The 2020 Mid-Year Economic Update_long

Regal Beloit Sales Up 5.2% in 2014

Fourth quarter sales increased 6.6 percent year-over-year.

Manufacturer Regal Beloit Corp. (NYSE: RBC), Beloit, WI, reported full year sales for 2014 of $3.3 billion, an increase of 5.2 percent from the previous year. The company reported a profit of $36.1 million, compared to $126 million a year ago.

Sales for the fourth quarter were $775.6 million, a 6.6 percent increase over the same period a year ago. The company reported a loss of $115.8 million for the quarter, compared to a loss of $32.8 million from the prior-year quarter.

In the fourth quarter, power transmission sales were up 13 percent year-over-year to $68 million, driven by strength in North America partially offset by weakness in EMEA. 

Commercial and industrial systems sales increased 5 percent to $451 million. North American motor sales grew mid-single digits but were offset by weakness in oil and gas and Asia Pacific.  

"Recent changes in the global environment resulting from rapidly declining oil prices led us to further reduce our exposure in Venezuela, clouding what was otherwise a quarter operationally in line with our guidance," said CEO Mark Gliebe. "At the end of the year, we announced the transformational acquisition of Emerson's PTS business which will significantly contribute to 2015 earnings."

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.

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

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

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.