February 24, 2017 4:10 PM ET

Electrical Equipment

Company Overview of Regal Beloit Corporation

Company Overview

Regal Beloit Corporation, together with its subsidiaries, designs, manufactures, and sells electric motors, electrical motion controls, and power generation and transmission products in the United States and internationally. Its Commercial and Industrial Systems segment provides AC and DC motors, and controls; motors, electronic variable speed controls, and blowers; 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; and electric generators, automatic transfer switches, power generation and distribution switch g...

200 State Street

Beloit, WI 53511

United States

Founded in 1955

Phone:

608-364-8800

Fax:

608-364-8816

Key Executives for Regal Beloit Corporation

Chairman and Chief Executive Officer
Age: 55
Total Annual Compensation: $947.5K
Chief Financial Officer and Vice President
Age: 62
Total Annual Compensation: $486.3K
Chief Operating Officer
Age: 50
Total Annual Compensation: $586.3K
Vice President of Corporate Human Resources
Age: 60
Total Annual Compensation: $356.3K
Compensation as of Fiscal Year 2015.

Regal Beloit Corporation Key Developments

Regal Beloit Corporation Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended Dec. 31, 2016; Provides Earnings Guidance for the Year 2017

Regal Beloit Corporation reported unaudited consolidated earnings results for the fourth quarter and year ended Dec. 31, 2016. For the quarter, the company reported net sales of $758.1 million compared to $773.5 million a year ago. Income from operations was $70.1 million compared to loss from operations of $14.1 million a year ago. Income before taxes was $56.7 million compared to loss before taxes of $28 million a year ago. Net income attributable to the company was $45.6 million or $1.01 per diluted share compared to net loss attributable to the company of $19.3 million or $0.43 per diluted share a year ago. Net cash provided by operating activities was $111.2 million compared to $113.9 million a year ago. Additions to property, plant and equipment were $19.1 million compared to $26.8 million a year ago. Adjusted diluted earnings per share were $1.04 compared to $1.17 a year ago. Adjusted income from operations was $72.2 million compared to $79.5 million a year ago. Net debt as on December 31, 2016 was $1.1 billion. For the year, the company reported net sales of $3,224.5 million compared to $3,509.7 million a year ago. Income from operations was $320.6 million compared to $252.8 million a year ago. Income before taxes was $266.4 million $196.9 million a year ago. Net income attributable to the company was $203.4 million or $4.52 per diluted share compared to $143.3 million or $3.18 per diluted share a year ago. Net cash provided by operating activities was $439.6 million compared to $381.1 million a year ago. Additions to property, plant and equipment were $65.2 million compared to $92.2 million a year ago. Adjusted diluted earnings per share were $4.44 compared to $5.33 a year ago. Adjusted income from operations was $314.1 million compared to $382.3 million a year ago. For the year 2017, the company forecasts adjusted diluted earnings per share to be $4.50 to $4.90. The company forecasts 2017 GAAP diluted earnings per share of $4.35 to $4.75.

Regal Beloit Corporation Declares Quarterly Dividend, Payable on April 13, 2017

Regal Beloit Corporation announced that the Board of Directors, at its regular quarterly meeting held on January 21, 2017, declared a dividend of $0.24 per share. The dividend is payable on April 13, 2017, to shareholders of record at the close of business on March 31, 2017.

Regal Beloit Corporation to Report Q4, 2016 Results on Feb 06, 2017

Regal Beloit Corporation announced that they will report Q4, 2016 results After-Market on Feb 06, 2017

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