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Manufacturer Regal Beloit Corp. (NYSE: RBC), Beloit, WI, reported sales for 2015 of $3.5 billion, an increase of 7.8 percent from the previous year. Profit was $143.3 million, compared to $31 million a year ago.
Sales for the fourth quarter were $773.5 million, flat compared to the same period a year ago. The company reported a loss of $19.3 million for the quarter, compared to a loss of $116.5 million in the prior-year quarter.
In the fourth quarter, power transmission sales were up 182 percent year-over-year to $193 million, driven primarily by acquisition growth.
Commercial and industrial systems sales decreased 18 percent to $371 million, and climate solutions sales also decreased 18 percent to $210 million.