Regal Beloit Corp. (RBC) reported net income for the second quarter of $62.7 million or $1.49 per share, compared to $34.3 million or $0.88 per share for the year-ago quarter.
Excluding items, adjusted earnings for the the latest quarter were $1.50 per share, compared to $1.38 per share in the prior year quarter.
Net sales for the second quarter increased 26.7% to $863.9 million from $681.8 million from a year ago.
Analysts polled by Thomson Reuters expected the company to earn $1.45 per share on revenue of $891.43 million for the second quarter. Analysts' estimates typically exclude special items.
Including $0.10 of anticipated expense from restructuring activities, the company's earnings guidance for the third quarter is $1.22 to $1.30 per share. Excluding the $0.10 of restructuring expense, the company's adjusted earnings guidance is $1.32 to $1.40 per share. Analysts currently expect the company to earn $1.44 per share for the third quarter.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.