Regal Beloit Corporation Announces Second Quarter 2020 Financial Results

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 10/23/2026

1. RNG
2. DECK
3. WDC
4. BYD
5. SPOT
6. WCN
7. BMY
8. TSCO
9. BE
10. SPY

Go back to Regal Beloit Corporation Announces Second Quarter 2020 Financial Results

Regal-Beloit (RBC) Tops Q2 EPS by 28c, Revenues Miss

August 3, 2020 4:30 PM EDT

Regal-Beloit (NYSE: RBC) reported Q2 EPS of $0.95, $0.28 better than the analyst estimate of $0.67. Revenue for the quarter came in at $634.1 million versus the consensus estimate of $645.75 million.

Key financial results for the second quarter 2020 included:

Total net sales of $634.1 decreased 27.4% from the prior year. Excluding the negative impacts of 1.2% from foreign currency and 1.5% from businesses to be divested/exited, sales declined 24.7% on an organic basis.Income from operations was $45.9 million or 7.2% of net sales. Adjusted income from operations declined $34.3 million from a year... More