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TUE AM News: LUM launches engagement tool for artists; LGBT Chamber presenting 2021 Business Awards

TUE AM News: LUM launches engagement tool for artists; LGBT Chamber presenting 2021 Business Awards
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Rexnord, Regal Beloit receive key IRS ruling for merger

Rexnord, Regal Beloit receive key IRS ruling for merger
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Global Industrial Motors Market 2021 Worldwide Industry Size, Key Vendors, Growth Drivers, Opportunity, Forecast to 2026 – Business

Global Industrial Motors Market 2021 Worldwide Industry Size, Key Vendors, Growth Drivers, Opportunity, Forecast to 2026 – Business
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Regal Beloit Corp (RBC) Q2 2021 Earnings Call Transcript

Operator Good day, and welcome to the Regal Second Quarter 2021 Earnings Conference Call. [Operator Instructions] Please note this event is being recorded. I would now like to turn the conference over to Mr. Robert Barry, Vice President of Investor Relations. Please go ahead. Robert Douglas Barry Vice President of Investor Relations Great. Thanks, Ian. Good morning, everyone. Welcome to Regal Beloit s Second Quarter 2021 Earnings Call. Joining me today are Louis Pinkham, our Chief Executive Officer; and Rob Rehard, our Vice President and Chief Financial Officer. Before turning the call over to Louis, I d like to remind you that the statements made in this conference call that are not historical in nature are forward-looking statements.

United statesRobert douglas barryLouisv pinkhamLouis pinkhamRobert barryRegal beloit corpPower transmission solutionsClimate solutionsRegal second quarterVice presidentRegal beloitSecond quarterChief executive officerRob rehardChief financialChief executive

Regal Beloit Corporation Announces Record Second Quarter 2021 Financial Results

Regal Beloit Corporation Announces Record Second Quarter 2021 Financial Results News provided by Share this article Second Quarter Highlights Record Adjusted Operating Margin of 14.0% Up 460 bps versus PY (GAAP Operating Margin 12.3%) Achieving 300-in-3 Record Adjusted Diluted EPS of $2.28 Up 140% versus PY (GAAP Diluted EPS of $1.94) Daily Orders Up 57% in 2Q and Tracking up Mid-20 s in July versus PY Net Debt to Adjusted EBITDA of 0.7x, with Free Cash Flow of $73.5M for Conversion of 90.3% Expect 2021 Adjusted Diluted EPS Range of $8.70 to $9.00 (GAAP Diluted EPS Range of $7.29 to $7.59) Update on Rexnord PMC Merger Closing is On Track for the Second Half of 2021

United statesLouis pinkhamRegal beloit corporation shareholder equityPrnewswire regal beloit corporationRegal beloit corporationCompany registration statement on formCompany quarterly reports on formRexnord or land newco incClimate solutionsExchange commissionNet income attributable to regal beloit corporationRexnord corporation process motionRexnord corporationPower transmission solutionsSecurities exchangeForeign currency exchange