$RBC (Regal Beloit Corporation)

$RBC {{ '2016-05-10T15:57:11+0000' | timeago}} • Webcast

Mike Halloran of Robert W. Baird asks about the margin guidance, if $RBC suggested that margins are going to track up from Q1 to 2Q and then up again to Q3 or just up from 1Q levels. $RBC said that the company will see sequential improvement in 2Q16 and 3Q16 from where it was in 1Q16; 2Q is seasonally stronger market in climate solutions.

$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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