8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

_______________________

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of

the Securities Exchange Act of 1934

_______________________

Date of Report

(Date of earliest event reported):        May 9, 2016

              Regal Beloit Corporation             

(Exact name of registrant as specified in its charter)

Wisconsin	1-7283	39-0875718
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

          200 State Street, Beloit, Wisconsin 53511-6254           

(Address of principal executive offices, including Zip code)

  (608) 364-8800  

(Registrant's telephone number)

  Not Applicable  

(Former Name or Former Address, if Changed Since Last Report)

_______________________

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 2.02.Results of Operations and Financial Condition.

On May 9, 2016, Regal Beloit Corporation (the “Company”) issued a news release reporting the financial results of the Company for the financial period ended April 2, 2016. A copy of the Company's news release is furnished as Exhibit 99.1 to this Current Report on Form 8-K.

Item 7.01Regulation FD Disclosure.

On May 10, 2016, the Company held a conference call to discuss its financial results for the financial period ended April 2, 2016 and provided a presentation in connection therewith. A copy of the Company's conference call presentation is furnished as Exhibit 99.2 to this Current Report on Form 8-K.

Item 9.01.Financial Statements and Exhibits.

(a) Not Applicable

(b) Not Applicable

(c) Not Applicable

(d) Exhibits. The following exhibits are being furnished herewith:

99.1 News Release of Regal Beloit Corporation dated May 9, 2016.

99.2 Regal Beloit Corporation Presentation of May 10, 2016.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

REGAL BELOIT CORPORATION

Date: May 10, 2016By:/s/ Charles A. Hinrichs

Charles A. Hinrichs

Vice President, Chief Financial Officer

REGAL BELOIT CORPORATION

Exhibit Index to Report on Form 8-K

Dated May 9, 2016

Exhibit Number	Exhibit Description
99.1	News Release of Regal Beloit Corporation dated May 9, 2016.
99.2	Regal Beloit Corporation Presentation of May 10, 2016.

EX-99.1

FOR RELEASE ON: May 9, 2016

CONTACT:    Robert Cherry, VP - Investor Relations

608-361-7530                    

robert.cherry@regalbeloit.com

Regal Beloit Corporation Announces First Quarter 2016 Financial Results

BELOIT, WI - Regal Beloit Corporation (NYSE: RBC) today reported first quarter 2016 diluted earnings per share of $0.93. First quarter 2016 adjusted diluted earnings per share* were $0.95.

Key financial results for the first quarter 2016 included:

• Total net sales of $818 million decreased 10.3% from the prior year including a negative foreign currency translation impact of 1.3%.

• Adjusted operating profit of $70.7 million decreased 20.6% from the prior year driven by lower volume partially offset by benefits from the Simplification initiative and cost controls.

• Free cash flow was 104% of net income and the Company paid down $17 million of debt.

First quarter 2016 segment results versus the prior year first quarter included:

• Commercial and Industrial Systems Segment net sales were $378 million, down 17%. The majority of the decrease was from the impact of depressed oil & gas activity, weak North American and China industrial markets, and a negative 1.9% foreign currency translation. Adjusted operating profit margin decreased to 5.8%, due primarily to the lower volume in the oil & gas end market partially offset by the benefits of the Simplification initiative and cost controls.

• Climate Solutions Segment net sales were $240 million, down 14%. Sales were unfavorably impacted by a downturn in the Middle East HVAC market, lower demand in the residential North American HVAC and water heating markets, the effect of contractual two-way material price formulas and a negative 1.0% foreign currency translation. Adjusted operating profit margin decreased to 10.8%, due primarily to the lower volume partially offset by the benefits of the Simplification initiative and cost controls.

• Power Transmission Solutions Segment net sales increased 15% to $201 million, driven primarily by acquisition growth. Sales were negatively impacted by weak oil & gas, metals, and agricultural end markets and a negative 0.2% foreign currency translation. Adjusted operating profit margin increased to 11.5%.

*This earnings release includes non-GAAP financial measures. Descriptions of why we believe these non-GAAP measures are useful and reconciliations of these non-GAAP financial measures to the most directly comparable GAAP measures are included with this earnings release.

“The first quarter was a challenging period given a further step-down in oil and gas and overall weak industrial end markets,” said Regal Chairman and CEO Mark Gliebe. “Our Simplification programs helped offset the impact of weaker sales on operating profit, and we generated free cash flow of 104% of net income, which we used to pay down $17 million of debt.”

