RBC Regal Beloit
Regal Beloit Corporation is a global leader in the engineering and manufacturing of electric motors and controls, power generation solutions, and power transmission products serving customers throughout the world. Regal creates a better tomorrow by developing and responsibly producing energy-efficient products and systems. The company is comprised of four operating segments: Commercial Systems, Industrial Systems, Climate Solutions, and Power Transmission Solutions. Regal is headquartered in Beloit, Wisconsin and has manufacturing, sales and service facilities worldwide.
Company profile
Ticker
RBC
Exchange
Website
CEO
Louis Pinkham
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
IRS number
390875718
RBC stock data
()
Press releases
SHAREHOLDER ALERT: WeissLaw LLP Reminds PRAH, TPCO, TLND, and RBC Shareholders About Its Ongoing Investigations
21 Apr 21
SHAREHOLDER ALERT: WeissLaw LLP Reminds PMBC, JCS, RBC, and CUB Shareholders About Its Ongoing Investigations
13 Apr 21
Regal Beloit Corporation to Hold First Quarter 2021 Earnings Conference Call on Tuesday, May 4, 2021
13 Apr 21
SHAREHOLDER ALERT: WeissLaw LLP Reminds JCS, RBC, and CUB Shareholders About Its Ongoing Investigations
6 Apr 21
SHAREHOLDER ALERT: WeissLaw LLP Reminds PMBC, JCS, RBC, and AEGN Shareholders About Its Ongoing Investigations
30 Mar 21
Calendar
2 Mar 21
21 Apr 21
2 Jan 22
Financial summary
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Annual (USD) |
Jan 21 | Dec 19 | Dec 18 | Dec 17 | |
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Financial data from company earnings reports.
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 Apr 21 | Pinkham Louis V. | Common Stock | Payment of exercise | Dispose F | No | No | 145.65 | 3,088 | 449.77K | 47,172 |
| 2 Mar 21 | Cheryl Lewis | Common Stock | Payment of exercise | Dispose F | No | No | 139.68 | 293 | 40.93K | 3,401 |
| 23 Feb 21 | Brown Scott Douglas | Common Stock | Grant | Aquire A | No | No | 0 | 1,203 | 0 | 9,964 |
| 23 Feb 21 | Brown Scott Douglas | Stock Appreciation Rights Common Stock | Grant | Aquire A | No | No | 140.22 | 4,508 | 632.11K | 4,508 |
| 23 Feb 21 | Rehard Robert | Common Stock | Grant | Aquire A | No | No | 0 | 2,362 | 0 | 13,356 |
| 23 Feb 21 | Rehard Robert | Stock Appreciation Rights Common Stock | Grant | Aquire A | No | No | 140.22 | 8,850 | 1.24M | 8,850 |
| 23 Feb 21 | Avampato John | Common Stock | Grant | Aquire A | No | No | 0 | 624 | 0 | 11,274 |
| 23 Feb 21 | Avampato John | Stock Appreciation Rights Common Stock | Grant | Aquire A | No | No | 140.22 | 2,338 | 327.83K | 2,338 |
Institutional ownership Q4 2020
Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.
96.2% owned by funds/institutions
13F holders |
Current |
|---|---|
| Total holders | 336 |
| Opened positions | 69 |
| Closed positions | 25 |
| Increased positions | 99 |
| Reduced positions | 132 |
13F shares |
Current |
|---|---|
| Total value | 4.8B |
| Total shares | 39.09M |
| Total puts | 42.7K |
| Total calls | 143.6K |
| Total put/call ratio | 0.3 |
Largest owners |
Shares | Value |
|---|---|---|
| FMR | 4.28M | $525.99M |
| Vanguard | 3.83M | $470.01M |
| BLK Blackrock | 3.36M | $413.11M |
| Dimensional Fund Advisors | 2.49M | $305.51M |
| Alliancebernstein | 2.21M | $271.74M |
| Massachusetts Financial Services | 1.25M | $153.89M |
| Thrivent Financial For Lutherans | 1.08M | $132.41M |
| STT State Street | 1M | $123.59M |
| Segall Bryant & Hamill | 894.25K | $109.82M |
| IVZ Invesco | 838.42K | $102.97M |
Financial report summary
?Risks
- 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.
