Regal Beloit Corp. (RBC) reported that its fourth quarter net income attributable to the company was $34.7 million, up from $20.6 million reported in the comparable period of 2008. Earnings per share were $0.90 as compared to $0.63 per share reported in the fourth quarter of 2008. Income from operations was $53.5 million, compared to $39.6 million in the comparable period of 2008.
Net sales of $463.3 million decreased 4.1% as compared to the $483.0 million reported for the fourth quarter of 2008. Diluted earnings per share were $0.90 as compared to $0.63 for the fourth quarter of 2008.
Analysts polled by Thomson Reuters expected the company to report earnings of $0.64 per share on revenues of $434.61 million for the quarter. Analysts' estimates typically exclude special items.
The company expects first quarter earnings to be in the range of $0.76 to $0.84. Analysts expect the company to report earnings of $0.62 per share.
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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.