Regal Beloit Issues Earnings Guidance - Quick Facts

(RTTNews) - Regal Beloit Corp. (RBC) announced, for 2017, the company forecasts: GAAP earnings per share of $4.35 to $4.75; and adjusted earnings per share to be $4.50 to $4.90. Analysts polled by Thomson Reuters expect the company to report profit per share of $4.75. Analysts' estimates typically exclude special items.

"The global macro environment continues to be somewhat uncertain, however we expect our 2017 organic sales growth to be positive. While commodity inflation will be a challenge, we expect the incremental margins from the volume growth and simplification to offset that headwind and increase operating margins for the year," said Regal CEO Mark Gliebe.

Fourth-quarter adjusted earnings per share were $1.04. Total net sales were $758.1 million decreased 2.0% from the prior year and included a negative 0.7% foreign currency translation impact and a negative 0.6% divestiture impact.

"Our fourth quarter results were in line with our expectations. Organic sales growth turned positive in our Commercial and Industrial Systems and Climate Solutions Segments," said Mark Gliebe.