Regal-Beloit (RBC) Tops Q4 EPS by 6c, Guides FY16 EPS Below Consenuss
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Regal Beloit Corporation Announces Fourth Quarter and Full Year 2015 Financial Results
February 8, 2016 5:14 PM ESTBELOIT, Wis., Feb. 8, 2016 /PRNewswire/ -- Regal Beloit Corporation (NYSE: RBC) today reported fourth quarter 2015 diluted loss per share of ($0.43), including (i) a goodwill impairment of $58.1 million, net of tax, or $1.30 per share, related to China and oil & gas operations, and (ii) a $12.8 million charge, or $0.29 per share, for the wind down of its Venezuelan operations. Fourth quarter 2015 adjusted diluted earnings per share* were $1.17. Sales for the full year 2015 were a record $3.5 billion, an increase of 8% from 2014.
Key financial results for the fourth quarter 2015... More
