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Last $66.22 USD
Change Today -0.52 / -0.78%
Volume 467.4K
RBC On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 8:04 PM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

regal beloit corp (RBC) Snapshot

Open
$66.30
Previous Close
$66.74
Day High
$67.05
Day Low
$65.79
52 Week High
05/20/15 - $81.36
52 Week Low
10/15/14 - $62.15
Market Cap
3.0B
Average Volume 10 Days
367.5K
EPS TTM
$4.67
Shares Outstanding
44.8M
EX-Date
09/30/15
P/E TM
14.2x
Dividend
$0.92
Dividend Yield
1.34%
Current Stock Chart for REGAL BELOIT CORP (RBC)

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regal beloit corp (RBC) Details

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 products are used in health care, cloud and enterprise data centers, oil and gas, marine, agriculture, transportation, government, and construction applications. The company’s Climate Solutions segment offers electronic variable speed controls and blowers, as well as capacitors that are used in residential and light commercial air moving applications, including commercial heating, ventilation, and air conditioning (HVAC) systems and commercial refrigeration. Its Power Transmission Solutions segment provides engineered enclosed gear drives, gear motors, transmissions, and custom open gearing products; and application and design assistance services. This segment also offers belt and chain drives, helical and worm gearing products, mounted and un-mounted bearings, couplings, modular plastic belts, and conveying chains and components. Its products are used in material handling, food and beverage, agriculture, industrial machinery, construction, and other general gearing applications. The company serves original equipment manufacturers, end-user customers, manufacturers of HVAC products and refrigeration systems, and system integrators through a network of sales representatives and distributors. Regal Beloit Corporation was founded in 1955 and is based in Beloit, Wisconsin.

24,100 Employees
Last Reported Date: 03/4/15
Founded in 1955

regal beloit corp (RBC) Top Compensated Officers

Chairman of The Board and Chief Executive Off...
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 corp (RBC) Key Developments

Regal Beloit Plans Acquisitions

Regal Beloit Corporation (NYSE:RBC) plans to make acquisitions. Chuck Hinrichs, Vice President and Chief Financial Officer of the company said: “We’re at the upper end of that right now after the acquisition of PTS. Following that capital expenditures are generally 2.5% to 3% of sales, slightly under-spending our depreciation stream from the business. And then we have our dividends. As mentioned earlier on the summary page, we've increased our dividends 10 out of the last 11 years. Following that, then we look at the priorities of opportunities to acquire businesses and continue our growth through acquisitions and the opportunities of share repurchase.”

Regal Beloit Corporation Presents at Jefferies 11th Annual Industrials Conference, Aug-12-2015 10:40 AM

Regal Beloit Corporation Presents at Jefferies 11th Annual Industrials Conference, Aug-12-2015 10:40 AM. Venue: Grand Hyatt, 109 E. 42nd Street, New York, New York, United States.

Regal Beloit Corporation Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended July 4, 2015; Provides Earnings Guidance for the Year 2015

Regal Beloit Corporation announced unaudited consolidated earnings results for the second quarter and six months ended July 4, 2015. For the quarter, the company reported net income attributable to company of $62.8 million or $1.39 per diluted share on net sales of $942.2 million compared to net income attributable to company of $56.2 million or $1.24 per diluted share on net sales of $850.4 million reported in the same period last year. Income from operations was $103.2 million against $87.7 million reported last year. Income before taxes was $87.7 million against $79.1 million reported last year. Net cash provided by operating activities was $118.2 million against $99.5 million reported last year. Additions to property, plant and equipment were $23.5 million against $20.6 million reported last year. Adjusted operating profit was $112.4 million against $91.1 million reported last year. Adjusted diluted earnings per share was $1.53 against $1.29 reported last year. Effective tax rate in the second quarter as 26%. The company delivered free cash flow of 151% of net income. Net debt was $1,645,000,000 For the six months, the company reported net income attributable to company of $99.2 million or $2.20 per diluted share on net sales of $1,853.9 million compared to net income attributable to company of $100.0 million or $2.20 per diluted share on net sales of $1,651.6 million reported in the same period last year. Income from operations was $166.8 million against $157.4 million reported last year. Income before taxes was $138.9 million against $140.1 million reported last year. Net cash provided by operating activities was $135.7 million against $145.3 million reported last year. Additions to property, plant and equipment were $44.7 million against $42.9 million reported last year. Adjusted operating profit was $201.4 million against $166.3 million reported last year. Adjusted diluted earnings per share was $2.74 against $2.33 reported last year. The company expects 2015 adjusted diluted earnings per share to be in the range of $5.40 to $5.60, representing a 25% to 30% increase over the prior year. The company expects to maintain this 26% effective tax rate (ETR) in 2015. The ETR includes the PTS acquisition and the $5 million of tax synergies, sales to be down up to $100 million. The company forecasting capital expenditures of $95 million for the full year 2015. GAAP earnings per share guidance is to be $4.76 to $4.96. To calculate adjusted earnings per share, add back the $0.47 per share of inventory purchase accounting adjustments and transaction costs for PTS, the estimated $0.15 per share of restructuring charges and the $0.02 per share for the Venezuelan devaluation. These adjustments totaled $0.64 on an earnings per share basis.

 

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Industry Analysis

RBC

Industry Average

Valuation RBC Industry Range
Price/Earnings 98.9x
Price/Sales 0.9x
Price/Book 1.5x
Price/Cash Flow 98.3x
TEV/Sales 0.2x
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