Regal Rexnord Corp (NYSE:RRX)
$ 160.41 0.21 (0.13%) Market Cap: 10.67 Bil Enterprise Value: 16.60 Bil PE Ratio: 0 PB Ratio: 1.71 GF Score: 85/100

Regal Beloit Corp at Goldman Sachs Industrials & Materials Conference (Virtual) Transcript

May 13, 2020 / 05:50PM GMT
Release Date Price: $65.32 (-6.04%)
Joseph Alfred Ritchie
Goldman Sachs Group Inc., Research Division - VP & Lead Multi-Industry Analyst

Hi, everyone. This is Joe Ritchie, head of the U.S. multi-industry for Goldman. Very happy to have Regal Beloit with us today. We have the CFO, Rob Rehard. Rob, thanks for joining us today. Really looking forward to having this discussion with you.

Robert J. Rehard
Regal Beloit Corporation - VP & CFO

Hey, thanks, Joe, and thanks to the Goldman Sachs team as well.

Questions & Answers

Joseph Alfred Ritchie
Goldman Sachs Group Inc., Research Division - VP & Lead Multi-Industry Analyst

Yes. So Rob, maybe just kind of starting off, right, and kind of thinking about your long-term targets. You guys just set pretty ambitious 3-year targets at your Investor Day just a couple of months ago, the 303 program. You guys are looking for above market organic growth, the 250 to 300 basis points in margin expansion, call it, high single-digit to low double-digit earnings growth. It's pretty incredible that

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