Company profile

Ticker
RBC
Exchange
CEO
Louis V. Pinkham
Employees
Incorporated in
Location
Fiscal year end
Industry (SEC)
SEC CIK
IRS number
390875718

RBC stock data

(
)

Calendar

7 May 20
10 Jul 20
2 Jan 21

News

Company financial data Financial data

Quarter (USD) Mar 20 Dec 19 Sep 19 Jun 19
Revenue 734.2M 738.2M 772.3M 873.7M
Net income 46.7M 37.6M 50.8M 67.4M
Diluted EPS 1.12 0.89 1.19 1.55
Net profit margin 6.36% 5.09% 6.58% 7.71%
Operating income 70M 61.7M 72.8M 96M
Net change in cash 273.1M 38.4M 1.7M 27M
Cash on hand 604.5M 331.4M 293M 291.3M
Cost of revenue 530.9M 548M 570.4M 639.7M
Annual (USD) Jan 16 Jan 15 Jan 11
Revenue 3.51B 3.26B 2.24B
Net income 148.5M 36.1M 154.68M
Diluted EPS 3.18 0.69 3.84
Net profit margin 4.23% 1.11% 6.91%
Operating income 252.8M 121.5M 237.74M
Net change in cash -81.2M 159.6M
Cash on hand 252.9M 334.1M 174.5M
Cost of revenue 2.58B 2.46B 1.69B

Financial data from company earnings reports

Date Owner Security Transaction Code 10b5-1 $Price #Shares $Value #Remaining
2 Jul 20 Avampato John Common Stock Discretionary Dispose I Yes 86.15 1,724.646 148.58K 0
10 May 20 Morton Jerrald R Common Stock Payment of exercise Dispose F No 75.68 368 27.85K 6,983
10 May 20 Morton Jerrald R Common Stock Grant Aquire A No 0 345 0 7,351
10 May 20 Avampato John Common Stock Payment of exercise Dispose F No 75.68 506 38.29K 11,187
10 May 20 Avampato John Common Stock Grant Aquire A No 0 470 0 11,693
10 May 20 Valentyn Thomas E Common Stock Payment of exercise Dispose F No 75.68 908 68.72K 11,575
10 May 20 Valentyn Thomas E Common Stock Grant Aquire A No 0 783 0 12,483
10 May 20 Rehard Robert Common Stock Payment of exercise Dispose F No 75.68 257 19.45K 11,330
10 May 20 Rehard Robert Common Stock Grant Aquire A No 0 221 0 11,587
94.5% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 239 269 -11.2%
Opened positions 29 41 -29.3%
Closed positions 59 27 +118.5%
Increased positions 69 77 -10.4%
Reduced positions 103 109 -5.5%
13F shares
Current Prev Q Change
Total value 15.01B 21.88B -31.4%
Total shares 38.28M 38.25M +0.1%
Total puts 25.2K 0 NEW
Total calls 31.9K 4.3K +641.9%
Total put/call ratio 0.8
Largest owners
Shares Value Change
FMR 4.39M $276.38M +21.2%
Vanguard 4.21M $265.13M +3.1%
BLK BlackRock 3.73M $234.77M -12.9%
Dimensional Fund Advisors 2.95M $185.75M +0.3%
LSV Asset Management 1.5M $94.73M -6.5%
BEN Franklin Resources 1.45M $91.46M +1.9%
Massachusetts Financial Services 1.39M $87.64M +0.6%
Alliancebernstein 1.2M $75.56M +19.8%
Aqr Capital Management 1.07M $64.65M -8.1%
STT State Street 1.02M $64.66M +2.4%
Largest transactions
Shares Bought/sold Change
FMR 4.39M +767.48K +21.2%
Citadel Advisors 834.83K +759.28K +1005.1%
Norges Bank 0 -632.87K EXIT
BLK BlackRock 3.73M -551.15K -12.9%
Millennium Management 0 -279.12K EXIT
Alliancebernstein 1.2M +198.26K +19.8%
ProShare Advisors 173.26K +169.59K +4628.6%
Segall Bryant & Hamill 459.38K +161.85K +54.4%
Ensign Peak Advisors 263.05K +151.3K +135.4%
Bank Julius Baer & Co. Ltd, Zurich 149.75K +149.75K NEW

