Baldor Electric Co (BEZ) reported third-quarter net income of $12.592 million compared to $25.810 million last year. Earnings per share decreased to $0.27 from $0.55 prior year.
Net earnings per share excluding gain on debt modification was $0.27 compared to $0.55 last year.
On average, 9 analysts polled by Thomson Reuters expected the company to report profit of $0.28 per share for the quarter. Analysts' estimates typically exclude special items.
Net sales decreased to $380.448 million from $506.154 million last year. Analysts expected revenue of $403.54 million for the 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.