Regal Beloit Raises 2017 Earnings Guidance - Quick Facts

(RTTNews) - Regal Beloit Corporation (RBC) announced the company is raising its 2017 adjusted earnings per share guidance to $4.70 to $5.00 from the company's previous guidance of $4.55 to $4.95. The company continues to expect low single digit organic sales growth for the full year.

Second-quarter adjusted earnings per share were $1.29, up 13.2% from the prior year. Total net sales were $869.2 million, up 3.6% from the previous year and included a negative 0.7% foreign currency translation impact and a negative 0.5% divestiture impact. The result was a positive organic sales growth rate of 4.8%.