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Regal Beloit Fourth Quarter Sales Down 16.3%

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https://www.mdm.com/articles/40763-regal-beloit-fourth-quarter-sales-down-163

Manufacturer Regal Beloit Corp. (NYSE: RBC), Beloit, Wisconsin, reported sales for 2019 of $3.2 billion, compared to $3.6 billion from the previous year. Profit was $238.9 million, compared to $231.2 million a year ago.

Sales for the fourth quarter were $738.2 million, down 16.3% compared to the same period a year ago. The company profit of $36.7 million for the quarter, compared to $55.6 million in the prior-year quarter.

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