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Latest Beloit, Wisconsin Stories

2011-02-02 19:58:00

BELOIT, Wis., Feb. 2, 2011 /PRNewswire/ -- Regal Beloit Corporation (NYSE: RBC) today reported financial results for the fourth quarter and the fiscal year ended January 1, 2011. Net sales for the fourth quarter ended January 1, 2011 were $555.7 million, an increase of 20.0% compared to $463.3 million for the fourth quarter ended January 2, 2010. Diluted earnings per share for the fourth quarter 2010 were $0.65 compared to $0.90 for the fourth quarter 2009. For the full year 2010,...

2011-01-13 15:54:00

BELOIT, Wis., Jan. 13, 2011 /PRNewswire/ -- Regal Beloit Corporation (NYSE: RBC) announced today that it plans to release its fourth quarter 2010 financial results after the market closes on Wednesday, February 2, 2011. At 9:00 AM CT (10:00 AM ET) on Thursday, February 3, 2011, the Company will hold a conference call to discuss the earnings release. To listen to the call and view the presentation slides via the internet, please go to http://www.regalbeloit.com/ or at:...

2010-12-13 07:50:00

BELOIT, Wis., Dec. 13, 2010 /PRNewswire-FirstCall/ -- REGAL BELOIT CORPORATION (NYSE: RBC) today announced it has entered into an agreement to acquire 100% of the stock and assets of the Electrical Products Company ("EPC") from A.O. Smith Corporation (NYSE: AOS). EPC manufactures and sells a full line of motors for hermetic, pump, distribution, HVAC and general industrial applications. Total consideration for the transaction is approximately $875 million, including $700 million of cash and...

2010-12-13 07:30:00

MILWAUKEE, Dec. 13, 2010 /PRNewswire-FirstCall/ -- A. O. Smith Corporation (NYSE: AOS) announced today it has entered into a definitive agreement to sell its Electrical Products Company, an operating segment that is one of the largest manufacturers of electric motors for residential and commercial applications in North America, to Regal Beloit Corporation (NYSE: RBC) for approximately $875 million, comprised of $700 million in cash and approximately 2.83 million shares of Regal Beloit...

2010-12-01 19:33:00

BELOIT, Wis., Dec. 1, 2010 /PRNewswire-FirstCall/ -- In advance of the December 7, 2010 Investors and Analyst Conference in New York, Regal Beloit Corporation (NYSE: RBC) today revised its fourth quarter 2010 guidance to $0.63 - $0.67 per share. The revision was due to a slower than expected sales pace in the HVAC segment and acquisition-related expenses that will be expensed in the quarter. The company also announced today that it has signed an agreement to acquire Unico, Inc.,...

2010-12-01 16:31:00

BELOIT, Wis., Dec. 1, 2010 /PRNewswire-FirstCall/ -- Regal Beloit Corporation (NYSE: RBC) is hosting an Investors and Analysts Conference at the Millennium Broadway Hotel, 145 West 44th Street, Fourth Floor, New York, on December 7, 2010. The conference will begin with registration, a continental breakfast and a product showcase at 8:00 am ET, followed by a company presentation at 8:30 am, concluding roughly at 1:00 pm, with lunch following. Regal Beloit's management team will provide an...

2010-11-12 14:53:00

BELOIT, Wisc., Nov. 12, 2010 /PRNewswire/ -- Regal Beloit Corporation (NYSE: RBC) will be presenting at the Stephens Inc. Fall Investment Conference in New York, on November 16, 2010 at 1:00pm ET. The presentation will be web-cast and can be accessed at:http://www.wsw.com/webcast/stph15/rbc/ An archive of the audio web-cast will be available for 90 days following the presentation at the link referenced above or on the Company's investor relations home page at:...

2010-11-05 16:00:00

BELOIT, Wis., Nov. 5, 2010 /PRNewswire-FirstCall/ -- Regal Beloit Corporation (NYSE: RBC) will be presenting at the Baird's 40th Annual Industrial Conference in Chicago, on November 9, 2010 at 12:40pm CT. The presentation will be web-cast and can be accessed at: http://www.wsw.com/webcast/baird17/rbc An archive of the audio web-cast will be available for 90 days following the presentation at the link referenced above or on the Company's investor relations home page at:...

2010-11-01 16:38:00

BELOIT, Wis., Nov. 1, 2010 /PRNewswire-FirstCall/ -- Regal Beloit Corporation (NYSE: RBC) today announced that it has acquired 55% of Elco Group B.V. ("Elco"). Elco manufactures and sells motors, fans and blowers and has manufacturing facilities in Italy, China, and Brazil. Elco's management will continue to lead the company following the acquisition. The acquisition is expected to add approximately $10 million to sales and minimal impact to diluted earnings per share in the fourth...

2010-10-19 16:34:00

BELOIT, Wis., Oct. 19 /PRNewswire-FirstCall/ -- Regal Beloit Corporation (NYSE: RBC) announced today that it plans to release its 2010 third quarter financial results after the market closes on Monday, November 1, 2010. At 9:00 AM CT (10:00 AM ET) on Tuesday, November 2, 2010, the Company will hold a conference call to discuss the earnings release. To listen to the call via the internet, please go to http://www.regalbeloit.com/ or at: http://www.videonewswire.com/event.asp?id=73636....


Word of the Day
mallemaroking
  • Nautical, the visiting and carousing of sailors in the Greenland ships.
This word is apparently from a confusion of two similar Dutch words: 'mallemerok,' a foolish woman, and 'mallemok,' a name for some persons among the crew of a whaling vessel.