Regal Beloit Provides Fiscal Third Quarter Financial Guidance Update

BELOIT, Wis., Oct. 8 /PRNewswire-FirstCall/ -- Regal Beloit Corporation (NYSE:
RBC) today provided updated financial guidance for the fiscal third quarter
ended September 26, 2009. Revenue is expected to decline approximately 25% as
compared to the third quarter of 2008, which is consistent with the prior
guidance. Fully diluted earnings per share, however, are expected to be in
the range of $.80 to $.85 which is an increase from the prior expected range
of $.60 to $.68.

The improvement from the prior expectations is being driven by a lower
effective tax rate, lower raw material costs, the sales mix of energy
efficient products and cost reductions. The current guidance for the
effective tax rate is 27.0% as compared to the prior guidance of 30.0%. This
change is driven by the favorable resolution of several tax matters. The
reduction in the effective tax rate along with the favorability in raw
material costs for the quarter are temporary in nature and are not expected to
repeat in future quarters. The other favorable factors are more permanent in
nature. These include sales of energy efficient products which continue to
grow at an accelerated pace and the cost reductions.

Regal Beloit will be releasing third quarter financial results, followed by a
conference call, on November 2, 2009. The release will include more specific
information regarding the third quarter results as well as the Company's
outlook for the fourth quarter. At this time, the Company expects the fourth
quarter to reflect a sequential decrease in sales driven by the normal
seasonal patterns and, as stated above, a normalized tax rate and less
favorable raw material costs.

Regal Beloit Corporation is a leading manufacturer of mechanical and
electrical motion control and power generation products serving markets
throughout the world. Regal Beloit Corporation is headquartered in Beloit,
Wisconsin, and has manufacturing, sales, and service facilities throughout the
United States, Canada, Mexico, Europe and Asia.

CAUTIONARY STATEMENT

This Press Release 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:

-- economic changes in global markets where we do business, such as
reduced
demand for the products we sell, weakness in the housing and
commercial
real estate markets, currency exchange rates, inflation rates,
interest
rates, recession, foreign government policies and other external
factors
that we cannot control;
-- unanticipated fluctuations in commodity prices and raw material costs;
-- cyclical downturns affecting the global market for capital goods;
-- unexpected issues and costs arising from the integration of acquired
companies and businesses;
-- marketplace acceptance of new and existing products including the loss
of, or a decline in business from, any significant customers;
-- the impact of capital market transactions that we may effect;
-- the availability and effectiveness of our information technology
systems;
-- unanticipated costs associated with litigation matters;
-- actions taken by our competitors, including new product introductions
or
technological advances, and other events affecting our industry and
competitors;
-- difficulties in staffing and managing foreign operations;
-- other domestic and international economic and political factors
unrelated to our performance, such as the current substantial weakness
in economic and business conditions and the stock markets as a whole;
and

-- other risks and uncertainties described from time to time in our
reports
filed with the U.S. Securities and Exchange Commission, or SEC, which
are incorporated by reference.

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 press release are made only as of their respective dates, and
we undertake no obligation to update these statements to reflect subsequent
events or circumstances. See also Item 1A - Risk Factors in the Company's
Annual Report on Form 10-K filed on February 25, 2009.

SOURCE Regal Beloit Corporation

John Perino, Vice President, Investor Relations of Regal Beloit Corporation,
+1-608-361-7501