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Regal Rexnord (NYSE:ZWS) Corporation (NYSE:RRX), a $7.14 billion industrial machinery company with a solid financial health score according to InvestingPro, disclosed the outcomes of its annual shareholder meeting held on April 29, 2025, in a recent 8-K filing with the Securities and Exchange Commission. The company maintains strong liquidity with a current ratio of 2.26, indicating its ability to meet short-term obligations effectively. The meeting’s agenda included the election of directors, an advisory vote on executive compensation, and the ratification of the company’s independent auditor for the fiscal year ending December 31, 2025.
The report indicates that at the annual meeting, shareholders voted on the election of eleven directors, all of whom will serve until the 2026 annual meeting. The directors were elected with a significant majority of the votes cast. Additionally, the advisory vote on the compensation of the named executive officers, as detailed in the company’s 2025 proxy statement, was approved by shareholders. This comes as the stock has experienced a significant decline, with a -37% return over the past six months. Investors seeking deeper insights into RRX’s valuation and growth prospects can access comprehensive analysis through InvestingPro, which offers exclusive financial metrics and expert recommendations.
Furthermore, shareholders ratified the appointment of Deloitte & Touche LLP as Regal Rexnord’s independent registered public accounting firm for the year ending December 31, 2025. This decision was made with an overwhelming majority of the votes in favor.
As of the record date of March 10, 2025, there were 66,330,773 shares of the company’s common stock outstanding and eligible to vote. A total of 64,352,147 shares were represented at the meeting, either in person or by proxy, accounting for a substantial portion of the voting power. Notably, Regal Rexnord has maintained dividend payments for 53 consecutive years, demonstrating a strong commitment to shareholder returns despite trading at a relatively high P/E ratio of 36.5x.
The 8-K filing also included the company’s business address, telephone number, and other corporate details, as well as the identification of the registrant’s securities registered under Section 12(b) of the Securities Exchange Act of 1934. Regal Rexnord’s common stock, trading under the symbol RRX, is registered on the New York Stock Exchange.
This report is based on the official SEC filing and serves to inform shareholders and the public of the key decisions made at the annual meeting of Regal Rexnord Corporation.
In other recent news, Regal Rexnord Corporation reported fourth-quarter earnings that did not meet analyst expectations, with both revenue and earnings per share (EPS) falling short of consensus estimates. The company posted adjusted EPS of $2.34, missing the analyst estimate of $2.47, while revenue reached $1.46 billion, slightly below the projected $1.49 billion. Despite these results, Regal Rexnord provided an optimistic outlook for fiscal year 2025, forecasting full-year EPS between $9.60 and $10.40, exceeding the analyst consensus of $9.25 at the midpoint. In addition, Loop Capital revised its price target for Regal Rexnord shares to $200 from $220, maintaining a Buy rating. The adjustment was made due to challenges such as customer delays and foreign exchange headwinds, which impacted recent quarterly results. However, Loop Capital expressed confidence in the company’s ability to achieve its 2025 guidance, driven by interest expense management and synergy savings. The analysts also noted potential improvements in savings and product mix, particularly in discrete automation sales. These developments reflect both the challenges and opportunities facing Regal Rexnord as it navigates current market conditions.
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