2016 Outlook

“As we look ahead to the remainder of 2016, we are positioning the business for a continued challenging industrial environment by accelerating our Simplification programs and implementing tighter cost controls, which we expect to lead to a sequential improvement in margins in the next two quarters.

"Given these market conditions, we have revised our 2016 adjusted diluted earnings per share to be in the range of $4.40 to $4.80," continued Mr. Gliebe.

Conference Call

Regal will hold a conference call to discuss the earnings release at 9:00 AM CDT (10:00 AM EDT) on May 10, 2016. Individuals who would like to participate by phone should dial 888-317-6003 and enter 9560524 when prompted. International callers should dial 412-317-6061 and enter 9560524 when prompted. To view the presentation during the call, please follow this link to Regal’s Investors page:

http://investors.regalbeloit.com/phoenix.zhtml?c=116222&p=irol-presentations.

To listen to the live audio and view the presentation via the internet, please go to:

https://www.webcaster4.com/Webcast/Page/747/14604.

A telephone replay of the call will be available through August 10, 2016, at 877-344-7529, conference ID 10083741. International callers should call 412-317-0088 using the same conference ID. A webcast replay will be available until August 10, 2016, and can be accessed at

http://investors.regalbeloit.com/phoenix.zhtml?c=116222&p=irol-calendarPast.

About the Company

Regal Beloit Corporation (NYSE: RBC) is a leading manufacturer of electric motors, electrical motion controls, power generation and power transmission products serving markets throughout the world. The company is comprised of three business segments: Commercial and Industrial Systems, Climate Solutions and Power Transmission Solutions. Regal is headquartered in Beloit, Wisconsin, and has manufacturing, sales and service facilities throughout the United States, Canada, Mexico, Europe and Asia. For more information, visit RegalBeloit.com

CAUTIONARY STATEMENT

The following is a cautionary statement made under the Private Securities Litigation Reform Act of 1995: With the exception of historical facts, the statements contained in this press release may be forward looking statements. Forward-looking statements represent our management’s judgment regarding future events. In many cases, you can identify forward-looking statements by terminology such as “may,” “will,” “plan,” “expect,” “anticipate,” “estimate,” “believe,” or “continue” or the negative of these terms or other similar words. Actual results and events could differ materially and adversely from those contained in the forward-looking statements due to a number of factors, including: uncertainties regarding our ability to execute our restructuring plans within expected costs and timing; increases in our overall debt levels as a result of the acquisition of the Power Transmission Solutions (“PTS”) business from Emerson Electric Co., or otherwise and our ability to repay principal and interest on our outstanding debt; actions taken by our competitors and our ability to effectively compete in the increasingly competitive global electric motor, power generation and mechanical motion control industries; our ability to develop new products based on technological innovation and the marketplace acceptance of new and existing products; fluctuations in commodity prices and raw material costs; our dependence on significant customers; issues and costs arising from the integration of acquired companies and businesses such as the PTS acquisition, including the timing and impact of purchase accounting adjustments; unanticipated costs or expenses we may incur related to product warranty issues; our dependence on key suppliers and the potential effects of supply disruptions; infringement of our intellectual property by third parties, challenges to our intellectual property, and claims of infringement by us of third party technologies; product liability and other litigation, or the failure of our products to perform as anticipated, particularly in high volume applications; economic changes in global markets where we do business, such as reduced demand for the products we sell, currency exchange rates, inflation rates, interest rates, recession, foreign government policies and other external factors that we cannot control; unanticipated liabilities of acquired businesses; effect on earnings of any significant impairment of goodwill or intangible assets; cyclical downturns affecting the global market for capital goods; difficulties associated with managing foreign operations; and other risks and uncertainties including but not limited to those described in Item 1A-Risk Factors of the Company’s Annual Report on Form 10-K filed on March 2, 2016 and from time to time in our reports filed with U.S. Securities and Exchange Commission. All subsequent written and oral forward-looking statements attributable to us or to persons acting on our behalf are expressly qualified in their entirety by the applicable cautionary statements. The forward-looking statements included in this presentation are made only as of their respective dates, and we undertake no obligation to update these statements to reflect subsequent events or circumstances.