- Our stock may be subject to significant fluctuations and volatility.
Management Discussion
- Net sales for fiscal 2020 were $2.9 billion, a 10.2% decrease as compared to fiscal 2019 net sales of $3.2 billion. The decrease consisted of negative organic sales of 8.4%, negative foreign currency translation of 0.4% and a negative 1.4% impact from the businesses divested/to be exited. Gross profit decreased $52.0 million or 6.0% as compared to the prior year. The decrease from the prior year was driven primarily due to lower sales volumes, partially offset by productivity improvements and simplification programs. Operating expenses were $512.9 million which was a $31.4 million decrease from fiscal 2019. The decrease was primarily driven by lower variable selling costs and lower employee related wage and benefit costs. The Company recognized goodwill and other asset impairments of $15.8 million, a $5.8 million increase from the prior year.
Content analysis
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| Negative | ||
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| Legalese | ||
| Litigous | ||
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H.S. sophomore Avg
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New words:
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Removed:
aging, automatic, avoid, aware, culture, delinquency, deployment, distraction, Dodge, exceed, excellence, favorable, fischer, forma, frame, harbor, initially, jane, language, Lean, model, monthly, negotiate, outsource, partner, percent, proper, qualifying, recovered, relate, renewable, repatriate, repatriated, satisfactory, Sigma, suitable, thereof, uncollectable, venture, Vontobel, warner
Financial reports
10-K
2020 FY
Annual report
2 Mar 21
10-Q
2020 Q3
Quarterly report
5 Nov 20
10-Q
2020 Q2
Quarterly report
6 Aug 20
10-Q
2020 Q1
Quarterly report
7 May 20
10-K
2019 FY
Annual report
26 Feb 20
10-Q
2019 Q3
Quarterly report
6 Nov 19
10-Q
2019 Q2
Quarterly report
8 Aug 19
10-Q
2019 Q1
Quarterly report
9 May 19
10-K
2018 FY
Annual report
26 Feb 19
10-Q
2018 Q3
Quarterly report
6 Nov 18
Current reports
8-K
Amendments to Articles of Incorporation or Bylaws
9 Apr 21
8-K
Entry into a Material Definitive Agreement
17 Mar 21
8-K
Entry into a Material Definitive Agreement
19 Feb 21
8-K
Regal to Combine with Rexnord’s PMC Segment, Creating World-class Power Transmission Provider
16 Feb 21
8-K
Regal Beloit Corporation Announces Fourth Quarter 2020 Financial Results
16 Feb 21
8-K
Regal Beloit Corporation Announces Third Quarter 2020 Financial Results
29 Oct 20
8-K
Regal Beloit Corporation Announces Second Quarter 2020 Financial Results
4 Aug 20
8-K
Temporary Suspension of Trading Under Registrant's Employee Benefit Plans
24 Jul 20
8-K
Regal Beloit Corporation Announces First Quarter 2020 Financial Results
5 May 20
8-K
Submission of Matters to a Vote of Security Holders
29 Apr 20
Registration and prospectus
425
Business combination disclosure
17 Mar 21
425
Business combination disclosure
19 Feb 21
425
Business combination disclosure
16 Feb 21
425
Business combination disclosure
16 Feb 21
425
Business combination disclosure
16 Feb 21
425
Business combination disclosure
16 Feb 21
425
Business combination disclosure
16 Feb 21
425
Business combination disclosure
16 Feb 21
425
Business combination disclosure
15 Feb 21
425
Business combination disclosure
15 Feb 21
Proxies
DEFA14A
Additional proxy soliciting materials
9 Apr 21
DEFA14A
Additional proxy soliciting materials
18 Mar 21
DEF 14A
Definitive proxy
18 Mar 21
DEFA14A
Additional proxy soliciting materials
24 Apr 20
DEFA14A
Additional proxy soliciting materials
