Regal-Beloit (RBC) Reports In-Line Q3 EPS, Guides FY15 EPS Below Consensus

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Go back to Regal-Beloit (RBC) Reports In-Line Q3 EPS, Guides FY15 EPS Below Consensus

Regal Beloit Corporation Announces Third Quarter 2015 Financial Results

November 9, 2015 6:00 AM EST

BELOIT, Wis., Nov. 9, 2015 /PRNewswire/ -- Regal Beloit Corporation (NYSE: RBC) today reported third quarter 2015 diluted earnings per share of $1.41. Third quarter 2015 adjusted diluted earnings per share* were $1.43.

Key financial highlights for the third quarter 2015 included:

Adjusted operating profit of $101.3 million represented an adjusted operating profit margin of 11.5%, an increase of 180 basis points from the prior year. Adjusted diluted earnings per share of $1.43 represented a 24% increase from the prior year. Free cash flow was 175% of net income and the Company paid down $79 million of... More