The 2020 Mid-Year Economic Update_long

Regal Beloit Sales Up 3% in 1Q

Electrical sales up 3.6 percent in first quarter.

Manufacturer Regal Beloit Corp. (NYSE: RBC), Beloit, WI, reported sales for the first quarter of $801.2 million, up 3 percent from the prior-year quarter. Profit decreased 11.5 percent to $43.8 million.

"We had solid results in a number of our key businesses in the first quarter including North American HVAC, power generation, Europe and China," said Mark Gliebe, CEO.

Electrical sales were up 3.6 percent year-over-year, while mechanical segment sales were down 4.2 percent.

North American residential HVAC sales increased 5.3 percent, while North American commercial and industrial motor sales decreased 3.6 percent. Mechanical segment sales in North America decreased 6.7 percent, primarily related to lower sales to the natural gas fracturing end market.

First-quarter sales to regions outside the U.S. were flat year-over-year.

About the Author
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

By subscribing, you are agreeing to MDM’s Privacy Policy.

2

articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to mdm.com, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events

0

articles left

This is your last free article

Subscribe to MDM Premium today and get:

  • Unlimited access to MDM.com
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events

1

article
left

You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on mdm.com
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.