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Regal Beloit Corporation Announces Record Second Quarter 2021 Financial Results


Regal Beloit Corporation Announces Record Second Quarter 2021 Financial Results
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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 ....

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IDEXX Laboratories Announces First Quarter Results


IDEXX Laboratories Announces First Quarter Results
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WESTBROOK, Maine, May 4, 2021 /PRNewswire/
Achieves reported revenue growth of 24% and organic growth of 21%, driven by CAG Diagnostics recurring revenue growth of 27% as reported and 23% organic
Delivers EPS of $2.35, representing 82% growth as reported and 73% on a comparable basis
Increases 2021 revenue guidance to $3,105 million - $3,160 million, reflecting higher expectations for reported growth of 14.5% - 16.5% and organic growth of 13% - 15%, supported by projected CAG Diagnostics recurring revenue growth of 16% - 17.5% as reported and 14.5% - 16% organic
Raises 2021 EPS outlook to $7.88 - $8.18, reflecting expectations for 1.5% higher organic revenue growth and targeted operating margin improvement of 270 - 320 basis points as reported and 150 - 200 basis points on a comparable basis ....

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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
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