Regal-Beloit (RBC) Reports In-Line Q3 EPS, Guides FY15 EPS Below Consensus
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Regal Beloit Corporation Announces Third Quarter 2015 Financial Results
November 9, 2015 6:00 AM ESTBELOIT, Wis., Nov. 9, 2015 /PRNewswire/ --Â 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