Regal Beloit CorporationRRX
▼ NegativeDemandrelevance
Revenue miss due to weak residential HVAC and pool markets, and timing delays in large project deliveries.
Impact on stocks 1
Robotics & Physical AI
Regal Beloit CorporationRegal Rexnord reported second-quarter revenue of $1.56 billion, missing analyst estimates of $1.58 billion and triggering a sharp selloff in the stock. Adjusted EPS came in at $2.99, beating estimates of $2.58, while adjusted EBITDA of $366.6 million also topped expectations. Management blamed the revenue shortfall on persistent weakness in residential HVAC and pool markets, along with timing delays in large project deliveries, particularly in the Industrial Powertrain Solutions segment. CEO Aamir Paul, on his first earnings call, highlighted strong order momentum and strength in data center, commercial HVAC, and discrete automation. The company reiterated its full-year adjusted EPS guidance of $10.60 at the midpoint.
Regal Beloit CorporationRevenue miss due to weak residential HVAC and pool markets, and timing delays in large project deliveries.