Regal-Beloit (RBC) Tops Q1 EPS by 5c
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Regal Beloit Corporation Announces First Quarter 2015 Financial Results
May 11, 2015 7:00 AM EDTBELOIT, Wis., May 11, 2015 /PRNewswire/ -- Regal Beloit Corporation (NYSE: RBC) today reported a first quarter 2015 diluted earnings per share of $0.81. First quarter 2015 adjusted diluted earnings per share* were $1.21.
Key highlights for the first quarter 2015 financial results versus the prior year first quarter include:
Total net sales grew 14% to $912 million driven by organic growth of 1%, net acquisition growth of 16% and a decline due to foreign currency translation of 3%. Adjusted operating profit of $89 million represented an adjusted operating profit margin of 9.8%, an increase of 40 basis points from... More