Regal-Beloit (RBC) Tops Q1 EPS by 1c, Offers FY Guidance
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Regal Beloit Corporation Announces First Quarter 2019 Financial Results
May 6, 2019 4:05 PM EDTBELOIT, Wis., May 6, 2019 /PRNewswire/ -- Regal Beloit Corporation (NYSE: RBC) reported first quarter 2019 diluted earnings per share of $1.99, up 52% from the prior year. First quarter 2019 adjusted diluted earnings per share* were $1.43, up 13% from the prior year.
Key financial results for the first quarter 2019 included:
Total net sales of $853.8 million decreased 2.8% from the prior year and included a negative 1.7% impact from foreign currency, a negative 4.0% impact from the businesses divested/to be exited, and a positive 3.9% impact from acquisitions. The result was a negative organic sales growth... More