Regal Rexnord Sells Industrial Motors and Generators Businesses

Regal Rexnord is selling its Industrial Motors and Generators businesses, classified as 'Industrial Systems'. The company recorded a $21.5 million loss on assets held for sale related to this transaction and is updating its 2024 outlook to reflect the closing of the sale and deployment of net proceeds to debt reduction.

“The three months ended March 31, 2024 reflects the loss on assets held for sale of $21.5 million related to the sale of the industrial motors and generators businesses.”

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