Regal Beloit Corporation Announces Record First Quarter 2021 Financial Results
Regal Beloit Corporation Announces Record First Quarter 2021 Financial Results - Sales Growth Accelerates, Up 10.9% Versus PY and Up 9.1% on an Organic Basis - Record Adjusted Operating Margin of 13.9% Up 310 bps versus PY (GAAP Operating Margin 11.9%) - Record Adjusted Diluted EPS of $1.98 Up Over 50% versus PY (GAAP Diluted EPS of $1.60) - Raised Quarterly Dividend in April by 10% to $0.33 - Daily Orders Up 17% in 1Q and Up Almost 90% in April versus PY - Net Debt to Adjusted EBITDA of 0.9x - Announced Transformational Merger with Rexnord's PMC Business; On Track to Close in 4Q 2021 News pr...
Source: prnewswire.com