Regal Beloit Raises 2018 Earnings Guidance - Quick Facts

(RTTNews) - Regal Beloit Corp. (RBC) raised its 2018 adjusted earnings per share guidance range to $5.60 to $6.00. The company forecasts 2018 GAAP diluted earnings per share of $5.29 to $5.69. The company noted that the difference between the GAAP diluted earnings per share guidance and the adjusted diluted per share guidance relates to expected restructuring and related costs of $0.16 per share as well as purchase accounting and transaction costs of $0.15 per share.

"The first quarter was a good start to the year, and we are pleased that we continue to see order strength in all three segments as we enter the second quarter. While our input costs are inflationary, we expect the benefits from our price actions will offset the commodity inflation headwind. Additionally, we expect the Nicotra Gebhardt acquisition to be $0.13 - $0.15 accretive to adjusted earnings in 2018," said Regal CEO Mark Gliebe.

First quarter adjusted diluted earnings per share were $1.34, up 25% from the prior year. Total net sales of $878.8 million increased 8.0% from the prior year and included a positive 2.2% foreign currency translation impact. The result was a positive organic sales growth rate of 5.8%.