Let me provide additional color on our financial performance. In the upper left quadrant, we summarized our capital expenditures for the second quarter of 2012 and our guidance for the full-year 2012, which includes $25 million for the relocation of three of our factories in China. Jon will comment on these projects later.In the upper right quadrant, we summarized our effective income tax rate in the second quarter of 2012. We expect the ETR to be approximately 30% for the second half of 2012 driven by the estimated distribution of our global earnings.
Regal-Beloit's CEO Discusses Q2 2012 Results - Earnings Call Transcript
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