Regal Beloit Corporation Announces Record Second Quarter 2021 Financial Results
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 9/20/2026
- S&P 500, Nasdaq advance, turning the page on a tumultuous week
- Oil slides after China asks Iran to limit Houthi attacks on Saudi oil facilities
- Warren Buffett transitions to Berkshire’s chairman emeritus
- Is the S&P 500 in an "earnings bubble"? Goldman weighs in
- Wells Fargo cuts Netflix rating on engagement risk, weak slate
- S&P 500, Nasdaq advance, turning the page on a tumultuous week
- Anthropic and Accenture partner on embedded AI safety evaluation
- Wells Fargo Downgrades Netflix (NFLX) to Underweight on Engagement Risks, 'We see tougher choices ahead'
- Wells Fargo cuts Netflix rating on engagement risk, weak slate
- Is the S&P 500 in an "earnings bubble"? Goldman weighs in
Regal-Beloit (RBC) Tops Q2 EPS by 24c; Raises Outlook
July 28, 2021 4:51 PM EDTRegal-Beloit (NYSE: RBC) reported Q2 EPS of $2.28, $0.24 better than the analyst estimate of $2.04. Revenue for the quarter came in at $886.9 million versus the consensus estimate of $824.59 million.
CEO Louis Pinkham commented, "Regal's performance in Q2 was very strong setting a record for operating margin two quarters in a row and exceeding our expectations with organic sales growth YOY approaching 40% and up low-single digits compared to 2019. This drove adjusted operating margin expansion of nearly 500 basis points versus prior year to a record 14.0%, resulting in adjusted... More
