Live Breaking News & Updates on Sales Six Months Ended Jun

Stay updated with breaking news from Sales six months ended jun. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.

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 States , Louis Pinkham , Regal Beloit Corporation Shareholder Equity , Prnewswire Regal Beloit Corporation , Regal Beloit Corporation , Company Registration Statement On Form , Company Quarterly Reports On Form , Rexnord Or Land Newco Inc , Climate Solutions , Exchange Commission , Net Income Attributable To Regal Beloit Corporation , Rexnord Corporation Process Motion , Rexnord Corporation , Power Transmission Solutions , Securities Exchange , Foreign Currency Exchange , Beloit Corporation , Growth Accelerates , Organic Basis , Adjusted Operating , Expansion Target Well Ahead , Free Cash Flow , Second Half , Shareholders Scheduled , Forma Adjusted , Greater Than ,