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February 7, 2014
17:32 EDTRBCRegal-Beloit acquires Hy-Bon
Regal Beloit Corporation announced it has acquired Hy-Bon Engineering Company. For 2014 and 2015, Hy-Bon is anticipated to be accretive to EPS by 3c-6c and 8c-12c, respectively.
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February 23, 2015
08:02 EDTRBCRegal-Beloit reinstated with a Neutral at Goldman
Target $83.
February 17, 2015
05:21 EDTRBCRegal-Beloit sees FY15 adjusted EPS $5.45-$5.85, consensus $5.50
Regal Chairman and CEO Mark Gliebe stated, "We are executing on the three-year plan we laid out for investors in December 2014. Current business conditions give us confidence in our North American operations but unfavorable currency translation, uncertainty in Europe and a decline in oil and gas investments will be headwinds in 2015. Despite these challenges, we continue to expect our margin improvement initiatives will enable us to achieve the first year targets for our legacy businesses that we communicated in December. We expect 2015 adjusted diluted EPS to be in the range of $5.45-$5.85, which includes accretion from the PTS acquisition."
05:20 EDTRBCRegal-Beloit reports Q4 adjusted EPS 82c, consensus 94c
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