Regal-Beloit (NYSE: RBC) reported Q4 EPS of $1.25, $0.02 better than the analyst estimate of $1.23. Revenue for the quarter came in at $738.2 million versus the consensus estimate of $736.31 million.

GUIDANCE:

Regal-Beloit sees FY2020 EPS of $5.65-$6.05, versus the consensus of $5.78.

• "We are providing adjusted diluted earnings per share guidance of $5.65 to $6.05, an increase of approximately 7% at the midpoint from 2019. We expect markets to continue to be challenged in the first half of the year but believe the second half should see a recovery," continued Mr. Pinkham.
• He concluded, "We are energized about our re-segmentation, executing 80/20, and driving improvement in profitability, while staying laser focused on exceeding customer needs with differentiated products, solutions, and services. I look forward to sharing more about our strategy to drive further shareholder creation at our Investor Day on March 3rd in New York City."
• The Company forecasts 2020 GAAP diluted earnings per share of $5.35 to $5.75. The difference between the GAAP diluted earnings per share guidance and the adjusted diluted earnings per share guidance relates to expected restructuring and related costs of $0.28 per share, gain on businesses divested and assets to be exited of $0.01 per share, and executive transition costs of $0.03 per share.
• For details related to all 2018 and 2019 divestitures, please see the tables in the appendix. In these tables, net sales and adjusted income from operations are provided for each segment by quarter and for the full year for ongoing business comparison purposes.

For earnings history and earnings-related data on Regal-Beloit (RBC) click here.