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Regal Rexnord (NYSE:RRX) reported second-quarter results marked by higher orders, organic sales growth and continued momentum in data center, automation and energy-related markets, while lowering certain segment outlooks amid inflation, pricing lags and weakness in residential HVAC and pool markets.
Regal Rexnord Corp (RRX) reports robust order growth and AMC segment strength, but lowers full-year margin guidance amid inflation and mix headwinds.
A number of stocks fell in the afternoon session after the CPI report showed 4.2% annual inflation, the highest in three years, with markets fully pricing a December Fed rate hike.
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