CONDENSED CONSOLIDATED STATEMENTS OF INCOME
Unaudited
(Amounts in Millions, Except per Share Data)
	Three Months Ended
	Apr 2, 2016		Apr 4, 2015
Net Sales	$	818.2	$	911.7
Cost of Sales	600.8		690.8
Gross Profit	217.4		220.9
Operating Expenses	148.1		157.3
Income From Operations	69.3		63.6
Interest Expense	15.0		13.6
Interest Income	1.1		1.2
Income Before Taxes	55.4		51.2
Provision for Income Taxes	12.7		13.3
Net Income	42.7		37.9
Less: Net Income Attributable to Noncontrolling Interests	1.1		1.5
Net Income Attributable to Regal Beloit Corporation	$	41.6	$	36.4
Earnings Per Share Attributable to Regal Beloit Corporation:
Basic	$	0.93	$	0.81
Assuming Dilution	$	0.93	$	0.81
Cash Dividends Declared	$	0.23	$	0.22
Weighted Average Number of Shares Outstanding:
Basic	44.7		44.7
Assuming Dilution	45.0		45.1

CONDENSED CONSOLIDATED BALANCE SHEETS
Unaudited
(Dollars in Millions)
	Apr 2, 2016		Jan 2, 2016
ASSETS
Current Assets:
Cash and Cash Equivalents	$	249.1	$	252.9
Trade Receivables, less Allowances of $11.9 million in 2016 and $11.3 million in 2015	498.1		462.0
Inventories	756.8		775.0
Prepaid Expenses and Other Current Assets	145.5		145.3
Total Current Assets	1,649.5		1,635.2
Net Property, Plant, Equipment and Noncurrent Assets	2,950.7		2,956.5
Total Assets	$	4,600.2	$	4,591.7
LIABILITIES AND EQUITY
Current Liabilities:
Accounts Payable	$	338.5	$	336.2
Other Accrued Expenses	237.3		270.3
Current Maturities of Debt	6.1		6.3
Total Current Liabilities	581.9		612.8
Long-Term Debt	1,699.3		1,715.6
Other Noncurrent Liabilities	282.8		280.5
Equity:
Total Regal Beloit Corporation Shareholders' Equity	1,998.9		1,937.3
Noncontrolling Interests	37.3		45.5
Total Equity	2,036.2		1,982.8
Total Liabilities and Equity	$	4,600.2	$	4,591.7

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOW
Unaudited
(Dollars in Millions)
	Three Months Ended
	Apr 2, 2016			Apr 4, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$	42.7		$	37.9
Adjustments to reconcile net income and changes in assets and liabilities (net of acquisitions) to net cash provided by operating activities:
Depreciation and amortization	40.1			35.9
Excess tax benefits from share-based compensation	—			(0.7		)
Loss on disposal of assets, net	0.6			0.1
Share-based compensation expense	3.3			3.0
Loss on Venezuela currency devaluation	—			1.5
Change in operating assets and liabilities, net of acquisitions	(28.5		)	(60.2		)
Net cash provided by operating activities	58.2			17.5
CASH FLOWS FROM INVESTING ACTIVITIES:
Additions to property, plant and equipment	(14.9		)	(21.2		)
Net (purchases) sales of investment securities	(1.7		)	4.3
Business acquisitions, net of cash acquired	—			(1,392.5		)
Proceeds from sale of assets	—			1.3
Net cash used in investing activities	(16.6		)	(1,408.1		)
CASH FLOWS FROM FINANCING ACTIVITIES:
Net borrowings under revolving credit facility	33.0			76.5
Net (repayments) proceeds from short-term borrowings	(0.2		)	2.3
Proceeds from long-term debt	—			1,250.0
Repayments of long-term debt	(50.1		)	(15.7		)
Dividends paid to shareholders	(10.2		)	(9.8		)
Proceeds from the exercise of stock options	0.5			3.0
Excess tax benefits from share-based compensation	—			0.7
Distributions to noncontrolling interest	—			(0.3		)
Purchase of subsidiary shares from noncontrolling interest	(19.6		)	(0.8		)
Financing fees paid	—			(17.8		)
Net cash (used in) provided by financing activities	(46.6		)	1,288.1
EFFECT OF EXCHANGE RATES ON CASH AND CASH EQUIVALENTS	1.2			(1.9		)
Net decrease in cash and cash equivalents	(3.8		)	(104.4		)
Cash and cash equivalents at beginning of period	252.9			334.1
Cash and cash equivalents at end of period	$	249.1		$	229.7

