Benzinga | May 3, 2021 05:05PM EDT

Regal Beloit: Q1 Earnings Insights

Shares of Regal Beloit (NYSE:RBC) flat in after-market trading after the company reported Q1 results.

Quarterly Results

Earnings per share rose 51.15% year over year to $1.98, which beat the estimate of $1.71.

Revenue of $814,100,000 up by 10.88% year over year, which beat the estimate of $784,930,000.

Looking Ahead

Q2 EPS expected between $1.85 and $2.05.

Technicals

52-week high: $159.64

52-week low: $63.44

Price action over last quarter: Up 11.62%

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.