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 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.