SEGMENT INFORMATION
Unaudited
(Dollars In Millions)
	Three Months Ended
	Commercial & Industrial Systems						Climate Solutions						Power Transmission Solutions						Total Regal
	Apr 2, 2016			Apr 4, 2015			Apr 2, 2016			Apr 4, 2015			Apr 2, 2016			Apr 4, 2015			Apr 2, 2016			Apr 4, 2015
Net Sales	$	377.6		$	456.4		$	239.8		$	280.4		$	200.8		$	174.9		$	818.2		$	911.7
Operating Margin	5.7		%	7.3		%	10.3		%	11.9		%	11.5		%	(1.8		)%	8.5		%	7.0		%
Adjusted Operating Margin Percentage*	5.8		%	8.0		%	10.8		%	11.6		%	11.5		%	11.4		%	8.6		%	9.8		%
Components of Net Sales:
Organic Sales Growth	(15.3		)%	0.5		%	(13.5		)%	(0.3		)%	(5.5		)%	9.9		%	(12.9		)%	0.9		%
Acquisitions, Net of Divestitures	—		%	5.0		%	—		%	—		%	20.6		%	170.3		%	3.9		%	16.1		%
Foreign Currency Impact	(1.9		)%	(4.8		)%	(1.0		)%	(1.4		)%	(0.2		)%	(1.3		)%	(1.3		)%	(3.3		)%

NON-GAAP MEASURES AND OTHER DEFINITIONS

Unaudited

(Dollars in Millions)

We prepare financial statements in accordance with accounting principles generally accepted in the United States (“GAAP”). We also periodically disclose certain financial measures in our quarterly earnings releases, on investor conference calls, and in investor presentations and similar events that may be considered “non-GAAP” financial measures. We believe that these non-GAAP financial measures are useful measures for providing investors with additional information regarding our results of operations and for helping investors understand and compare our operating results across accounting periods and compared to our peers. In addition, since our management often uses these non-GAAP financial measures to manage and evaluate our business, make operating decisions, and forecast our future results, we believe disclosing these measures helps investors evaluate our business in the same manner as management. This additional information is not meant to be considered in isolation or as a substitute for our results of operations prepared and presented in accordance with GAAP.

In this earnings release, we disclose the following non-GAAP financial measures, and we reconcile these measures in the tables below to the most directly comparable GAAP financial measures: adjusted diluted earnings per share (both historical and projected), adjusted operating profit, adjusted operating profit margin, free cash flow and free cash flow as a percentage of net income attributable to Regal Beloit Corporation.

In addition to these non-GAAP measures, we also use the term “organic sales” to refer to GAAP sales from existing operations excluding sales from acquired businesses recorded prior to the first anniversary of the acquisition less the amount of sales attributable to any divested businesses (“acquisition sales”), and the impact of foreign currency translation. The impact of foreign currency translation is determined by translating the respective period’s sales (excluding acquisition sales) using the same currency exchange rates that were in effect during the prior year periods. We use the term “organic sales growth” to refer to the increase in our sales between periods that is attributable to organic sales. We use the term “acquisition growth” to refer to the increase in our sales between periods that is attributable to acquisition sales.

ADJUSTED DILUTED EARNINGS PER SHARE	Three Months Ended
	Apr 2, 2016		Apr 4, 2015
Diluted Earnings Per Share	$	0.93	$	0.81
Purchase Accounting and Transaction Costs	—		0.36
Restructuring and Related Costs	0.02		0.02
Venezuelan Currency Devaluation	—		0.02
Adjusted Diluted Earnings Per Share	$	0.95	$	1.21

ADJUSTED OPERATING INCOME
	Three Months Ended
	Commercial & Industrial Systems				Climate Solutions					Power Transmission Solutions					Total Regal
	Apr 2, 2016		Apr 4, 2015		Apr 2, 2016		Apr 4, 2015			Apr 2, 2016		Apr 4, 2015			Apr 2, 2016		Apr 4, 2015
Income from Operations	$	21.7	$	33.3	$	24.6	$	33.4		$	23.0	$	(3.1	)	$	69.3	$	63.6
Purchase Accounting and Transaction Costs	—		—		—		—			—		22.7			—		22.7
Restructuring and Related Costs	0.1		1.9		1.3		(1.0		)	—		0.3			1.4		1.2
Venezuelan Currency Devaluation	—		1.5		—		—			—		—			—		1.5
Adjusted Income from Operations	$	21.8	$	36.7	$	25.9	$	32.4		$	23.0	$	19.9		$	70.7	$	89.0

