Regal-Beloit (RBC) Tops Q3 EPS by 6c

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Go back to Regal-Beloit (RBC) Tops Q3 EPS by 6c

Regal Beloit Corporation Announces Third Quarter 2018 Financial Results

November 5, 2018 7:00 AM EST

BELOIT, Wis., Nov. 5, 2018 /PRNewswire/ -- Regal Beloit Corporation (NYSE: RBC) today reported third quarter 2018 diluted earnings per share of $1.17, down 16% from the prior year.  Third quarter 2018 adjusted diluted earnings per share* were $1.67, up 23% from the prior year.

Key financial results for the third quarter 2018 included:

Total net sales of $925.4 million increased 8.0% from the prior year and included a negative 0.9% impact from foreign currency, a negative 0.4% impact from the business to be exited**, and a positive 4.1% impact from acquisitions, net of divestitures. The result was a positive... More