected following the Altra Transaction or our merger with the
Rexnord PMC business; Regal Rexnord's ability to retain key
executives and employees; the continued financial and operational
impacts of and uncertainties relating to the COVID-19 pandemic on
customers and suppliers and the geographies in which they operate;
uncertainties regarding the ability to execute restructuring plans
within expected costs and timing; challenges to the tax treatment
that was elected with respect to the merger with the Rexnord PMC
business and related transactions; requirements to abide by
potentially significant restrictions with respect to the tax
treatment of the merger with the Rexnord PMC business which could
limit Regal Rexnord's ability to undertake certain corporate
actions that otherwise could be advantageous; actions taken by
competitors and their ability to effectively compete in the
increasingly competitive global electric motor, drives and
controls, power generation and power transmission industries; the
ability to develop new products based on technological innovation,
such as the Internet of Things, and marketplace acceptance of new
and existing products, including products related to technology not
yet adopted or utilized in geographic locations in which Regal
Rexnord does business; dependence on significant customers;
seasonal impact on sales of products into HVAC systems and other
residential applications; risks associated with climate change and
uncertainty regarding our ability to deliver on our climate
commitments and/or to meet related investor, customer and other
third party expectations relating to our sustainability efforts;
risks associated with global manufacturing, including risks
associated with public health crises and political, societal or
economic instability, including instability caused by the conflict
between Russia and Ukraine; issues and costs arising from the
integration of acquired companies and businesses and the timing and
impact of purchase accounting adjustments; prolonged declines in
one or more markets, such as heating, ventilation, air
conditioning, refrigeration, power generation, oil and gas, unit
material handling, water heating and aerospace; economic changes in
global markets, such as reduced demand for products, currency
exchange rates, inflation rates, interest rates, banking crises,
recession, government policies, including policy changes affecting
taxation, trade, tariffs, immigration, customs, border actions and
the like, and other external factors that Regal Rexnord cannot
control; product liability, asbestos and other litigation, or
claims by end users, government agencies or others that products or
customers' applications failed to perform as anticipated,
particularly in high volume applications or where such failures are
alleged to be the cause of property or casualty
claims; unanticipated liabilities of acquired businesses;
unanticipated adverse effects or liabilities from business exits or
divestitures, including in connection with our proposed sale of the
industrial motors and generators businesses that comprise a
majority of our Industrial Systems operating segment; Regal
Rexnord's ability to identify and execute on future M&A
opportunities, including significant M&A transactions; the
impact of any such M&A transactions on Regal Rexnord's results,
operations and financial condition, including the impact from costs
to execute and finance any such transactions; unanticipated costs
or expenses that may be incurred related to product warranty
issues; infringement of intellectual property by third parties,
challenges to intellectual property, and claims of infringement on
third party technologies; effects on earnings of any significant
impairment of goodwill; losses from failures, breaches, attacks or
disclosures involving information technology infrastructure and
data; costs and unanticipated liabilities arising from rapidly
evolving data privacy laws and regulations; cyclical downturns
affecting the global market for capital goods; and other risks and
uncertainties including, but not limited, to those described in
Regal Rexnord's Annual Report on Form 10-K on file with the
Securities and Exchange Commission (the "SEC") and from time to
time in other filed reports including Regal Rexnord's Quarterly
Reports on Form 10-Q. For a more detailed description of the risk
factors associated with Regal Rexnord, please refer to Part I, Item
1A - Risk Factors in Regal Rexnord's Annual Report on Form 10-K for
the fiscal year ended December 31,
2022 on file with the SEC and subsequent SEC filings.
Shareholders, potential investors, and other readers are urged to
consider these factors in evaluating the forward-looking statements
and are cautioned not to place undue reliance on such
forward-looking statements. The forward-looking statements included
in this release are made only as of the date of this release and
Regal Rexnord undertakes no obligation to update any
forward-looking information contained in this release or with
respect to the announcements described herein to reflect subsequent
events or circumstances.
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SOURCE Regal Rexnord Corporation