GAAP Operating Margin %	5.7%	7.3%	10.3%	11.9%	11.5%	(1.8)%	8.5	%	7.0	%
Adjusted Operating Margin %	5.8%	8.0%	10.8%	11.6%	11.5%	11.4%	8.6	%	9.8	%

FREE CASH FLOW RECONCILIATION	Three Months Ended
	Apr 2, 2016			Apr 4, 2015
Net Cash Provided by Operating Activities	$	58.2		$	17.5
Additions to Property Plant and Equipment	(14.9		)	(21.2		)
Free Cash Flow	$	43.3		$	(3.7	)
Free Cash Flow as a Percentage of Net Income Attributable to Regal Beloit Corporation	104.1		%

RECONCILIATION OF 2016 ADJUSTED ANNUAL GUIDANCE	Minimum			Maximum
2016 EPS Annual Guidance	$	4.38		$	4.78
Restructuring and Related Costs	0.20			0.20
Gain on Sale of Business	(0.18		)	(0.18		)
2016 Adjusted EPS Annual Guidance	$	4.40		$	4.80

ORGANIC GROWTH	Three Months Ended
	Apr 2, 2016
Net Sales	$	818.2
Net Sales from Businesses Acquired	(35.9		)
Impact from Foreign Currency Exchange Rates	11.9
Adjusted Net Sales	$	794.2
Net Sales Three Months Ended April 4, 2015	$	911.7
Organic Growth %	(12.9		)%

EX-99.2

Regal Beloit Corporation First Quarter 2016 Earnings Conference Call May 10, 2016 Mark Gliebe Chairman and Chief Executive Officer Jon Schlemmer Chief Operating Officer Chuck Hinrichs Vice President Chief Financial Officer Robert Cherry Vice President Investor Relations

Safe Harbor Statement This presentation contains “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements represent our management’s judgment regarding future events. In many cases, you can identify forward-looking statements by terminology such as “may,” “will,” “plan,” “expect,” “anticipate,” “estimate,” “believe,” or “continue” or the negative of these terms or other similar words. Actual results and events could differ materially and adversely from those contained in the forward-looking statements due to a number of factors, including: uncertainties regarding our ability to execute our restructuring plans within expected costs and timing; increases in our overall debt levels as a result of the acquisition of the Power Transmission Solutions (“PTS”) business from Emerson Electric Co., or otherwise and our ability to repay principal and interest on our outstanding debt; actions taken by our competitors and our ability to effectively compete in the increasingly competitive global electric motor, power generation and mechanical motion control industries; our ability to develop new products based on technological innovation and the marketplace acceptance of new and existing products; fluctuations in commodity prices and raw material costs; our dependence on significant customers; issues and costs arising from the integration of acquired companies and businesses such as the PTS acquisition, including the timing and impact of purchase accounting adjustments; unanticipated costs or expenses we may incur related to product warranty issues; our dependence on key suppliers and the potential effects of supply disruptions; infringement of our intellectual property by third parties, challenges to our intellectual property, and claims of infringement by us of third party technologies; product liability and other litigation, or the failure of our products to perform as anticipated, particularly in high volume applications; economic changes in global markets where we do business, such as reduced demand for the products we sell, currency exchange rates, inflation rates, interest rates, recession, foreign government policies and other external factors that we cannot control; unanticipated liabilities of acquired businesses; affect on earnings of any significant impairment of goodwill or intangible assets; cyclical downturns affecting the global market for capital goods; difficulties associated with managing foreign operations; and other risks and uncertainties including but not limited to those described in Item 1A-Risk Factors of the Company’s Annual Report on Form 10-K filed on March 2, 2016 and from time to time in our reports filed with U.S. Securities and Exchange Commission. All subsequent written and oral forward-looking statements attributable to us or to persons acting on our behalf are expressly qualified in their entirety by the applicable cautionary statements. The forward-looking statements included in this presentation are made only as of their respective dates, and we undertake no obligation to update these statements to reflect subsequent events or circumstances. p 2

