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Posted August 7, 2018

Regal Beloit sales increase 10.4 percent

Regal Beloit said its net sales of $959.7 million in the second quarter increased 10.4 percent from the prior year.


The results included a positive 1.3 percent impact from foreign currency translation and a positive 3.5 percent impact from acquisitions, net of divestitures. Organic sales grew by 5.7 percent.

Net income of $65.9 million, or $1.50 per diluted share, compared to income of $53 million, or $1.18, in the same period last year.

Commercial and Industrial Systems Segment net sales were $469.0 million, an increase of 15.1 percent. 

Climate Solutions Segment net sales were $277.3 million, an increase of 2.5 percent.

Power Transmission Solutions Segment net sales were $213.4 million, an increase of 11.6 percent. 

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