Financial report summary

?
Competition
CumminsToshibaABBNidec
Risks
  • We expect to incur costs and charges as a result of restructuring activities such as facilities and operations consolidations and workforce reductions that we expect will reduce on-going costs, and those restructuring activities also may be disruptive to our business and may not result in anticipated cost savings.
  • We operate in the highly competitive global electric motors and controls, power generation and power transmission industries.
  • Our ability to establish, grow and maintain customer relationships depends in part on our ability to develop new products and product enhancements based on technological innovation, such as IoT, and marketplace acceptance of new and existing products, including products related to technology not yet adopted or utilized in certain geographic locations in which we do business.
  • Our dependence on, and the price of, raw materials may adversely affect our gross margins.
  • In each of our Climate Solutions and Commercial Systems segments, we depend on revenues from several significant customers, and any loss, cancellation or reduction of, or delay in, purchases by these customers may have a material adverse effect on our business.
  • We manufacture a significant portion of our products outside the US, and political, societal or economic instability or public health crises may present additional risks to our business.
  • Goodwill and an indefinite-lived trade name intangible comprise a significant portion of our total assets, and if we determine that goodwill and the indefinite-lived trade name intangible have become impaired in the future, our results of operations and financial condition in such years may be materially and adversely affected.
  • Portions of our total sales come directly from customers in key markets and industries. A significant or prolonged decline or disruption in one of those markets or industries could result in lower capital expenditures by such customers, which could have a material adverse effect on our results of operations and financial condition.
  • We sell certain products for high volume applications, and any failure of those products to perform as anticipated could result in significant liability and expenses that may adversely affect our business and results of operations.
  • We are subject to litigation, including product liability and warranty claims that may adversely affect our financial condition and results of operations.
  • Our business may not generate cash flow from operations in an amount sufficient to enable us to service our indebtedness or to fund our other liquidity needs, we could become increasingly vulnerable to general adverse economic and industry conditions and interest rate trends, and our ability to obtain future financing may be limited.
  • Changes in the method of determining LIBOR, or the replacement of LIBOR with an alternative reference rate, may adversely affect interest expense related to our outstanding debt.
  • We depend on certain key suppliers, and any loss of those suppliers or their failure to meet commitments may adversely affect our business and results of operations.
  • We may encounter difficulties in integrating the operations of acquired businesses which may have a material adverse impact on our future growth and operating performance.
  • We may be adversely impacted by an inability to identify and complete acquisitions.
  • Infringement of our intellectual property by third parties may harm our competitive position, and we may incur significant costs associated with the protection and preservation of our intellectual property.
  • Third parties may claim that we are infringing their intellectual property rights and we could incur significant costs and expenses or be prevented from selling certain products.
  • We may suffer losses as a result of foreign currency fluctuations.
  • Businesses that we have acquired or that we may acquire in the future may have liabilities which are not known to us.
  • Commodity, currency and interest rate hedging activities may adversely impact our financial performance as a result of changes in global commodity prices, interest rates and currency rates.
  • We may incur costs or suffer reputational damage due to improper conduct of our associates, agents or business partners.
  • Sales of products incorporated into HVAC systems and other residential applications are seasonal and affected by the weather; mild or cooler weather could have an adverse effect on our operating performance.
  • Divestitures of some of our businesses or product lines may have a material adverse effect on our results of operations, financial position and cash flows.
  • Our success is highly dependent on qualified and sufficient staffing. Our failure to attract or retain qualified personnel, including our senior management team, could lead to a loss of revenue or profitability.
  • Our operations are highly dependent on information technology infrastructure, and failures, attacks or breaches could significantly affect our business.
  • Worldwide economic conditions may adversely affect our industry, business and results of operations.
  • We may be adversely affected by environmental, health and safety laws and regulations.
  • Our operations can be negatively impacted by natural disasters, terrorism, acts of war, international conflict, political and governmental actions which could harm our business.
  • We are subject to changes in legislative, regulatory and legal developments involving income and other taxes.
  • We are subject to tax laws and regulations in many jurisdictions and the inability to successfully defend claims from taxing authorities related to our current and/or acquired businesses could adversely affect our operating results and financial position.
  • Our stock may be subject to significant fluctuations and volatility.
Management Discussion
  • ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
  • Unless the context requires otherwise, references in this Item 2 to “we,” “us,” “our” or the “Company” refer collectively to Regal Beloit Corporation and its subsidiaries.
  • Regal Beloit Corporation (NYSE: RBC), based in Beloit, Wisconsin (USA), is a leading manufacturer of electric motors, electrical motion controls, power generation and power transmission products serving markets throughout the world.
Content analysis ?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Avg
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Removed: acquire, adjustment, African, American, applied, billion, carryforward, closure, Comparative, consolidation, core, customary, designation, divested, Emerson, entering, entity, exiting, filing, finalization, forma, Gebhardt, identification, industry, investment, issuing, joint, leader, lessee, medium, minimum, mix, negotiated, NG, Nicotra, North, notification, opening, package, partner, positive, pricing, principle, privately, pro, qualifying, receivable, recognizing, recording, relationship, retrospectively, selective, simplify, South, supplemental, target, transition, treatment, venture, warehouse, wind

Patents

APP
Utility
Motor Controller for Electric Blowers
9 Jul 20
A motor controller for an electric motor for driving a blower to generate an airflow.
GRANT
Utility
Furnace air handler blower assembly utilizing a motor connected to an impeller fan that is suspended with mounting arms
30 Jun 20
A blower assembly having a blower housing, an impeller fan within the blower housing, the impeller fan being adapted for rotation about an axis and having a plurality of impeller blades and having an axial length, a motor having a stator and a rotor, the motor having an axial length, the rotor being configured to rotate relative to the stator for rotation about the axis, the rotor and the impeller fan being coupled so that the impeller fan rotates with the rotor about the axis, wherein a ratio of the axial length of the motor to the axial length of the impeller fan is less than 0.3, and a motor support bracket operatively securing the stator to one of the first and second side walls of the blower housing.
GRANT
Utility
Motor controller for electric blowers
30 Jun 20
A motor controller for an electric motor for driving a blower to generate an airflow.
GRANT
Utility
Motor assembly with integrated on/off detection with speed profile operation
30 Jun 20
A motor assembly configured to receive an external alternating voltage.
GRANT
Utility
Motor controller and method for assembling the same
23 Jun 20
A method of encapsulating a printed circuit board of a motor controller with a potting material includes inserting the printed circuit board into a recess formed in a base portion of an encapsulation assembly such that a bottom surface of the printed circuit board is spaced from a surface of the recess.