Non-GAAP Financial Measures p 3 We prepare financial statements in accordance with accounting principles generally accepted in the United States (“GAAP”). We also periodically disclose certain financial measures in our quarterly earnings releases, on investor conference calls, and in investor presentations and similar events that may be considered “non-GAAP” financial measures. We believe that these non-GAAP financial measures are useful measures for providing investors with additional information regarding our results of operations and for helping investors understand and compare our operating results across accounting periods and compared to our peers. In addition, since our management often uses these non-GAAP financial measures to manage and evaluate our business, make operating decisions, and forecast our future results, we believe disclosing these measures helps investors evaluate our business in the same manner as management. This additional information is not meant to be considered in isolation or as a substitute for our results of operations prepared and presented in accordance with GAAP. In this earnings release, we disclose the following non-GAAP financial measures, and we reconcile these measures in the tables below to the most directly comparable GAAP financial measures: adjusted diluted earnings per share (both historical and projected), adjusted operating profit, adjusted operating profit margin, free cash flow, and free cash flow as a percentage of net income. In addition to these non-GAAP measures, we also use the term “organic sales” to refer to GAAP sales from existing operations excluding sales from acquired businesses recorded prior to the first anniversary of the acquisition less the amount of sales attributable to any divested businesses (“acquisition sales”), and the impact of foreign currency translation. The impact of foreign currency translation is determined by translating the respective period’s sales (excluding acquisition sales) using the same currency exchange rates that were in effect during the prior year periods. We use the term “organic sales growth” to refer to the increase in our sales between periods that is attributable to organic sales. We use the term “acquisition growth” to refer to the increase in our sales between periods that is attributable to acquisition sales.

Agenda Opening Comments Mark Gliebe Financial Update Chuck Hinrichs Segment Update Jon Schlemmer Summary Mark Gliebe Q&A All p 4

Opening Comments 1st Quarter Results 1st Quarter Sales Headwinds > Oil & Gas and Power Generation End Markets > North America/China Industrial End Markets > Middle East HVAC and North American Resi HVAC and Water Heater Markets > Contractual Two-Way Material Price Formulas p 5 $912 $818 $36 ($12) Prior Year FX Acquisition Organic Current Year ($118) ($40) Oil & Gas / Power Gen ($40) NA/China Industrial ($25) Resi HVAC/Water Heater ($12) Two-Way MPFs

$89 $71 ($37) ($2) Prior Year Volume Cost Savings Price/Material Acquisition FX Current Year Opening Comments 1st Quarter Results 1st Quarter Adjusted Operating Profit* > Volume Driving Op Profit Reduction > Oil & Gas and Power Gen Businesses ~40% of Op Profit Volume Decline > Simplification/Cost Savings Partially Offsetting Decline * Non-GAAP Financial Measurement, See Appendix for Reconciliation p 6 1Q Margin Decline Mostly Attributed to Oil & Gas and Power Gen Oil & Gas Power Gen $3 $3 $15

> Accelerated Simplification and Cost Savings Plans  Numerous Simplification Programs Underway  Aggressively Right-sizing our Oil & Gas Businesses  Reducing SG&A Costs > Portfolio Update  Agreed to Sell Non-Core Mastergear Business with $22 Million in Sales  Exited $20 Million in Sales of Low Margin Business  Total of ~$65 Million in Sales of Exited Businesses Since 2014 Investor Day  Purchased Remaining Shares from European JV Partner in Commercial Refrigeration Space > Cash  Improved Cash Cycle by 8 Days and Reduced Inventory $18 Million  Delivered 104% Free Cash Flow* to Net Income  Paid Down $17 Million in Debt Opening Comments 1st Quarter Results p 7 * Non-GAAP Financial Measurement, See Appendix for Reconciliation

> 2016 Outlook – Sales  Modest Improvement in Global Industrial Demand  Easier Comparisons in the Second Half Especially in Oil & Gas  More Typical Heating Season in the Second Half > Second Half – Operating Margin  Simplification and Synergies  Improved Mix in Climate Solutions Segment > Reducing SG&A, while Investing in Sales and Engineering Teams to Generate Long-Term Growth p 8 Simplification Initiative Positions Regal to Perform in Difficult Markets Looking Forward

> Sales of $818 Million, Down 10.3% – Net Acquisition Growth of 3.9% – Foreign Currency Translation of (1.3%) – Organic Sales of (12.9%) > Adjusted Operating Profit Margin* of 8.6%, Down 120 Basis Points from Prior Year > Lower Sales Volume Pressured Margins > Contribution of Simplification Initiative Benefits and Cost Controls Partially Offset Effect of Sales Volume Decline 1st Quarter 2016 Financial Results p 9 * Non-GAAP Financial Measurement, See Appendix for Reconciliation

