Free Research Report as Regal Beloit’s Quarterly Sales Advanced 8.3% and EPS Jumped 13.9%

Stock Monitor: Tennant Post Earnings Reporting

LONDON, UK / ACCESSWIRE / February 27, 2018 / Active-Investors.com has just released a free earnings report on Regal Beloit Corp. (NYSE: RBC). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=RBC. The Company reported its fourth quarter fiscal 2017 and full fiscal year 2017 operating and financial results on February 05, 2018. The maker of controls for electric motors beat revenue estimates, while its earnings were in-line with market expectations. The Company also provided guidance for FY18. Register today and get access to over 1000 Free Research Reports by joining our site below:

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Active-Investors.com is currently working on the research report for Tennant Company (NYSE: TNC), which also belongs to the Industrial Goods sector as the Company Regal Beloit. Do not miss out and become a member today for free to access this upcoming report at:

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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Regal Beloit most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

www.active-investors.com/registration-sg/?symbol=RBC

Earnings Highlights and Summary

For the fourth quarter of the fiscal year 2017, Regal Beloit’s total net sales jumped 8.3% to $820.7 million, and included a positive 1.3% foreign currency translation impact, compared to net sales of $758.1 million in Q4 2016. The Company’s revenue numbers topped analysts’ estimates of $790.3 million.

For the full fiscal year 2017, Regal Beloit reported net sales of $3.36 billion compared to $3.22 billion in FY16.

During Q4 2017, Regal Beloit’s income from operations was $78.3 million compared to $70.1 million in Q4 2016. The Company’s adjusted income from operations was $79.5 million, or 9.7% of net sales, up 20 basis points from the prior year’s same quarter.

Regal Beloit reported a net income of $51.5 million, or $1.15 per diluted share, in Q4 2017 compared to $45.6 million, or $1.01 per diluted share, in Q4 2016. The Company’s reported quarter results included the provisional impact of the US tax reform legislation, which resulted in a $1.0 million decrease in the Provision for Income Taxes and a $0.02 benefit to GAAP diluted earnings per share (EPS). Regal Beloit’s adjusted diluted EPS grew 9.6% to $1.14 in Q4 2017 versus $1.04 in the year earlier comparable quarter. The Company’s earnings numbers met Wall Street’s estimates of $1.14 per share.

For FY17, Regal Beloit reported earnings of $213.0 million, or $4.74 per diluted share, compared to $203.4 million, or $4.52 per diluted share, in FY16. The Company’s adjusted EPS totaled $4.87 in FY17 versus $4.44 in FY16.

Segment Results

During Q4 2017, Regal Beloit’s Commercial and Industrial Systems segment’s net sales advanced 10.4% to $407.7 million compared to $369.2 million in Q4 2016. The segment recorded an organic sales growth rate of 8.7% in the reported quarter, driven by broad-based global end market strength in both the OEM and distribution channels. The segment’s operating margin was 5.9% in Q4 2017. Excluding restructuring and related costs of $1.1 million and a gain on sale of assets of $0.4 million, the segment’s adjusted operating margin was 6.1% in the reported quarter.

For Q4 2017, Regal Beloit’s Climate Solutions segment’s net sales edged up 0.6% to $216.4 million compared to $215.2 million in Q4 2016. The segment’s operating margin was 14.0% in Q4 2017. Excluding restructuring and related costs of $0.5 million, the segment’s adjusted operating margin was 14.3% in the reported quarter.

Regal Beloit’s Power Transmission Solutions segment’s net sales jumped 13.2% to $196.6 million for Q4 2017 compared to $173.7 million in Q4 2016. The segment posted a positive organic sales growth rate of 11.9%, driven by increased demand in the oil & gas and renewable energy end markets, as well as in the distribution channel. The segment’s operating margin was 12.2% in Q4 2017.

Outlook

For the full fiscal year 2018, Regal Beloit is forecasting low- to mid-single digit organic sales growth, while it also expects to improve its adjusted operating margin for the third consecutive year. For FY18, the Company is estimating GAAP diluted EPS in the range of $5.19 to $5.59, and adjusted EPS in the band of $5.35 to $5.75. The difference between the GAAP diluted EPS guidance and the adjusted diluted EPS guidance relates to restructuring and related costs of $0.16 per share.

Stock Performance Snapshot

February 26, 2018 – At Monday’s closing bell, Regal Beloit’s stock advanced 1.49%, ending the trading session at $74.95.

Volume traded for the day: 171.60 thousand shares.

Stock performance in the previous six-month period – up 2.95%

After yesterday’s close, Regal Beloit’s market cap was at $3.33 billion.

Price to Earnings (P/E) ratio was at 15.73.

The stock has a dividend yield of 1.39%.

The stock is part of the Industrial Goods sector, categorized under the Diversified Machinery industry. This sector was up 1.0% at the end of the session.

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