Regal-Beloit (RBC) Tops Q2 EPS by 1c; Narrows Outlook
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Regal Beloit Corporation Announces Second Quarter 2018 Financial Results
August 6, 2018 5:46 PM EDTBELOIT, Wis., Aug. 6, 2018 /PRNewswire/ -- Regal Beloit Corporation (NYSE: RBC) today reported second quarter 2018 diluted earnings per share of $1.50, up 27% from the prior year. Second quarter 2018 adjusted diluted earnings per share* were $1.60, up 24% from the prior year.
Key financial results for the second quarter 2018 included:
Total net sales of $959.7 million increased 10.4% from the prior year and included a positive 1.3% impact from foreign currency translation and a positive 3.5% impact from acquisitions, net of divestitures. The result was a positive organic sales growth rate of 5.7%. Income from... More