Regal-Beloit (RBC) Tops Q2 EPS by 24c; Raises Outlook
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Regal Beloit Corporation Announces Record Second Quarter 2021 Financial Results
July 28, 2021 4:47 PM EDTBELOIT, Wis., July 28, 2021 /PRNewswire/ -- Regal Beloit Corporation (NYSE: RBC)
Second Quarter Highlights
Sales Growth Accelerates, Up 40% Versus PY and Up 37% on an Organic Basis Record Adjusted Operating Margin* of 14.0% Up 460 bps versus PY (GAAP Operating Margin 12.3%) Achieving "300-in-3"1 Margin Expansion Target Well Ahead of Schedule Record Adjusted Diluted EPS* of $2.28 Up 140% versus PY (GAAP Diluted EPS of $1.94) Daily Orders Up 57% in 2Q and Tracking up Mid-20's in July versus PY Net Debt to Adjusted EBITDA of... More