1st Quarter 2016 Financial Results p 10 * Non-GAAP Financial Measurement, See Appendix for Reconciliation ADJUSTED DILUTED EARNINGS PER SHARE* Apr 2, 2016 Apr 4, 2015 Diluted Earnings Per Share 0.93$ 0.81$ Purchase Accounting and Transaction Costs - 0.36 Restructuring and Related Costs 0.02 0.02 Venezuelan Currency Devaluation - 0.02 Adjusted Diluted Earnings Per Share 0.95$ 1.21$ Three Months Ended

Acquisitions and Dispositions p 11 Acquisition > Remaining 45% of shares of European JV (Elco) > Paid $19 million > Sells energy efficient motor and blower systems into commercial refrigeration market > Closed January 2016 > JV results already consolidated > $0.03 increase to 2016 EPS (included in prior 2016 guidance) Disposition > Contract to sell Mastergear to Rotork plc > Sale price of $25 million > Signed April 28th – Expected to close 2Q > Sells valve gearboxes into industrial markets > Annual revenues of $22 million > $0.03 decrease to 2016 EPS (not included in prior 2016 guidance) Enabling Integration & Performance Improvement Exiting Non-Core Businesses

Capital Expenditures > $15 Million in 1Q 2016 > $85 Million Expected in FY 2016 Effective Tax Rate (ETR) Balance Sheet at April 2, 2016 > Total Debt of $1,675 Million > Net Debt of $1,426 Million > 1Q 2016 Debt Reduction of $17 Million > Reduced Total Debt by $230 Million Since the PTS Acquisition 1st Quarter 2016 Key Financial Metrics Free Cash Flow* > $43 Million in 1Q 2016 > 104% of Net Income in 1Q 2016 > Improved Working Capital p 12 > 23% ETR in 1Q 2016 > Expect 23% ETR for FY 2016 * Non-GAAP Financial Measurement, See Appendix for Reconciliation

2016 Full Year Guidance > 2H Expected to be Stronger than 1H > FX Estimated to Be a 1%-2% Headwind on 2016 Sales > 2016 Restructuring and Related Expenses Estimated at $14 Million > Full Year 2016 GAAP EPS Guidance of $4.38 to $4.78 > Full Year 2016 Adjusted EPS* Guidance of $4.40 to $4.80  Addition of Restructuring and Related Expenses of $0.20  Subtraction of Estimated Gain on Sale of Mastergear of $0.18 p 13 * Non-GAAP Financial Measurement, See Appendix for Reconciliation

$456 $378 ($9) ($69) Prior Year FX Organic Current Year O&G / Power Industrial MPF / Price Resi Pool Data Centers Commercial & Industrial Systems p 14 * Non-GAAP Financial Measurement, See Appendix for Reconciliation (millions) Oil & Gas Drove ~75% of Operating Margin Decline ($30) ($30) ($5) 1Q Sales Versus Prior Year Adj. Operating Margin* 5.8% > Down 220 Basis Points from Prior Year > Oil & Gas Volume Drove ~170 Basis Points of the Margin Decrease > Simplification and Cost Savings Helped to Offset the Volume Decline > Additional Cost Reductions Under Way

$280 $240 ($3) ($37) Prior Year FX Organic Current Year Middle East Mkt NA HVAC/Water Mkt MPF / Price Climate Solutions p 15 (millions) Simplification Helped Offset Margin Impact of Volume Decline 1Q Sales Versus Prior Year Adj. Operating Margin* 10.8% > Down 80 Basis Points from Prior Year > Simplification and Cost Savings Helped to Offset the Volume Decline > Additional Cost Reductions Under Way ($13) * Non-GAAP Financial Measurement, See Appendix for Reconciliation ($12) ($9)

Adj. Operating Margin* 11.5% > Up 10 Basis Points from Prior Year > Op Profit Benefited ~90 Basis Points from Finalization of Purchase Accounting > Mix, Synergy and Cost Saving Benefits Helped Offset the Volume Decline Power Transmission Solutions p 16 (millions) Synergies Helped Offset the Volume Decline 1Q Sales Versus Prior Year $175 $201 $36 ($0) Prior Year FX Acquisition Organic Current Year * Non-GAAP Financial Measurement, See Appendix for Reconciliation ($10) ($10) Oil & Gas ($6) Ag and Metals ($4) Distribution $7 Energy Food & Bev Mat Handling

