Regal-Beloit (RBC) Tops Q1 EPS by 12c, Updates FY EPS Guidance

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Go back to Regal-Beloit (RBC) Tops Q1 EPS by 12c, Updates FY EPS Guidance

Regal Beloit Corporation Announces First Quarter 2017 Financial Results

May 8, 2017 4:05 PM EDT

BELOIT, Wis., May 8, 2017 /PRNewswire/ --

Diluted Earnings Per Share Up 9.7% 2017 Diluted Earnings per Share Guidance Increased

Regal Beloit Corporation (NYSE: RBC) today reported first quarter 2017 diluted earnings per share of $1.02, up 9.7% from the prior year.  First quarter 2017 adjusted diluted earnings per share* were $1.07, up 12.6% from the prior year.

Key financial results for the first quarter 2017 included:

Total net sales of $813.5 million decreased 0.6% from the prior year and included a negative 0.6% foreign currency translation impact and a negative 0.6% divestiture... More