Baldor Electric Company Updates 2nd Quarter 2010 Sales Guidance

FORT SMITH, Ark., June 3 /PRNewswire-FirstCall/ -- Baldor Electric Company (NYSE: BEZ) markets, designs, and manufactures industrial electric motors, mechanical power transmission products, drives, and generators and is based in Fort Smith, Arkansas.  

Today, members of Baldor's management team are visiting with investors at the KeyBanc Industrial Conference in Boston and have updated sales guidance for 2nd quarter 2010.  Due to continued strength in incoming orders for all products, Baldor now believes sales for 2nd quarter will be in the range of $435 to $445 million.  This is an increase from the previous guidance of $415 to $430 million provided on April 28, 2010.  At these higher levels of sales, Baldor believes the operating margin will be slightly better than the peak quarterly operating margin of 14.2%.

Baldor expects to release 2nd quarter 2010 earnings results on Thursday, July 29, 2010, after the market closes.

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SOURCE Baldor Electric Company