16 Apr 20
DEFA14A
Additional proxy soliciting materials
19 Mar 20
DEF 14A
Definitive proxy
19 Mar 20
DEFA14A
Additional proxy soliciting materials
21 Mar 19
DEF 14A
Definitive proxy
21 Mar 19
DEFA14A
Additional proxy soliciting materials
25 Mar 18
Other
SD
Conflict minerals disclosure
29 May 20
SD
Conflict minerals disclosure
31 May 19
SD
Conflict minerals disclosure
1 Jun 18
SD
Conflict minerals disclosure
30 May 17
SD
Conflict minerals disclosure
30 May 16
SD
Conflict minerals disclosure
31 May 15
SD
Conflict minerals disclosure
29 May 14
UPLOAD
Letter from SEC
14 May 14
CORRESP
Correspondence with SEC
12 May 14
CORRESP
Correspondence with SEC
12 May 14
Ownership
4
REGAL BELOIT / Louis V. Pinkham ownership change
2 Apr 21
4
REGAL BELOIT / Cheryl Lewis ownership change
3 Mar 21
4
REGAL BELOIT / Eric S McGinnis ownership change
25 Feb 21
4
REGAL BELOIT / Jerrald R Morton ownership change
25 Feb 21
4
REGAL BELOIT / Louis V. Pinkham ownership change
25 Feb 21
4
REGAL BELOIT / Thomas E Valentyn ownership change
25 Feb 21
4
REGAL BELOIT / Jason R. Longley ownership change
25 Feb 21
4
REGAL BELOIT / John C Kunze ownership change
25 Feb 21
4
REGAL BELOIT / Cheryl Lewis ownership change
25 Feb 21
4
REGAL BELOIT / John Avampato ownership change
25 Feb 21
Patents
APP
Utility
Systems and Methods for Wirelessly Communicating Within Electric Motor Systems
25 Mar 21
An electric motor communication system for use with a fluid moving system and using at least one wireless sensor network is provided.
GRANT
Utility
Electrical machines and methods of assembling the same
23 Mar 21
A motor has an axis of rotation and includes a housing, a first shaft coupled to the housing, and a second shaft coupled to the first shaft.
APP
Utility
Modular Sortation Units, Systems, and Methods
18 Mar 21
A modular transfer system with a primary flow system and a diverter system that is repositionable along a track system.
GRANT
Utility
Method of manufacturing an axial flux motor
16 Mar 21
A method of manufacturing an axial flux motor includes providing a stator; providing a rotor having a first external face and a second external face opposed and parallel the first external face; rotatably securing the rotor to the stator about a rotor center of rotation; providing a permanent magnet having a longitudinal axis thereof; fixedly securing the magnet to the rotor with the longitudinal axis positioned in a radial direction relative to the rotor center of rotation and so defining radially inward surface and an opposed radially outward surface, the magnet having a first face adjacent the first external face of the rotor and having a second face adjacent the second external face of the rotor; partially magnetizing the magnet by positioning a first magnetizing device adjacent the first face of the magnet; and magnetizing the magnet by positioning a second magnetizing device adjacent the second face of the magnet.
APP
Utility
System and Method for Burner Ignition Using Sensorless Constant Mass Flow Draft Inducers
25 Feb 21
A motor controller for a burner system includes an inverter that supplies current to a motor that rotates a draft inducer fan.
Transcripts
2020 Q4
Earnings call transcript
18 Feb 21
2020 Q3
Earnings call transcript
1 Nov 20
2020 Q3
Earnings call transcript
1 Nov 20
2020 Q3
Earnings call transcript
1 Nov 20
2020 Q2
Earnings call transcript
4 Aug 20
2020 Q1
Earnings call transcript
9 May 20
2019 Q4
Earnings call transcript
4 Feb 20
2019 Q3
Earnings call transcript
4 Nov 19
2019 Q2
Earnings call transcript
6 Aug 19
2019 Q1
Earnings call transcript
11 May 19
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