$RBC (Regal Beloit Corporation)

$RBC {{ '2016-05-10T16:24:04+0000' | timeago}} • Webcast

Ronnie Weiss of Credit Suisse asks about the two-way material pricing. $RBC said the first half of the year will look pretty much the same relative to the material price formula. It could start to turn heading into the back half of the year, helping the topline. It could differ as copper, aluminum and steel prices are fluctuating.

$RBC {{ '2017-05-01T12:34:19+0000' | timeago}} • Announcement

$RBC BoD declared a dividend of $0.26 per share. The dividend is payable on July 14, 2017, to shareholders of record at the close of business on June 30, 2017.

$RBC {{ '2017-03-10T13:29:26+0000' | timeago}} • Announcement

$RBC announced plans to repatriate approx. $150MM of cash in 2017, which it expects to use for future debt reduction and share repurchases. The company also confirmed its guidance for 2017 GAAP diluted EPS of $4.35-4.75 and adjusted diluted EPS of $4.50-4.90, reflecting a 6% YoY increase at the midpoint.

$RBC {{ '2017-03-10T13:28:51+0000' | timeago}} • Announcement

$RBC updated its enterprise strategy and announced new 3-year performance goals. Through the execution of the strategy over the next 3 years, the company expects to achieve organic sales CAGR of 2-4%, adjusted operating margin improvement of 200-250BP, free cash flow of 100-125% of net income and ROIC improvement of 300-400BP.

$RBC {{ '2017-02-06T22:20:43+0000' | timeago}} • Announcement

$RBC expects 2017 organic sales growth to be positive, despite the global macro environment continuing to be somewhat uncertain. $RBC expects the incremental margins from the volume growth and simplification to offset that headwind and increase operating margins. $RBC sees 2017 adjusted EPS of $4.50-4.90 and GAAP EPS of $4.35-4.75.

$RBC {{ '2017-02-06T22:17:45+0000' | timeago}} • Announcement

$RBC swung to a 4Q16 profit from a loss last year, on lower operating expenses. Net income was $45.6MM or $1.01 per share compared to a loss of $19.3MM or $0.43 per share last year. Net sales fell to $758.1MM from $773.5MM. Adjusted EPS declined to $1.04 from $1.17.

$RBC {{ '2017-01-23T14:30:28+0000' | timeago}} • Announcement

$RBC's BoD declared a dividend of $0.24 per share. The dividend is payable on April 13, 2017, to shareholders of record on March 31, 2017. This represents the 227th consecutive quarterly dividend declared by $RBC.

$RBC {{ '2016-11-07T19:57:33+0000' | timeago}} • Webcast

$RBC said 3Q16 was a tough quarter for the Power Transmission business, driven partly by business mix. There were also some oil and gas declines and a decline in the renewable energy space. The company expects better performance from this segment in 4Q16.

$RBC {{ '2016-11-07T19:45:46+0000' | timeago}} • Webcast

In 3Q16, sales in $RBC’s Commercial and Industrial Systems segment were $389MM, a decrease of 9% from 3Q15. Sales in the Climate Solutions segment were $251MM, down approx. 5% from the prior year. Sales in the Power Transmission Solutions segment were $170MM, a decrease of 11% from the prior year.

$RBC {{ '2016-11-07T19:37:54+0000' | timeago}} • Webcast

$RBC expects 4Q16 adjusted EPS to be $1.00-1.10. The company’s full-year 2016 guidance reflects 2H16 improvement in adjusted EPS of 11-15% as compared to 1H16. $RBC expects full-year 2016 Capex to be $65MM.

$RBC {{ '2016-11-07T19:21:52+0000' | timeago}} • Webcast

$RBC's sales in 3Q16 decreased 8.2% compared to 3Q15. Foreign currency translation in the quarter was a negative 0.6%. The divestiture of the Mastergear business negatively impacted 3Q16 sales by $4.8MM. Organic sales declined 7.1% from the prior year. Adjusted operating profit margin was 11.1%, down 40BP from the prior year.

$RBC {{ '2016-11-07T14:25:37+0000' | timeago}} • Announcement

$RBC expects 4Q16 organic sales growth to be in the range of flat to slightly down versus 2015, representing another quarter of sequential improvement. Accordingly, $RBC expects 2016 adjusted EPS of $4.40-4.50. The company projects 2016 GAAP EPS of $4.45-4.55.

$RBC {{ '2016-11-07T14:23:16+0000' | timeago}} • Announcement

Electric motor maker $RBC reported a decline in 3Q16 earnings due to lower sales as well as last year's benefit from finalization of 2015 tax provision. Net income fell to $59.6MM or $1.32 per share from $63.4MM or $1.41 per share last year. Net sales dropped to $809.6MM from $882.3MM. Adjusted EPS declined to $1.31 from $1.43.

$RBC {{ '2016-08-09T19:34:43+0000' | timeago}} • Webcast

Samuel Eisner of Goldman Sachs asks what will be the weightage for 3Q and 4Q in the implied $2.36 earnings midpoint outlook for 2H16. CFO Charles Hinrichs said that 3Q will be better than 4Q because of seasonal factors. He added that $RBC does not have the percentages for 3Q and 4Q, but the company expects third quarter to be heavier.

$RBC {{ '2016-08-09T19:25:41+0000' | timeago}} • Webcast

Samuel Eisner of Goldman Sachs asks about the free cash flow target for 2016. CFO Charles Hinrichs said that $RBC estimates free cash flow to be 150% of net income for 2016, which equates to about $300MM.

$RBC {{ '2016-08-09T19:20:10+0000' | timeago}} • Webcast

For 2016, $RBC expects GAAP earnings to be $4.32-4.52 per share. The company expects to start additional Simplification initiatives and synergy programs in 2H16. $RBC forecast restructuring expenses related to all of these activities to be $14MM for the year.

$RBC {{ '2016-08-09T19:13:20+0000' | timeago}} • Webcast

$RBC said that 2Q16 results were generally in line with the company's expectations. Sales came in a little lighter than what company had planned, hurt by the slower start to the cooling season and further weakness in core industrial markets. $RBC added that organic sales were down in all three segments.

$RBC {{ '2016-08-08T21:46:31+0000' | timeago}} • Announcement

$RBC forecast 2016 adjusted diluted EPS of $4.35 to $4.55, and said the company expects its 2H16 to be stronger than the first due to a favorable price/cost impact and incremental savings from cost control initiatives.

$RBC {{ '2016-08-08T21:42:57+0000' | timeago}} • Announcement

Electric motor maker $RBC reported a lower quarterly profit, hurt by a 11% fall in revenue. The company reported 2Q16 earnings of $58.4MM, or $1.26 per share, compared with $62.8MM, or $1.39 per share a year ago. Total net sales of $838.6MM decreased 11.0% from the prior year and included a negative 1.0% foreign currency translation impact.

$RBC {{ '2016-08-01T13:47:12+0000' | timeago}} • Announcement

$RBC said its BoD declared a quarterly dividend of $0.24 per share, payable on Oct. 14, 2016, to shareholders of record at the close of business on Sept. 30, 2016.

$RBC {{ '2016-05-10T16:28:30+0000' | timeago}} • Webcast

Bhupender Bohra from Jefferies probes on the China business, the size of it withing C&I and power transmission. $RBC said it sell primarily into infrastructure and industrial type markets in China. That business was down for the company again. To size it from a revenue perspective, China was 7% last year for the company.

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