Regal-Beloit (RBC) Tops Q4 EPS by 2c, Offers FY Guidance

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Go back to Regal-Beloit (RBC) Tops Q4 EPS by 2c, Offers FY Guidance

Regal Beloit Corporation Announces Fourth Quarter 2019 Financial Results

February 3, 2020 5:18 PM EST

BELOIT, Wis., Feb. 3, 2020 /PRNewswire/ -- Regal Beloit Corporation (NYSE: RBC), a global leader in the engineering and manufacturing of high-efficiency electric motors and power transmission products, reported fourth quarter 2019 diluted earnings per share of $0.89. Fourth quarter 2019 adjusted diluted earnings per share* were $1.25. Full year 2019 diluted earnings per share were $5.66. Full year 2019 adjusted diluted earnings per share were $5.49.

Key financial results for the fourth quarter 2019 included:

Total net sales of $738.2 million decreased 16.3% from the prior year and included a negative 0.5% impact from foreign currency and a... More