Regal Beloit Corp., Beloit, WI, reported sales for 2007 were up 11.3% to $1.8 billion, including $129.7 million from acquired businesses. Profit was $118.3 million, a 7.8% increase.
For the fourth quarter ended Dec. 29, 2007, sales were $474.7 million from $366.6 million in the same period in 2006.
In the Electrical segment, sales increased 32.9% during the fourth quarter. Included in the results for the quarter were $101.4 million of sales attributable to acquired businesses Fasco, Jakel, Alstom and Morrill.
Sales in the HVAC business, which continued to be impacted by the challenging conditions of the residential HVAC end market, decreased 8.5% from the fourth quarter of 2006.
Sales of generators increased 13.5%, paced by a 27.3% growth in the company's China generator business. Sales of commercial and industrial motors increased 3.1%, reflecting strength in the demand for industrial products, dampened by lighter demand for some commercial products. Sales in the Mechanical segment increased 5.7% versus the comparable period of 2006.
Profit in the fourth quarter of 2007 was $24 million as compared to the $23 million reported in fourth quarter 2006.