- Record Quarterly Sales of $737 million
- Diluted Earnings Per Share of $1.13
- Adjusted Diluted Earnings Per Share of $1.33*
- Free Cash Flow of 133% of Net Income*
“It was an exciting quarter for Regal Beloit,” commented Mark Gliebe, Chief Executive
Officer. “On top of strong overall performance from our operations, we closed on the
acquisition of EPC which is the largest acquisition in the Company’s history. Our Commercial
and Industrial, Mechanical, International and EPC businesses performed exceptionally well in
the quarter offsetting continued weakness in residential HVAC sales. Additionally, our free
cash flow for the quarter was well in excess of net income. Overall, we were pleased with our
performance in the quarter.”
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*This earnings release includes nonGAAP financial measures. Schedules that reconcile these nonGAAP financial measures to the most comparable GAAP figures are included with this earnings release.