Company Overview of Regal Beloit Corporation
Regal Beloit Corporation, together with its subsidiaries, designs, manufactures, and sells electric motors and controls, electric generators and controls, and power transmission products in the United States and internationally. Its Commercial and Industrial Systems segment provides AC and DC motors, and controls; and starters, contactors, relays, variable frequency drives and motors, artificial lift system pumping equipment, and integrated solutions of components. This segment also offers precision stator and rotor kits; hazardous duty motors; electric generators; and automatic transfer switches, power generation and distribution switch gears, and components and system controls. Its product...
200 State Street
Beloit, WI 53511
Founded in 1955
Key Executives for Regal Beloit Corporation
Chairman of The Board and Chief Executive Officer
Total Annual Compensation: $925.0K
Chief Financial Officer and Vice President
Total Annual Compensation: $472.5K
Chief Operating Officer
Total Annual Compensation: $571.3K
Vice President, General Counsel and Secretary
Total Annual Compensation: $392.5K
Vice President of Corporate Human Resources
Total Annual Compensation: $342.5K
Compensation as of Fiscal Year 2014.
Regal Beloit Corporation Key Developments
Regal Beloit Corporation Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended October 03, 2015; Provides Financial Guidance for the Full Year of 2015
Nov 9 15
Regal Beloit Corporation reported unaudited consolidated earnings results for the third quarter and nine months ended October 03, 2015. For the quarter, the company’s net sales were $882.3 million compared to $829.8 million a year ago. Income from operations was $100.1 million compared to $74.7 million a year ago. Interest income was $1.0 million compared to $2.0 million a year ago. Income before taxes was $86.0 million compared to $66.9 million a year ago. Net income attributable to the company was $63.4 million or $1.41 assuming dilution per share compared to $47.5 million or $1.05 assuming dilution per share a year ago. Net cash provided by operating activities was $131.5 million against $81.8 million a year ago. Additions to property, plant, and equipment were $20.7 million against $17.6 million a year ago. Adjusted diluted earnings per share were $1.43 against $1.15 a year ago. Free cash flow was $110.8 million compared to $64.2 million a year ago. Adjusted income from operations was $80.8 million.
For the nine months, the company’s net sales were $2,736.2 million compared to $2,481.4 million a year ago. Income from operations was $266.9 million compared to $232.1 million a year ago. Interest income was $3.1 million compared to $5.4 million a year ago. Income before taxes was $224.9 million compared to $207.0 million a year ago. Net income attributable to the company was $162.6 million or $3.61 diluted earnings per share compared to $147.5 million or $3.25 diluted earnings per share a year ago. Net cash provided by operating activities was $267.2 million against $227.1 million a year ago. Additions to property, plant, and equipment were $65.4 million against $60.5 million a year ago. Adjusted diluted earnings per share were $4.17 against $3.48 a year ago. Free cash flow was $201.8 million compared to $166.6 million a year ago. Adjusted income from operations was $247.1 million.
The company expects 2015 adjusted diluted earnings per share to be in the range of $5.25 to $5.35, representing a 22% to 24% increase over the prior year. The company expects earnings per share of $4.59 to $4.69.
Regal Beloit Corporation Announces Quarterly Dividend, Payable on January 15, 2016
Oct 30 15
Mark J. Gliebe, Chairman and Chief Executive Officer of Regal Beloit Corporation announced that the Board of Directors, at its regular quarterly meeting held on October 30, 2015, declared a dividend of $0.23 per share. The dividend is payable on January 15, 2016 to shareholders of record at the close of business on December 31, 2015.
Regal Beloit Corporation to Report Q3, 2015 Results on Nov 09, 2015
Oct 19 15
Regal Beloit Corporation announced that they will report Q3, 2015 results on Nov 09, 2015
Similar Private Companies By Industry
Recent Private Companies Transactions