Shares of Regal Beloit RBC decreased 0.1% in pre-market trading after the company reported Q4 results.
Quarterly Results
Earnings per share were up 42.40% year over year to $1.78, which beat the estimate of $1.59.
Revenue of $780,500,000 up by 5.73% year over year, which beat the estimate of $739,460,000.
Looking Ahead
Q1 EPS expected between $1.55 and $1.75.
Revenue guidance hasn't been issued by the company for now.
Recent Stock Performance
Company's 52-week high was at $146.97
Company's 52-week low was at $51.99
Price action over last quarter: Up 30.87%
Company Profile
Regal Beloit Corp manufactures electric motors, electrical motion controls, and power generation products. It offers heavy motors with several applications, including categories with variable speed controls and voltage to diversify its product line. Products for the heating, ventilation, and air conditioning market can be vital to move air at the designated temperature. The company has four operating segments: commercial, industrial systems (which contributes the majority of total sales), climate solutions, and power transmission solutions. Original-equipment manufacturers and users of motion control and industrial applications tend to combine the types of motors, controls, and power transmission products offered by Regal Beloit. The majority of sales are derived from the US.
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