2015 Actions > 6 Manufacturing Facilities Exited > 5 Warehouses Eliminated > 5 ERP Systems Converted > 4th of 5 Design Platforms Consolidated Staffing Restructuring Expenses* p 17 * Restructuring and Related Costs Simplification & Synergy Initiatives Jan '15 Mar '16 $13 $9 $14 2014 2015 2016e Benefits Carry into 2016 $13M Annual Benefit 2016 Actions Under Way > 8 Manufacturing Transitions > 7 Warehouses Consolidating to 2 > 80% on Common ERP Platform > 5th Design Platform Consolidation

1st Quarter Summary > Sales Impacted by:  Oil & Gas and Power Generation Markets  North American and China Industrial Markets > Margin Decline Mainly Driven by Oil & Gas and Power Generation > Weaker Volume Impact on Margin Partially Offset by Simplification > In Execution Mode on Simplification and Cost Savings Programs > Improved Working Capital Management Drove Free Cash Flow Performance Enabling Debt Reduction > Guidance Reflects Stronger Second Half  Simplification and Cost Savings – Especially Oil & Gas Impact  Normal Heating Season and Improved Mix in Climate Solutions  Modest Global Industrial Improvement as De-stocking Slows p 18

Questions and Answers p 19

p 20 Appendix Non-GAAP Reconciliations ADJUSTED DILUTED EARNINGS PER SHARE Apr 2, 2016 Apr 4, 2015 Diluted Earnings Per Share 0.93$ 0.81$ Purchase Accounting and Transaction Costs —$ 0.36$ Restructuring and Related Costs 0.02$ 0.02$ Venezuelan Currency Devaluation —$ 0.02$ Adjusted Diluted Earnings Per Share 0.95$ 1.21$ Three Months Ended

p 21 Appendix Non-GAAP Reconciliations RECONCILIATION OF 2016 ADJUSTED ANNUAL GUIDANCE Minimum Maximum 2016 EPS Annual Guidance 4.38$ 4.78$ Restructuring and Related Costs 0.20 0.20 Gain on Sale of Business (0.18) (0.18) 2016 Adjusted EPS Annual Guidance 4.40$ 4.80$

p 22 Appendix Non-GAAP Reconciliations ADJUSTED OPERATING INCOME Apr 2, 2016 Apr 4, 2015 Apr 2, 2016 Apr 4, 2015 Apr 2, 2016 Apr 4, 2015 Apr 2, 2016 Apr 4, 2015 Income from Operations 21.7 33.3 24.6 33.4 23.0 (3.1) 69.3 63.6 Purchase Accounting and Transaction Costs — — — — — 22.7 — 22.7 Restructuring nd Related Costs 0.1 1.9 1.3 (1.0) — 0.3 1.4 1.2 Venezuelan Currency Devaluation — 1.5 — — — — — 1.5 Adjusted Income from Operations 21.8$ 36.7$ 25.9$ 32.4$ 23.0$ 19.9$ 70.7$ 89.0$ GAAP Operating Margin % 5.7 % 7.3 % 10.3 % 11.9 % 11.5 % (1.8)% 8.5 % 7.0 % Adjusted Operating Margin % 5.8 % 8.0 % 10.8 % 11.6 % 11.5 % 11.4 % 8.6 % 9.8 % Total Regal Three Months Ended Commercial & Industrial Systems Climate Solutions Power Transmission Solutions

p 23 Appendix Non-GAAP Reconciliations FREE CASH FLOW RECONCILIATION Apr 2, 2016 Apr 4, 2015 Net Cash rovided by Operating Activities 58.2 17.5$ Additions to Property Plant and Equipment (14.9) (21.2) Free Cash Flow 43.3$ (3.7)$ Free Cash Flow as a Percentage of Net Income Attributable to Regal Beloit Corporation 104.1 % Three Months Ended

p 24 Appendix Non-GAAP Reconciliations ORGANIC GROWTH Three Months Ended Apr 2, 2016 Net Sales 818.2$ Net Sales from Businesses Acquired (35.9) Impact from Foreign Currency Exchange Rates 11.9 Adjusted Net Sales 794.2$ Net Sales Three Months Ended April 4, 2015 911.7$ Organic Growth % (12.9)%

Appendix Regal Shipping Days p 25 1Q 2Q 3Q 4Q FY 2014 63 63 63 64 253 2015 64 63 64 59 250 2016 64 64 63 60 251 > Regal operates on a 52/53 week fiscal year ending on the Saturday closest to December 31 > Fiscal Years 2015 and 2016 have 52 weeks > Fiscal Year 2014 had 53 weeks