The 2020 Mid-Year Economic Update_long

Regal Beloit Sales Up 10.4% in 2Q

Year-to-date sales up 11.6 percent year-over-year.

Manufacturer Regal Beloit Corp. (NYSE: RBC), Beloit, WI, reported sales for the second quarter of $959.7 million, up 10.4 percent from the prior-year quarter. Profit increased 23.9 percent to $67.3 million.

In the quarter, power transmission solutions sales were up 11.6 percent year-over-year, commercial and industrial systems sales increased 15.1 percent and climate solutions sales were up 2.4 percent.  

Year-to-date sales increased 8.9 percent to $1.8 billion. Profit increased 24.2 percent to $126.6 million.

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