Regal Beloit Increases 2017 Earnings Guidance - Quick Facts

(RTTNews) - Regal Beloit Corp. (RBC) announced the company continues to expect positive organic sales growth in 2017. Given the progress that were made in the first quarter, the company said it is revising 2017 adjusted earnings per share forecast to $4.55 to $4.95, an increase of $0.05.

The company reported first-quarter earnings per share of $1.02, up 9.7% from the prior year. First quarter 2017 adjusted earnings per share were $1.07, up 12.6% from the prior year. Total net sales of $813.5 million decreased 0.6% from the prior year and included a negative 0.6% foreign currency translation impact and a negative 0.6% divestiture impact. The result was a positive organic sales growth rate of 0.7%.