On slide 2, we mentioned we’re presenting certain non-GAAP financial measures related to adjusted diluted earnings per share, adjusted gross profit, adjusted gross profit as a percentage of net sales and free cash flow. We believe that these are useful financial measures for providing you with additional insight into our operating performance. Please read this slide for information regarding these non-GAAP financial measures and please see the appendix where you can find reconciliation of these measures to the most comparable measures in accordance with GAAP.
Now, I'll turn the call over to Mark.
Mark Joseph Gliebe
Welcome and good morning everyone, and thank you for joining the call and for your interest in REGAL-BELOIT. We will follow our normal agenda. I will make some opening comments, Chuck will give you the financial update, Jon Schlemmer will provide you color on products, markets, and operations. I’ll summarize our prepared comments, we will move to Q&A and then I’ll give a few closing comments.Overall we felt good about our operating performance for the fourth quarter as our results exceeded our guidance. Chuck will go over the details of why our performance exceeded our expectations, but the bottom line from an operating perspective is that EPC along with a number of our other businesses performed well in the quarter offsetting weakness in HVAC in China. With regards to the EPC acquisition, we are now deep into the integration process working on mining synergies while rationalizing productions and platforms and we continue on the track to meet or exceed our expectations. As you know, this is the largest acquisition in the company’s history and the integration continues to go well. In terms of our operating performance during the quarter, we achieved record fourth quarter revenues and record fourth quarter free cash flow. Our C&I, Mechanical, Unico and EPC businesses performed well in the quarter offsetting headwinds in our HVAC and China businesses.
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