BELOIT, Wis. (AP) — BELOIT, Wis. (AP) — Regal Beloit Corp. (RRX) on Monday reported earnings of $32.1 million in its second quarter.
The Beloit, Wisconsin-based company said it had net income of 48 cents per share. Earnings, adjusted for non-recurring costs, came to $2.56 per share.
The maker of controls for electric motors posted revenue of $1.77 billion in the period.
Regal Beloit expects full-year earnings in the range of $10.20 to $10.60 per share.
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